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862 Search Results

Should You Use Your 401(k) as a First-Time Home Buyer?

Should You Use Your 401(k) as a First-Time Home Buyer?

https://www.sofi.com/learn/content/401k-first-time-home-buyer/

…purchase. He pays back $5,000 including interest, but still owes $25,000 when he takes another job. The remaining $25,000 would be deducted from his 401(k) as an offset, leaving $75,000…


Exploring the Pros and Cons of Personal Loans

Exploring the Pros and Cons of Personal Loans

https://www.sofi.com/learn/content/pros-and-cons-of-personal-loans/

…than a credit card but less than a personal loan. Borrowing Limits Personal Loans Up to $100,000 Credit Card Average limit of $29,855 Personal Line of Credit Up to $50,000…


How to Convert a Traditional 401(k) to a Roth IRA

How to Convert a Traditional 401(k) to a Roth IRA

https://www.sofi.com/learn/content/roll-401k-into-roth-ira/

…under $230,000 can contribute the full amount, those whose MAGI is $230,000 to $240,000 can contribute a partial amount, and those making more than $240,000 can’t contribute to a Roth…


How to Calculate the Debt-to-Equity Ratio

How to Calculate the Debt-to-Equity Ratio

https://www.sofi.com/learn/content/calculating-debt-to-equity-ratio/

…$2.5 million in debt, their D/E ratios would be the same: 1.0. But let’s say Company A has $2 million in long-term liabilities, and $500,000 in short-term liabilities, whereas Company…


Default Deferral Rate 401(k) Explained

Default Deferral Rate 401(k) Explained

https://www.sofi.com/learn/content/deferral-rate-401k/

…$7,500. The total annual 2023 contribution limit for 401(k) plans, including both employee and employer matching contributions, is $66,000. For 2024, the total annual contribution limit is $69,000. The money…


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