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To: Casaubon who wrote (69555)	2/19/2001 12:16:12 PM
From: Joan Osland Graffius	Respond to of 99985

Casaubon, Your point on buying a house using your 401k as a bank. You could easily make the trade off of paying yourself the interest on the loan vs. taking a tax deduction for that interest. What I see people doing is using the 401k assets for paying the principal and paying the interest to the account from their payroll checks. What happens to some of these people is there are no 401k assets when they retire and they have to borrow to pay off the 401k debt at retirement. I may be old fashion, but our 401k plans, which we never borrowed from are nice assets at retirement. My generation has lived during times that are very good to us. We have pension plans, 401k assets and Social Security. Those of us who worked for great companies that had great pension plans don't need this 401k income, but the pension plans are being phased out and future generations will need these 401k plans to replace this pension income that their parents had. Joan