Parker Gun Collectors Association Forums  

Go Back   Parker Gun Collectors Association Forums Parker Forums General Parker Discussions

Notices

Reply
 
Thread Tools Display Modes
Unread 01-16-2020, 07:54 AM   #1
Member
Dean Romig
PGCA Invincible
Life Member
 
Dean Romig's Avatar

Member Info
 
Join Date: Dec 2008
Posts: 32,969
Thanks: 38,694
Thanked 35,910 Times in 13,168 Posts

Default

Pull some cash out of one of your life insurance policies, especially if nobody holds a mortgage on your home.






.
__________________
"I'm a Setter man.
Not because I think they're better than the other breeds,
but because I'm a romantic - stuck on tradition - and to me, a Setter just "belongs" in the grouse picture."

George King, "That's Ruff", 2010 - a timeless classic.
Dean Romig is offline   Reply With Quote
Unread 01-16-2020, 08:38 AM   #2
Member
C.O.B.
Forum Associate
 
Rich Anderson's Avatar

Member Info
 
Join Date: May 2009
Posts: 6,093
Thanks: 2,226
Thanked 6,389 Times in 2,094 Posts

Default

Quote:
Originally Posted by Dean Romig View Post
Pull some cash out of one of your life insurance policies, especially if nobody holds a mortgage on your home.






.
Thats the last way I'd finance a gun. If you take it that way your subject to a loan rate of around 8% and it snowballs every year if at least the interest isn't paid. At the very least the tax free death benefit for your family is reduced by the amount of the loan or the cash withdrawal. This could also effect your premium payments. Your much better off doing a home equity loan and in most cases that interest is tax deductible.
Another option is the 0% offer credit cards will give good customers. For a small fee of 4% or so I can take a cash advance interest free for up to 18 months in some cases. I did this to help with a BHE straight grip 32 inch 20 a couple of years ago and on the recent AHE 20.
__________________
There is no hunting like the hunting of man, and those who have hunted armed men long enough and liked it, never care for anything else thereafter...Earnest Hemingway
Rich Anderson is offline   Reply With Quote
The Following User Says Thank You to Rich Anderson For Your Post:
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 12:52 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright © 1998 - 2025, Parkerguns.org
Copyright © 2004 Design par Megatekno
- 2008 style update 3.7 avec l'autorisation de son auteur par Stradfred.