This is the Ramsey Call of the Day, part of the Ramsey Network.

Tom is in New York City.

Hey, Tom, how are you?

I'm great.

Thanks so much for taking the call, and I really appreciate it.

Sure.

What's up?

So about a year ago, my mother needed a little bit of money to help

purchase a home. So I took money against my 401k to lend her some money, $50,000 with the

proviso being that when she sold another apartment, she'd repay me. I've decided that since my

mother, I changed my mind that I don't want the money back. I'm just gifting her that money. I still owe about $35,000 on my 401k loan. The question I have for you

is, so at the time I took the loan, the bank interest rate that I was earning, I was only earning

about 1%. Right? So I've got about $150,000 in cash earning 5% in just a high-yield savings account.

So I could, of course, just pay off that 401k loan tomorrow if I wanted to.

But I'm only paying the loan at 3.25%.

And as you know, I'm actually paying myself back.

I'm not paying any interest to a lending institution.

So I'm trying to decide if it makes more sense to just keep paying it down and pay that $35,000 off.

You know what happens to the money out of my food?

You know what happens to 90% of the years that follow a bare market and the stock market?

What?

We have a recession?

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