401k Withdrawl?


Posted February 27th, 2009 by admin 3 Comments »
401k withdrawl
Randy W asked:


Is there a way of removing the money from your 401k beside a loan if you are still employed at the company.

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Posted in Personal Finance | 3 Comments »

Is 401k withdrawl to buy 1st home exempt from early 10% withdrawl pentalty and any other taxes?


Posted February 27th, 2009 by admin 4 Comments »
401k withdrawl
cj asked:


and if so how do i do it on my taxes?
problem is i took a 401k loan out and then lost my job and money was spent on down payment of house

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Posted in United States | 4 Comments »

How is the 401k loan interest compounded?


Posted January 28th, 2009 by admin No Comments »
401k
mishatim asked:


I want to understand if the 401k loan interest schedule is different from a mortgage interest schedule. For example, in a mortgage payment the interest is the most of it. Is it the same with 401k loan?
Reason for asking is to see if it makes financial sense to use 401k loan to pay off a mortgage on a property. Thanks!

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Posted in Personal Finance | No Comments »