Posted March 19th, 2009
by admin
Jennifer P asked:
On my employer’s 401k website under Loans/Withdrawals it lists an amount for me that I can access. Can I just withdraw the $ and not be taxed or penalized?
Tags: 401k Loans, Profit Sharing, Withdrawals
Posted in Personal Finance | 1 Comment »
Posted January 28th, 2009
by admin
Flying J asked:
If I am planning to leave my job in the near future and I have 30k in my 401k and approx. 12k in loans, how will the loans be repaid? Do I pay the taxes at year end? Also what if I decided to cash out the rest?
Tags: 401k Loans, Job, Jobs
Posted in Personal Finance | 4 Comments »