Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Minn
Soon, it might make sense to cash in your 401K and take the tax penalty, just to get the money out of sight.

Done.

15 posted on 01/04/2011 7:28:39 PM PST by Libloather (Teapublican, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: Libloather

I’ve taken a “loan” out on my 401K and pay off a bill and it also avoids the tax penalty. Of course I can’t borrow more than 1/2 of the total fund (there isn’t much there anyway)


40 posted on 01/05/2011 6:49:35 AM PST by GYPSY286 (Politicians must USE their heads or Americans will LOSE their heads.)
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson