Search:

You don't give your age. Most 401(k) plans allow for some hardship withdrawals. Some medical expenses can be taken from 401(k) plans without the penalty. Unfortunately, unless your "substatially...

One other problem you may incur is a bump up to a higher tax bracket by taking a withdrawl or not paying off a loan when you can least afford it.

Another problem I just remembered that if you have an outstanding loan from a 401(k) and you leave an employer you may be required to cough up taxes for the outstanding balance. I haven't...

I believe that a 401(k) loan payment is post tax money and will be taxed again when you latter retire and withdraw money. My understanding of hardship is that unless there are extreme health...

There are some people I talked to that thought that more than one monthly payment was going to be charged against there account. I find that the mortgage company has only taken one combined monthly...

We did this with our mortgage. At first I was not sure that this was a good idea because I could do this myself. I did some "what ifs" and found that the bank had a better deal. We cut our...

I've been told that some employers offer a 401(a) plan. I hadn't heard of them before either. I've done a Google search and haven't been able to get very much information about this type of DC...

Are there folks out there who have had experience with 401 (a) plans? I'm a trustee and wonder if a 401 (a) wouldn't be better than a 401 (k).

Thank you.

If a person takes a hardship withdrawl from a 401(k) I suspect that even with 10% taken for taxes on withdrawl a person could be paying more in taxes if they are in a higher tax bracket. Plus, as I...

I seem to be hearing a lot of radio commercials from folks who will show how to withdraw money from an IRA or 401(k) without a penalty as required by the IRS. How do these work?