- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
2
Posted on 7/10/13 at 10:22 am to Duckman13
quote:
Ok
To answer the question, the former company would most likely would have demanded payment in full shortly after his termination.
If he couldn't pay, they would take it out of his 401K. This would be treated as an early withdrawal by the IRS, so he would have to pay taxes and a 10% penalty.
Posted on 7/10/13 at 10:24 am to Duckman13
Last I checked I'm not divorced or never built a house.
I'm considering borrowing against my 401k for a capital injection into a business that I own. The idea of borrowing from my 401K led me to thinking about him.
Sorry to disappoint.
I'm considering borrowing against my 401k for a capital injection into a business that I own. The idea of borrowing from my 401K led me to thinking about him.
Sorry to disappoint.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News