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re: IRA early withdraw to fund another. (Update)
Posted on 10/1/12 at 1:57 pm to SippyCup
Posted on 10/1/12 at 1:57 pm to SippyCup
quote:
Last week the wifes employer announces they will match up to 15k of any contribution for the remainder of the year
You mean he is taking out 15k to make up his wife's shortened about of income right?? Is the employer really going to match outside of her paycheck? Never heard of that.
Posted on 10/1/12 at 2:27 pm to Catman88
quote:
Is the employer really going to match outside of her paycheck? Never heard of that.
My understanding (and I believe the OPs as well) is that the wife would increase her pretax contributions from her paycheck and the husband would cover the decrease in take home pay with the IRA money.
I don't think you can put after tax dollars in a 401k. Could be wrong though.
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