Discussion in 'UPS Discussions' started by OKLABob, Sep 12, 2019.
@Maple Grove MN Driver I need to take out of my 401k for a kilo of cocaine...is this possible ?
Taking Loans or Withdrawals Can Be Costly
You take the money out as a loan and you get a set amount of time to pay it back. The money you pay back comes directly out of your paycheck, plus you pay interest back on what you take out. If you quit your job then you have to report it on your taxes because the information is sent to the irs
It is not considered a withdraw
That link I posted was from the Prudential website.
i dont know because something dont sound right, he started at 18 is 23 now and only driving full time for two years. Now he is building a house but needs 401k money for closing cost etc. So his wife must have a good job
He might not be able to borrow that much. It depends on how much you have in your 401k
building a new house is not cheap
No it's not. Definitely don't want to bury yourself in debt.
Some of the builders down here require at least $50,000 down before they even will break ground on your house if you're planning on buying into a subdivision that's being built.
You have to pay it off with interest
I sell on credit.
Take 1/2 kilo and cut it 50/50 sell to stupid people and 1/2 Key for yourself
Thanks Dave Ramsey.
Still makes your statement wrong.
With after tax money!
Yours too PAL
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