401k Teamsters withdrawals

[burrheadd]

I work in the Oklahoma City Hub and am in the southern region supplement. Does anyone know about taking money out of a 401k early. I had my truck repossessed this past Friday and was wondering if borrowing from my 401k to get it back was an option. I’m going to call the union hall Tuesday, but was looking for any info in the meantime. Been with UPS for 8 years as part time package handler.

You a driver?

 

[IVE GOTTA PACKAGE 4U]

You a driver?

You didn't read his last sentence? Burning one early??

 

[upschuck]

Tent?

I got a tent.

 

[IVE GOTTA PACKAGE 4U]

I got a tent.

He will appreciate that.

 

[Jackburton]

No shed.

She shed

 

[over9five]

I got a tent.

I pitch a tent every morning.

 

[Brown_Star]

Settle down cocoa crisp

More like asparagus stick ha!

 

[Trailer monkey]

Lol not drugs or police issue. Had the truck for almost 5 years, but we just got stretched too thin finically recently. Things are back on track now, I just don’t have the money currently to pay to get it back.

If you have any in the after-tax account, that can be withdrawn

 

[Slug Life]

I work in the Oklahoma City Hub and am in the southern region supplement. Does anyone know about taking money out of a 401k early. I had my truck repossessed this past Friday and was wondering if borrowing from my 401k to get it back was an option. I’m going to call the union hall Tuesday, but was looking for any info in the meantime. Been with UPS for 8 years as part time package handler.

I’m sure Halley Price will loan you some extra cash. He is after all a very nice man.

 

[DriveInDriveOut]

If you have any in the after-tax account, that can be withdrawn

I have to admit, I'm a little confused as to the purpose of the after-tax option. Would like some clarity on this.

 

[toonertoo]

I have to admit, I'm a little confused as to the purpose of the after-tax option. Would like some clarity on this.

In mine, i could put up to 5% weekly in, its already taxed, so not taxed when you withdraw, and you can withdraw for any reason. Anytime.

 

[IVE GOTTA PACKAGE 4U]

In mine, i could put up to 5% weekly in, its already taxed, so not taxed when you withdraw, and you can withdraw for any reason. Anytime.

Should You Make Aftertax Contributions to Your 401(k)?

 

[Rack em]

I have to admit, I'm a little confused as to the purpose of the after-tax option. Would like some clarity on this.

I do a traditional and a roth 401k just because taxes will always go up. When I retire I'll have already paid taxes at today's rate on my roth 401k instead of paying the future tax rate which will most certainly be higher.

 

[DriveInDriveOut]

I do a traditional and a roth 401k just because taxes will always go up. When I retire I'll have already paid taxes at today's rate on my roth 401k instead of paying the future tax rate which will most certainly be higher.

The after tax option is different than Roth.

Don't think there's really any reason for me to use it.

 

[Rack em]

The after tax option is different than Roth.

Don't think there's really any reason for me to use it.

Oh sorry, I assumed you were referring to a Roth.

 

[cornfed]

Don’t do it. Sell some stuff. Upon getting the truck back, sell immediately-you can’t afford it.

 

[brownmonster]

I do a traditional and a roth 401k just because taxes will always go up. When I retire I'll have already paid taxes at today's rate on my roth 401k instead of paying the future tax rate which will most certainly be higher.

They always go up yet they went down this year.

 

[Coldworld]

You can only borrow money for certain reasons. Get your truck repossed isn't one of them

How about taking money out of the ol’ 401k to go shopping at aldis????

 

[IVE GOTTA PACKAGE 4U]

How about taking money out of the ol’ 401k to go shopping at aldis????

Perhaps

 

[Jkloc420]

Perhaps

get out Barney