Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Cattle loan
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Brute 23" data-source="post: 1586061" data-attributes="member: 6291"><p>If you lose your job or change employers, your entire 401(k) loan balance is due within 60 days. If you can't repay it, the IRS and your state treat the funds as a withdrawal. You will owe all federal and state income taxes on it, plus an additional 10 percent penalty tax if you are under the age of 59.5 years old.</p><p></p><p>Copied that word for word. 401K loans are extremely risky. Much better off at your bank.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1586061, member: 6291"] If you lose your job or change employers, your entire 401(k) loan balance is due within 60 days. If you can't repay it, the IRS and your state treat the funds as a withdrawal. You will owe all federal and state income taxes on it, plus an additional 10 percent penalty tax if you are under the age of 59.5 years old. Copied that word for word. 401K loans are extremely risky. Much better off at your bank. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Cattle loan
Top