Welcome! | Ask A Question
Asked 11/1/2009
|
Can pretax distribution be used to capitalize a business without penalty?, thanks I have been told there was a case in Texas, that an individual capitalized a new business purchase with 401k distibution without penalty or the taxes, ... any knowledge? thanks, tc |
Type your Answer in the box below and post your answer.
My wife was just layed off after 15 yrs employment. we have a loan against her 401k. the company that handles the 401k says we cannot continue payments, only option is to pay off (can't do) or they let it go into default and make it a distribution. i read that as she is over 55 (57) a distibution...
My wife withdrew the entire amount of her 401k tsp in september of 2009 to pay off debt. i have been permanently and totally disabled since 1991 as her spouse. does my disability status qualify us for an exemption on the 10% penalty for early distribution? we were both 56 at the time of withdrawal.
I have been unemployed since my previous employer moved the business to mexico at the end of 2008. am i able to borrow against or utilize some of my 401k to start my own business without penalty?
|
Loan on 401k, layed off by company, can't repay loan so it will be a distribution, 10 penalty My wife was just layed off after 15 yrs employment. we have a loan against her 401k. the... |
|
Is a permanent and totally disabled spouse qualify for early distribution penalty exemption? My wife withdrew the entire amount of her 401k tsp in september of 2009 to pay off debt. i... |
|
Is obama allowing a withdrawal or loan against 401k to start business without penalty? I have been unemployed since my previous employer moved the business to mexico at the end... |
|
Taxes on premature distributions? If i withhold 20% federal + the 10% premature penalty on my distribution now, will i still... |
|
Can we start a 401k 'pre-tax' for a child? My wife and i both max out our 401k pretax. still, we wish to both lower our tax liability... |
|
Dear sirs, my previous employer just closed my store down and terminated my employment. i... |

Ask A Question
Ask a new question about
401k: