And simetimes the loan option is only available to current employees Archived Message
Posted by Sydney Carton on March 5, 2017, 13:25:55, in reply to "Yes, as long as your plan offers that option.*"
and not former employees (if applicable). Previous Message Previous Message Previous Message She wont budge. I am fighting a losing battle here Previous Message Do you need the entire amount now for a large purchase? If not, there are other options that would not involve either a penalty or a large one-year tax hit. Previous Message If I were to close out one of my 401k's and the amount is 100k. I know aobut the tax hit but what amount gets added to your income tax return the following year? Does the 1099-R form you receive show 100k or is it the amount you get after the taxes?
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