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401K - cashing out, penalties?
#9
Blue Wrote:Sad I know. and well, yes you can give him the boot but, that isn't going to untangle the mess.

Were I you, I'd take the hardship I could get ASAP, see how that went since it does allow you enough to cover taxes on top of "needs" then, if any was left, decide if it was worth the 50% loss or, just hold off on the balance until January.

Apparently the IRS thinks food stamps and the city bus are good enough - even if your city doesn't have a bus system and you don't actually qualify for food stamps because you took the 401K and thus made too much money. Sad

Plus, if "Mr. FT" has medical bills, you can claim that amount under hardship and not actually pay his bills (might be the car at least).

I know, dirty pool and a bit unsavory but, I think it's going to be a good bit of that from him anyway, unfortunately. Cry

Hmmm. Are you suggesting I prevaricate my way out of this mess?

And are you not the man who told me not to lower myself to his standards, which I assumed included lying...?

Or are we just picking and choosing which standards to not follow?
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Messages In This Thread
401K - cashing out, penalties? - by Bowyn Aerrow - 09-26-2012, 10:11 PM
401K - cashing out, penalties? - by pellaz - 09-26-2012, 10:26 PM
401K - cashing out, penalties? - by Bowyn Aerrow - 09-26-2012, 10:42 PM
401K - cashing out, penalties? - by Blue - 09-27-2012, 01:13 AM
401K - cashing out, penalties? - by Bowyn Aerrow - 09-27-2012, 01:52 AM
401K - cashing out, penalties? - by Blue - 09-27-2012, 02:04 AM
401K - cashing out, penalties? - by James - 09-27-2012, 02:14 AM
401K - cashing out, penalties? - by Bowyn Aerrow - 09-27-2012, 02:22 AM
401K - cashing out, penalties? - by Bowyn Aerrow - 09-27-2012, 02:26 AM
401K - cashing out, penalties? - by James - 09-27-2012, 02:30 AM
401K - cashing out, penalties? - by Blue - 09-27-2012, 02:50 AM

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