The Motley Fool Discussion Boards

Previous Page

Financial Planning / Foolish 401(k)s


Subject:  Re: 401k withdrawal question Date:  12/4/2012  4:51 PM
Author:  jmrut Number:  24957 of 26118

THanks for the reply. I wasn't suggesting she would lose another 6k from the 13k she still has, only that she would have to pay the taxes and penalty on the 6k loan (assuming default) in addition to the taxes and penalty for the 13k when that is withdrawn.

She is now retired so I don't know how that affects the ability to default on the loan.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us