Tndeer Logo

Page 2 of 2 <12
Topic Options
#3235289 - 04/30/13 04:55 AM Re: Saving for retirment??? [Re: Wildcat]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44774
Loc: Just North of Chatt-town

content Online
How can you retrieve/extract 401k funds WC? I know there is a penalty, and that taxes will be paid on it as income earned. But I think our HR guy says that we can't touch it to close it out, only make a loan to half the value of it.
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

Top
#3235294 - 04/30/13 05:03 AM Re: Saving for retirment??? [Re: MUP]
CR500AFX
6 Point


Registered: 08/10/12
Posts: 626
Loc: ANDERSON CO.

Offline
Typically, the only way to withdraw funds while still employed, is to have a hardship as defined in your 401K plan. Otherwise, you would have to terminate employment with your employer.
_________________________
She told me if I go riding/hunting one more time she's gonna leave me......I'm gonna miss her...

Top
#3235299 - 04/30/13 05:21 AM Re: Saving for retirment??? [Re: CR500AFX]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44774
Loc: Just North of Chatt-town

content Online
\:\( That's what I was afraid of. Well, looks like I may have to default on a loan to myself then.
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

Top
#3235318 - 04/30/13 06:11 AM Re: Saving for retirment??? [Re: RUGER]
KPH
10 Point


Registered: 08/06/05
Posts: 3714
Loc: Hendersonville Tenn

Offline
 Originally Posted By: RUGER
 Originally Posted By: CBU93
So...that is the problem. What's the solution?


Problem is, the USSA will steal your money.
The solution is, liquidate your assets, party like it's 1999 and plan on working till you die. \:D

Now that is a plan
_________________________
when I die please don't let the wife sale my guns for what I told her I paid for them

Top
#3235339 - 04/30/13 07:21 AM Re: Saving for retirment??? [Re: KPH]
fishboy1
16 Point


Registered: 01/13/03
Posts: 10527
Loc: Warren Co

Offline
Here is what I don't understand.

The PLAN (Cloward/Piven) is to overwhelm the system with debt (entitlement spending and printing money) Once the system collapses and people are out of work and starving, the Socialists can take over by promising MORE goodies to the masses.

Got it.... run up the credit card until you cant pay the bills then declare bankruptcy as a country.

What is the next step? The poor will be starving. The Producers will have shut down and hidden or moved their wealth out of the country....

Do the socialists think they can just yell "do over!" and get new credit cards? Who in the global marketplace will buy their debt/treasury bonds? The math doesn't work. There will be WAY MORE people poor and hungry than producers to tax. Nobody will want to open/start a business since they will be severely taxed/punished to pay for the starving poor.
_________________________
If you can't trust people with freedom, how can you trust them with power ?




Top
#3235878 - 04/30/13 07:57 PM Re: Saving for retirment??? [Re: MUP]
dr
10 Point


Registered: 02/24/03
Posts: 4277
Loc: USA

Offline
 Originally Posted By: MUP
How can you retrieve/extract 401k funds WC? I know there is a penalty, and that taxes will be paid on it as income earned. But I think our HR guy says that we can't touch it to close it out, only make a loan to half the value of it.

Don't know your age, but when you turn 59.5 you can withdraw your money from most 4o1k'S.
_________________________
"Any man who thinks he can be happy and prosperous by letting the government take care of him --- better take a closer look at the American Indian." Henry Ford

Top
#3236021 - 05/01/13 04:48 AM Re: Saving for retirment??? [Re: dr]
MUP
Non-Typical


Registered: 08/01/07
Posts: 44774
Loc: Just North of Chatt-town

content Online
Few years away from being able to do that dr. My mind is just spinning trying to figure a way to save MY money before it becomes community property. Sad sad sad...
_________________________
MUP

Amateurs: Built the Ark

Professionals: Built the Titanic

Top
#3236038 - 05/01/13 05:52 AM Re: Saving for retirment??? [Re: farmin68]
bigluresonly
6 Point


Registered: 04/09/08
Posts: 771
Loc: Cookeville

Offline
 Originally Posted By: farmin68
Obama and his commie cronies would love nothing more than to seize ALL retirement funds, tax the hell out of them, and then redistribute what's left equally amongst everyone, including those too lazy to work, save, and plan for retirement as well as every illegal alien.

Makes perfect sense. A long career of welfare then retirement on someone else's funds. The new American dream.

Top
#3236039 - 05/01/13 05:53 AM Re: Saving for retirment??? [Re: MUP]
Model70Man
12 Point


Registered: 09/30/05
Posts: 6781
Loc: Knoxville, TN

Offline
I clicked on that link to share of Facebook, and now my Facebook page will not load at all. I hope I don't have a virus on my computer now.
_________________________
Winchester Model 70 Stainless Left Hand .270 Win.
McMillan Edge
Talley Lightweights
Zeiss Victory Varipoint #60 Illuminated

Top
Page 2 of 2 <12


Moderator:  RUGER, Unicam, gtk, Tennessee Todd, Lakeland Charlie, Cuttin Caller, CBU93, stretch, TurkeyBurd, MAN, Bobby G, Kimber45, Crappie Luck 
Hop to:
Top Posters
4105496
RUGER
86956
Deer Assassin
65381
BSK
60987
Crappie Luck
51376
spitndrum
Newest Members
camohunter3, mtd, Higdon23, blcmrr2008, Urban deer Hunter
13270 Registered Users
Who's Online
93 registered (DocT, Hunter 257W, BuckDropper, muzzy76, bowhunter163, Ed B, 16 invisible) and 149 anonymous users online.
Forum Stats
13270 Members
42 Forums
93012 Topics
1086850 Posts

Max Online: 788 @ 11/11/13 08:06 PM
Moon Phase
CURRENT MOON
September
Su M Tu W Th F Sa
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30
Forum Donations
The TnDeer.Com Deer Talk Forum is for Tennessee Deer Hunters by Tennessee Deer Hunters. If you enjoy using our Talk Forum and would like to contribute to help in it's up-keep. Just submit your contribution by clicking on the DONATE button below and paying with PayPal or a major credit card. Any amount is much appreciated. Thanks for your support!

TN Burn Safe

Generated in 0.093 seconds in which 0.001 seconds were spent on a total of 14 queries. Zlib compression enabled.