Question for the Financial Types here

		PeachParts Mercedes-Benz Forum > General Discussions > Off-Topic Discussion
Question for the Financial Types here

03-08-2005, 04:35 PM

JenTay

Registered User

Join Date: Dec 2003

Posts: 555

Question for the Financial Types here

What is the deal about borrowing from one's 401k?

Assuming the company allows it,

-is it considered a loan or a withdrawal?
-assuming it is a loan, is there interest?
-does it avoid the premature withdrawal penalty?
-how does one make payments on the loan?

Thanks in advance guys.

__________________
Jennifer
90 350sdl

Bookmarks

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is On Trackbacks are On Pingbacks are On Refbacks are On Forum Rules

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
1986 300SDL Question	Marcb	Diesel Discussion	21	02-17-2010 07:17 PM
IRA question for the accountant types here	JenTay	Off-Topic Discussion	10	08-13-2004 04:51 PM
83 300CD tranny modulator question	freesprung	Tech Help	0	04-07-2004 10:10 PM
Trouble Codes Question	talons40	Tech Help	2	08-22-2003 02:36 PM
Newbie Question	josephcorderomd	Diesel Discussion	1	07-07-2003 10:59 AM

All times are GMT -4. The time now is 09:12 AM.