Should you Borrow against your 401k? 

 

CPA Moms Information Center about borrowing against your 401K

Main Menu

Recorvery Rebate Credit
Mileage Deductions
Car Donation Deductions
Bad Debt Right Off
Hybrid Cars Deductions
Tax Cash Today at Western Union
CPA Moms - Services Offered
Tax Preparation
Electronic Filing
FREE IRS Forms
Enrolled Agents
Tax Moms
Recovery Rebate Credit
CPA Moms
Representation before IRS
Non Profit Tax Services
Accounting
Bookkeeping
CPA Loan Letter
$7500 Downpayment for your Home
401k Loan Home Page
401k Loan News
401k Loan Articles
More CPA Moms Tax Subjects
Want to Join CPA Moms?
401k Loan Blog


People Needed to play FREE Retirement Game


Writers Wanted


We need more article writers






If the parents contribute all $14,000 to the 401k Plan for the next 18 years They will take full advantage of the employer’s match of 25 cents on the dollar — a guaranteed 25% return on your money, plus a minimum of $10,800 tax saving.
 

When college comes along, take a early withdrawal from the 401k loan to pay the education expenses is tax-free. You’ll have 60 months to repay each early withdrawal  back and you pay interest to yourself.



  • The E-LOAN process
    E-LOAN's loan application is very easy to understand and follow. Through E-LOAN services you can get a loan approved within minutes and can order your appraisal using a credit card to speed up the process....
  • What You Should Know About A 401k
    A 401k is a good place to start in planning for your future retirement, no matter how far away you may be from the actual time. A 401k account is a special type of savings account that is funded directly...
  • 401k Retirement Plans Explained
    401k retirement plans are special types of accounts, financed through pre-tax payroll deductions. The funds in your account are invested in various ways. Your funds can be invested through any number of...
  • Penalties on IRAs, MSAs, and 401(k)s
    The 401(k) is a retirement plan implemented and provided to employees by their employer as a means to save for their retirement. Not only do many employers contribute to the employees 401(k) along with...
  • Take Your 401(k) With You!
    If you have left your employer to pursue another job then there is something you should consider taking with you something that many employees leave behind: their retirement plan. Specifically, if you...
  • The Self-Employed 401(k) Loan
    Instead of tapping their IRA to raise cash many individuals are turning to the Self-Employed 401(k) with a loan feature as a method to access money from their retirement account without paying a big penalty...
  • With Social Security Vanishing, Do I Need a 401(k)?
    What is a 401(k)? The name is derived from the Internal Revenue Code established in 1978. It's presently administered by the government section called the Employee Benefits Security Administration, also...
  • Using an IRA or 401(k) Loan to Buy Real Estate
    One of the most difficult parts of buying real estate is coming up with enough money for the downpayment and post-closing expenses. Yet many people dont realize that its possible to use some of their...
  • Retirement Plans for Solo Entrepreneurs
    Copyright 2006 Kristine McKinleySaving for retirement is even more important for solo-entrepreneurs because you don't have a company sponsored pension plan or matching 401K contributions to rely on. There...
  • 401(k) balances below high of six years ago
    Despite strong investment gains during the past three years, employees' 401(k) account balances, on average, are lower than they were six years ago as the accounts have yet to fully recover from the beating...
  • Avoid Losing Your Home to a Bank Foreclosure
    Are you facing the prospect of losing your home in a bank foreclosure? Many who are experiencing a temporary financial squeeze will withdraw cash out of their IRA in order to save their home. Getting a...
  • Divorce, Custody, and Income Tax
    A child custody agreement can have serious implications on your tax filing and your taxes overall. This issue should be addressed with your attorney or with your accountant while you are going through...
  • 401k Tax Deduction
    401 K plan is a retirement plan that is on offer in US and some other countries. This plan offers tax deferred savings to the employees and encourages them to save for retirement. It is also referred to...