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401k loan thiskodam manchike ayindi antunna desi uncles

Ravi860

By Ravi860
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Pandubabu Sr. Hero

Pandubabu

Posted
Posted
On 1/11/2023 at 5:56 PM, megadheera said:

Recession lo gaacharam Gand maari job pothe 401k loan immediate ga clear cheyali..if he doesn’t pay they will treat it as early withdrawal. Appudu 10% penalty and tax. Doola teerudhi

Everyone follow magadheera .  This is the only right answer.. everything else is speculation 

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coffeeabhi
coffeeabhi

You can take upto 50% or 50k, whichever is lower, of your 401k balance with the current employer as loan. No questions are asked, no papework is required. You can use that money for buying anything or

vatchesa
vatchesa

Correct kada, and moreover they took loan from their own money

csrcsr
csrcsr

I think interest alos goes to your same account manaki maname interest,  because market went down vala anandam kavochu, if they locked the home at high price adi kudda bokka e nemo Aaku mullu lag

Pandubabu Sr. Hero

Pandubabu

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On 1/11/2023 at 9:34 PM, chingchang said:

Depends on employer. Some employers will give you an option to pay with same frequency even if you resign or lose your job. 

No brother .. they are payroll deductions. How can you pay with same frequency if there is no payroll. Some companies let you pay before the next tax deadline. Some companies want you to pay Immediately. 

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chingchang Hero

chingchang

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2 hours ago, Pandubabu said:

No brother .. they are payroll deductions. How can you pay with same frequency if there is no payroll. Some companies let you pay before the next tax deadline. Some companies want you to pay Immediately. 

They will let you make payments using your checking account bhayya .. i have friends who did this 

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