TweetAlways read the fineprint....
TweetSO MY COMPANY GAVE US A LOT OF STOCK IN MY 401K NOW I NEED SOME OF IT. WELL I CANT GET IT UNLESS I
1-YOU NEED TO QUIT
2-YOU NEED TO RETIRE
3-YOU NEED TO DIE
NOW SINCE I'M ON WORKMANS COMP I CANT EVEN BORROW FROM IT BECAUSE I'M NOT A ACTIVE EMPLOYER RIGHT NOW. AND IF I COULD BORROW FROM IT WHY THE **** DO I HAVE TO PAY IT BACK.
FU--ING USELESS
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TweetAlways read the fineprint....
TweetTHAT SUX BRO...I AGREE WITH YOU, THEY DO SUCK
HE WHO MAKES A BEAST OF HIMSELF, GET'S RID OF THE PAIN OF BEING A MAN!!
https://www.infinitymuscle.com/forum.php
"Actually for once your actually starting sound quite logical!"-djdiggler 07/10/2007
I LOVE BOOBOOKITTY...
TweetYou may not be able to get to your stock, but you should still be able to get to your 401K. If you have been putting money in your 401K, and the company has been matching you with company stock, you should still be entitled to your principal. Unless your company is owned by a bunch of arabs or something funky. But from what I understand and have always seen, you are entitled to your principal. With a nice penalty and taxes of course!Originally Posted by FUZO
“I don't look ahead... I keep focused on my next opponent. I am looking forward to my next opponent, I don't think past that point.”
--Manny Pacquiao
Big Mike's speach to Congress telling them to phuque off on the steroid ban:
https://www.moviewavs.com/0049230534/...y/statemnt.mp3
Fitnessgeared's resident Smart ass
TweetYA KNOW...YOUR RIGHT. ALL THE 401K'S I'VE BEEN IN, I'VE HAD ACCESS TO MY DOUGH...JUST NOT THE MATCHING DOUGH..Originally Posted by angryoldman
HE WHO MAKES A BEAST OF HIMSELF, GET'S RID OF THE PAIN OF BEING A MAN!!
https://www.infinitymuscle.com/forum.php
"Actually for once your actually starting sound quite logical!"-djdiggler 07/10/2007
I LOVE BOOBOOKITTY...
TweetAOM is correct. You should have access to the money you put in.
But if I remember correctly, there is a 40% penality for taxes!!
Push it, Pull it, Rack it. Repeat untill wide!!
Take nothing I say as serious, What do I know, I sell water!!
Vet@FitnessGeared.com
TweetEven if you could get it, it would cost you an arm and a leg. IMO, you'd be better off getting a home equity line of credit or borrow money against your car. That way you don't have to pay taxes and you can get a decent interest rate.
TweetBingo! A 401k is THE best investment for your retirement period. It's all tax deferred and it's the one thing that will be guaranteed to be there when you retire. If you don't max at least your employers contributions, you are wasting money.Originally Posted by T-Man007
Skarn
It's better to burn out, than to fade away...
TweetCorrect. In other words, you get phuqued later on when you want to take your money out. "Tax deferred" is a fancy government term for "We phuque you later in life, when you need it most!"Originally Posted by Skarn
“I don't look ahead... I keep focused on my next opponent. I am looking forward to my next opponent, I don't think past that point.”
--Manny Pacquiao
Big Mike's speach to Congress telling them to phuque off on the steroid ban:
https://www.moviewavs.com/0049230534/...y/statemnt.mp3
Fitnessgeared's resident Smart ass
TweetBro, you got it all wrong. You aren't getting Phucked later in life...later in life you will be in a much lower tax bracket (the majority of us) and thus you end up paying much less taxes on it when you really need it. I mean, nothing is a free ride, we have to pay taxes eventually on it!Originally Posted by angryoldman
Skarn
It's better to burn out, than to fade away...
TweetNot if you have a roth 401K. It works the same exact way as a Roth IRA. Pay your taxes going in, then get your money tax free when you need it.Originally Posted by Skarn
And the difference between the 2 is amazing. If you were to put $2000 a year away in a Roth for the next 30 years at a 5% interest rate, you would walk away with $69,439.
If you were to do the same exact thing with a traditional, $2000 a year for 30 years at 5%, even at a 30% tax bracket, you would walk away with $47,913.
Amazing difference.
How the phuque did we get started on this?
“I don't look ahead... I keep focused on my next opponent. I am looking forward to my next opponent, I don't think past that point.”
--Manny Pacquiao
Big Mike's speach to Congress telling them to phuque off on the steroid ban:
https://www.moviewavs.com/0049230534/...y/statemnt.mp3
Fitnessgeared's resident Smart ass