Archive for August 14th, 2008

Can money from a 401k loan for a first time home go towards a down payment AND closing costs?

Thursday, August 14th, 2008
401k
Donna S asked:

I know I can use a loan from my 401k towards the down payment. If I have some money left over from the 401k after that, can I use the rest for the closing costs?


Question posted courtesy of: Chris
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Posted in Financial Planning | 2 Comments »

How can I access my 401K for funds, if fired from work?

Thursday, August 14th, 2008
401k
soulravah asked:

………..

I have money invested in my 401K.

If I get fired from work, what kind of taxes will I owe if I need to access my 401K for funds, while looking for a new job?

Thanks!


Question posted courtesy of: Gertrude

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Posted in Financial Planning | 4 Comments »