Archive for February, 2010

Can I take a disbursement on a 401K loan and stop payment from coming out of my paycheck?

Saturday, February 27th, 2010
Christine C asked:


Have a 401K loan from my employer that I used for my business. Business now closing. Can I take the loan as a disbursement, pay the taxes and penalties and stop the payment from coming out of my paycheck. I will be continuing to work for my employer.

Auto Loan For Bad Credit
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Posted in Financial Planning | Comments Off

Should I contribute more than the maximum matched on my 401k or put it in a Roth IRA?

Thursday, February 18th, 2010
Jin R asked:


Lets say my company matches up to 8% on my 401k and I’ve contributed the maximum. With my extra funds should I continue to add more money (say to 105) to the 401k or use that instead for a Roth IRA (mutual funds, bonds). Why or why not? Thanks.

Mortgage Debt
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Posted in Financial Planning | 5 Comments »