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Old 04-19-2015, 01:19 PM   #11 (permalink)
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Originally Posted by freedom View Post
just make sure you actually pay off the loan.
if you can't or don't, within a month or so, someone will knock on your door wanting 50% of your unpaid balance on the loan.
The unpaid balance will be seen by the IRS as income that wasn't taxed.
It's never happened to me. They take automatic draft repayment loan right out of my check
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Every hole costs money


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Old 04-19-2015, 03:05 PM   #12 (permalink)
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Or stop buying paintball stuff until your cc is paid off.
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Old 04-22-2015, 08:38 PM   #13 (permalink)
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If you are under 59.5 yrs old, there is a 10% penalty + the amount you take out is now taxed as income, you claim it on your income taxes.

Options: you maybe able to leave it where it is, trf to the 401k at your new job or trf into an IRA.

Avoid taking it out unless you have no other options.
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Old 04-22-2015, 08:41 PM   #14 (permalink)
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best thing to do is roll it over. i did that my 401k and turn out to best thing i did went from have 3.7k now to over 6k. also you do not have to roll over to new company 401k you can get new one and leave that one alone. all you have to do make sure you know someone know what they are doing. like i did. i never have to pay into or pay back on loses. all they do is take out if lose and add more if goes up.
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Old 04-23-2015, 11:33 PM   #15 (permalink)
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Buy 3 carter ducks! Lol
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Originally posted by heinous: "sniper's gun always gets extra camera love"
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