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Showing results 1 to 5 of 5
Search took 0.16 seconds. Search: Posts Made By: seasoned
Forum: Main Internet Marketing Discussion Forum 19th September 2009, 07:34 PM
Replies: 61
Views: 2,497
Posted By seasoned
Re: Cashing a 401K ($100,000) to boost your present business! Your Thoughts?

The 20% withholding is if you come into a big windfall, or the IRS requires it as a special case(For the person). That is NOT a penalty, or payment of tax, but a PREpayment of tax. It is like the...
Forum: Main Internet Marketing Discussion Forum 18th September 2009, 10:23 PM
Replies: 61
Views: 2,497
Posted By seasoned
Re: Cashing a 401K ($100,000) to boost your present business! Your Thoughts?

Y0u have three items that are EXACTLY the same in EVERY WAY!!!!!

1. This item costs $4000
2. This item costs $2880
3. This item costs $2640
4. This item costs NOTHING, but you may have to wait...
Forum: Main Internet Marketing Discussion Forum 18th September 2009, 10:09 PM
Replies: 61
Views: 2,497
Posted By seasoned
Re: Cashing a 401K ($100,000) to boost your present business! Your Thoughts?

Did ANYONE say that!?!?!? I certainly didn't. It is ILLEGAL for the institutions to automatically withhold it. They don't know how much to withhold, don't want to be bothered, and I BELIEVE you...
Forum: Main Internet Marketing Discussion Forum 18th September 2009, 10:00 PM
Replies: 61
Views: 2,497
Posted By seasoned
Re: Cashing a 401K ($100,000) to boost your present business! Your Thoughts?

You did NOT "cash a 401k", you borrowed AGAINST IT! The difference is HUGE! You paid 6.8% OVER TIME. CASHING typically costs about 40% UP FRONT!

Steve
Forum: Main Internet Marketing Discussion Forum 18th September 2009, 10:33 AM
Replies: 61
Views: 2,497
Posted By seasoned
Re: Cashing a 401K ($100,000) to boost your present business! Your Thoughts?

Michael,

The IRS basically WORKS to rip people off! Do you THINK they would let you have a 401K if you could use it? If you can get a loan against it, do THAT! If you can QUICKLY turn the money...
Showing results 1 to 5 of 5

 
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