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401k

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  1. Salama2017

    OFF-TOPIC Should I cash out some of my 401k?

    The company that I work for is allowing employees to take out loans on their 401k accounts due to Covid-19. The money doesn't have to be paid back. However, the money will also be taxed heavily. For instance, my plan is to withdraw $15k which will end up being around $13,300 after state and...
  2. SeanP

    Anyone accessed the Rollover for Business Startups (ROBS) funding approach?

    I am considering accessing the ROBS (roll over for business startups) program to roll my 401k into a 401k plan under my start-up without deduction or penalty where the funds are exchanged for common stock held by the 401k. Those funds can then be used to finance operating expenses for my company...
  3. TKDTyler

    Do you work for your 401k or does your 401k work for you?

    *Disclaimer: I am not in any way shape or form a license tax professional. I am in no way advocating dodging tax laws – this serves as an informatory post and use of the information should be consulted between you and your own tax professional* Traditionally, 401k’s have been a slowlaner’s way...
  4. LauraMorenoCa

    HOT TOPIC Should I stop my 401k?

    Hi there, At the moment I work at a company full time and 10% of my salary goes into a 401k. My plan is to start my own company soon but in the meantime, should I stop my 401k? I am a little bit confused! Thanks so much!

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