hardship withdrawal

Author

Message

Options

	Add to del.icio.us
	Add to YahooMyWeb

Margaret

Joined: 13 Nov 2009
Margaret's page
Posts: 78

-146 Magic Points

Subject: hardship withdrawal

Fri Nov 13, 2009 5:14 pm

What is a 401(k) hardship withdrawal?

debranewell2008

Joined: 10 Oct 2009
debranewell2008's page
Posts: 594

99 Magic Points

Fri Nov 13, 2009 10:55 pm

It is money you borrow from yourself and pay it back to yourself with interest.

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.