K4D Rising #4

[K4D]

Bad idea. You pay taxes on your withdrawal from the 401k. Then after you repay the "loan" of your own money, which you've now paid taxes on, when you withdraw the funds down the line, you will AGAIN pay taxes on it. Worst financial thing to do. Hence the appeal of the Roth IRA for those who qualify and you do. (There better be a heck of a match from your company to make a 401k worth it in the first place-- but withdrawals from 401ks are fatal, financially.) There are many much cheaper ways.
j-

From everything I read, I simply pay the fed taxes plus an early withdrawal fee. It didn't say anything about having to pay it back. It was a roll over IRA and not much money in the account to be honest. You are saying I do have to pay it back even if I pay the penalty and taxes on it?

as for your sitch, it's just more of the same. You are ruled & paralyzed by your fears. By the way, when you said you "passed the good job onto her"... I thought that was weird to say. You turned it down b/c it meant more work for you --- which you did not want as you once said you were "not very ambitious", and she took it as an opportunity and worked hard at it, and now she earns lots more. That's what you said a year ago. Now, the story is you did her a favor...please. Thing is, if you are revising things like this, you can imagine how she is revising. Just...God K4, you need advice from robx and gucci. No women seem able to reach you. You are so afraid of being without her but you are without her. And you survived.

Gucci talks to me once in a while. And yes, I have survived being without her. I am not sure why you say no women are getting through to me. I understand exactly what they are saying and I am listening to them and thinking it over. But I will concede whatever you want me to even though I don't think it is completely true.

As far as being in the same place, I haven't left my W behind. So if that is what you are talking about, I guess you are right.

Kevin