Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "DH wants to spend retirement money on private school...help"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Tell your husband that he can only do it if he is willing to take a second job and repay the retirement loan from the earnings for the second job. And he can only take out as much as the second job brings in annually. If he can't bring in enough to cover all of the private schools then he can't do it. Remember that if you take the money out after age 55 without retiring, you still have to pay a penalty. You only do NOT pay the penalty if you actually retire. Since obviously your husband cannot afford to retire (not if he wants to pay for private HS and college) you'd be paying penalties to take out that money. Where is the money for the penalties coming from? [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
