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
»
Real Estate
Reply to "How did you afford your $1M plus home?"
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]PP here. I was curious so looked into the tax consequences. Accordingly to eHow (admittedly not the end all be all), if you take a permanent withdrawal from your 401K, you likely will pay both income taxes on it plus a 10% penalty. So for the poster planning on taking $120K out of her 401K for a house, I hope you have $50K lying around to pay for income taxes and penalty for that amount. B/c it seems like even if you can take it out as a "hardship", you still get effed from a tax standpoint.[/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
