s******o
发帖数: 50 | 1 I need to borrow some money from 401K acount. In general, how much could I
borrow? What's the policy about this kind of issue?
Thx |
c********r
发帖数: 1422 | 2 u can borrow whatever amount you want. no penalty as long as you return it
within 60 days.
【在 s******o 的大作中提到】
: I need to borrow some money from 401K acount. In general, how much could I
: borrow? What's the policy about this kind of issue?
: Thx
|
s******o
发帖数: 50 | 3 Thanks
【在 c********r 的大作中提到】
: u can borrow whatever amount you want. no penalty as long as you return it
: within 60 days.
|
s******o
发帖数: 50 | |
s******o
发帖数: 50 | 5 how about >60 days, for example 90 days?
thx
【在 c********r 的大作中提到】
: u can borrow whatever amount you want. no penalty as long as you return it
: within 60 days.
|
b*d
发帖数: 9308 | 6 可以借$50K或者50%.
【在 s******o 的大作中提到】
: I need to borrow some money from 401K acount. In general, how much could I
: borrow? What's the policy about this kind of issue?
: Thx
|
a*****0
发帖数: 3319 | 7 Exactly. We just did that. $50K or 50%, whichever is lower.
【在 b*d 的大作中提到】
: 可以借$50K或者50%.
|
a*****0
发帖数: 3319 | 8 You don't have to return it in 60 days. You can even schedule to return in 5
years. The interest rate you pay to yourself would be 4.25%.
【在 s******o 的大作中提到】
: how about >60 days, for example 90 days?
: thx
|
k***n
发帖数: 3158 | 9 one has to check with the HR
every employer gives different terms
also, if this is for the down payment, one has to check with the lender
to make sure they are OK with it
5
【在 a*****0 的大作中提到】
: You don't have to return it in 60 days. You can even schedule to return in 5
: years. The interest rate you pay to yourself would be 4.25%.
|
a*****0
发帖数: 3319 | 10 You don't have to check with the lender for down payment. We wired the
amount we borrowed from 401K to our checking account. So when we made down
payment, the money came from the checking account altogether.
【在 k***n 的大作中提到】
: one has to check with the HR
: every employer gives different terms
: also, if this is for the down payment, one has to check with the lender
: to make sure they are OK with it
:
: 5
|
|
|
l*****o
发帖数: 26631 | |
q*z
发帖数: 13362 | 12 马上就能还上,只是需要现金短期周转的.
【在 l*****o 的大作中提到】
: 请问一般什么情况下从401K借钱比较划算呢？
|
q*z
发帖数: 13362 | 13 比如前面拿个从国内带了cash来,做downpay要被check的情况
【在 l*****o 的大作中提到】
: 请问一般什么情况下从401K借钱比较划算呢？
|
l*****o
发帖数: 26631 | 14 哦， 多谢。 学习了
【在 q*z 的大作中提到】
: 马上就能还上,只是需要现金短期周转的.
|
k***n
发帖数: 3158 | 15 it all depends on the lender so it is highly YMMV
If one has enough fund sitting in the bank before borrowing from 401K and
showed two months statements to the lender, the lender may not ask at all
but if the bank statements don't have enough fund for the down payment and
the borrower plans to borrow from 401K to make up the balance, lender MAY
ask proofs of the cash flow.
one does not want to screw it up in the end so it's better to check with
the lender as others' experience may not apply specifically to everyone.
【在 a*****0 的大作中提到】
: You don't have to check with the lender for down payment. We wired the
: amount we borrowed from 401K to our checking account. So when we made down
: payment, the money came from the checking account altogether.
|
s******o
发帖数: 50 | 16 谢谢大家的回答。今天问的情况是，可以borrow账户的50%，1-5年期限，4.25%利率。
但必须是从每个月的paycheck里扣。你可以选择提前还清。no tax, no penalty. The
interest is yours. |
