need insight from someone who has. TY
http://averagemomaveragelife.blogspot.com
selling Avon products & gifts
***If you are on the BTL or BTW, please don't email me about trading, TY***
A THOUGHT TO PONDER: "On the road of life there are passengers and drivers, which are you?"
1|1|yes, I have a couple times|whitmarg|robin@whitmannet.com|11:32:23|09/19/2011|
It doesn't eliminate the taxes but it does eliminate the 10% penalty. I have used it when I was unemployed for COBRA and I think once for my son's college tuition.
Other things you need to consider are the rules your company has set up -- if they allow you to take a straight disbursement vs borrowing and what the payback rules are. 2|1|IRS defines "hardship" rules|brainyblonde|brainyblonde410@gmail.com|17:19:03|09/19/2011|
Link is below as to what qualifies. Be prepared to provide written proof to your employer of hardship.
http://www.irs.gov/retirement/article/0,,id=162416,00.html#2
Debbie
3|1|Well I just jumped in & took total distribution, hope I don't regret it|pumamomma|pumamomma@yahoo.com|18:53:45|09/19/2011|
http://averagemomaveragelife.blogspot.com
selling Avon products & gifts
***If you are on the BTL or BTW, please don't email me about trading, TY***
A THOUGHT TO PONDER: "On the road of life there are passengers and drivers, which are you?"