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Forum: USA

Jul 17th 2016, 2:10 am

Replies: 12

401K withdrawal and benefitting from the collapse of the Pound?

Views: 1,324

Posted By Pulaski

Re: 401K withdrawal and benefitting from the collapse of the Pound?

Thanks. I will look into that. ..... The rules are underpinned by IRS regs, so maybe mine are similar. :fingerscrossed:

Forum: USA

Jul 15th 2016, 3:24 am

Replies: 12

401K withdrawal and benefitting from the collapse of the Pound?

Views: 1,324

Posted By Pulaski

Re: 401K withdrawal and benefitting from the collapse of the Pound?

My 401k has the same sort of arrangement but I have to pay myself 5.5%. Also I have to be an employee, so if I leave my job the loan is immediately repayable (I think I have 90 days), or they are...

Forum: USA

Jul 12th 2016, 12:45 am

Replies: 12

401K withdrawal and benefitting from the collapse of the Pound?

Views: 1,324

Posted By Pulaski

Re: 401K withdrawal and benefitting from the collapse of the Pound?

I think that the 30% tax is withholding, and then it becomes part of your annual tax return, which could result in a partial refund, or an additional bill depending on your circumstances.

There is...

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