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Forum: USA

Jul 17th 2016, 12:09 am

Replies: 12

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

Views: 1,324

Posted By FatFrank

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

I have the same $50K or 50% limit.
3.5%, 5.5% I suppose it doesn't really matter too much as you are paying yourself the interest :)

I would have to check but I think my 401K recently changed its...

Forum: USA

Jul 15th 2016, 2:20 am

Replies: 12

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

Views: 1,324

Posted By FatFrank

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

Check if you 401K lets you take a loan out rather than a withdrawal (mine does.) That way you can "withdraw" the funds tax free, and repay yourself at the 401K scheme determined interest rate (3.5%...

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