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Forum: USA

Jul 15th 2016, 3:35 pm

Replies: 12

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

Views: 1,324

Posted By durham_lad

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

When I worked as a volunteer tax preparer in 2010/11 (first year of retirement, foolishly thought I might get bored) I saw 2 folks who had been laid off the previous year and were left with serious...

Forum: USA

Jul 12th 2016, 2:03 pm

Replies: 12

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

Views: 1,324

Posted By durham_lad

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

I agree with the above advice to not withdraw it.

I'll add an example to the tax situation, assuming that the 401k rules allow you to withdraw funds. Suppose you withdrew $100,000 in the 401k. ...

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