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Catering, Vending and Cooking For The Masses. this forum is OnTopic. A resource to help with catering, vending and just cooking for large parties. Topics to include Getting Started, Ethics, Marketing, Catering resources, Formulas and recipes for cooking for large groups.


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Old 10-01-2008, 09:43 AM   #1
Bossmanbbq
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Join Date: 12-03-05
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Default Finance option???

I've been trying to figure out how you could tap into a 401k if you have one and found an article that might work for me and maybe some of you and thought I would share it here. Hope this helps....

http://www.aralifestyle.com/article....-with-Your-IRA

And here is the website of the company profiled in the article:
http://www.guidantfinancial.com/info...4-c07d7dd9fe96
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Old 10-01-2008, 01:39 PM   #2
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This sounds very interesting.
I am going to look the information over this evening.
Thanks for the post!
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Old 10-01-2008, 04:27 PM   #3
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I have been considering this option to use for a down payment on our first home as well as a biz. The question is will the banks allow it with the current credit situation and will the funds actually be there? I am sort of afraid to even look at my IRA right now...
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Old 10-01-2008, 04:31 PM   #4
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hmmm

sounds like I need to beef up my 401k and IRA's
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Old 10-01-2008, 11:19 PM   #5
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With my 401(k) i can take out a loan for 50% of my earnings.
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Old 10-02-2008, 08:16 AM   #6
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Quote:
Originally Posted by ON THE FARM View Post
With my 401(k) i can take out a loan for 50% of my earnings.
Don't forget about the cap.
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