How to Take Equal Periodic Payments From a 401(k) Without a Tax Penalty?

Answer Under normal circumstances, you will face a 10 percent tax penalty if you choose to take money out of your 401k early. But, if you roll the money in your 401k over into an IRA account, you can set ... Read More »

Top Q&A For: How to Take Equal Periodic Payments From a 401(...

What is a 401k hardship withdrawal penalty?

A 401k plan is a tax-deferred retirement account that may be offered by your employer to help you save for retirement. Contributions to your 401k account are tax-deductible and the money grows tax-... Read More »

Are IRS tax penalty payments deductible?

Congress has determined that funds spent to satisfy IRS tax penalties do not qualify as tax-deductible expenses. Penalties are assessed when payments arrive late, stated deductions are denied or in... Read More »

If you were moving into the city for a few years and do not need a car which you are still making payments on - can you drop the insurance policy and continue to make payments on the car?

Answer Typically, (depending upon your state) if you wish for a vehicle to NOT be insured any longer, you would need to turn in the license plate before being able to discontinue the insurance. B... Read More »

If your friend takes over your payments while the car remains in your name can he get full coverage insurance and list the lien holder you make payments to?

Answer Your name must be on the Title or Loan in order to get car insurance under your name. Otherwise this is considered Insurance Fraud. It is punishable by the law.