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21 October 2020 | 7 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
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19 June 2021 | 11 replies
The response from guests has been outstanding.
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14 October 2016 | 55 replies
We have an outstanding reputation and everything is explained to the buyer from start to finish.
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15 September 2020 | 2 replies
Your rent to value ratio if purchased near your initial offer and the rents are accurate will be outstanding for CA.
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3 July 2020 | 3 replies
Worked as an emergency room RN for a few years, then went to work as a fleet diesel mechanic, and now run operations for buried telephone repair across the St.
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4 March 2020 | 15 replies
I found a decent deal that works with a 20-25% down but when I factor in paying back even the minimum on the HELOC (1% of outstanding balance) the numbers go south quickly.
21 August 2022 | 14 replies
Unfortunately she is also behind on this months rent so she has an outstanding balance that exceeds the security deposit.
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18 September 2022 | 15 replies
THIS IS OUTSTANDING ADVISE!!!!
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4 September 2021 | 15 replies
We also have an outstanding cleaning that keeps a great eye on things.
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14 September 2020 | 7 replies
You will have to adjust for some inflation and hurricane-related price increases, but overall it’s an outstanding overview of this exact process.