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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (33870)5/19/2000 10:39:00 AM
From: Mama Bear  Read Replies (1) | Respond to of 42523
 
Les, no margin calls on a 401k loan. There's no real loan there, it's an accounting fiction. You take out your own money, and pay it back to yourself with interest. However, if the employee loses the job the loan becomes immediately due in full. If it's not paid back, the gov't counts it as a distribution and you have to pay the penalty on your taxes.

Regards,

Barb



To: Les H who wrote (33870)5/19/2000 10:42:00 AM
From: LLCF  Read Replies (1) | Respond to of 42523
 
<Almost every young computer company ad out here touts "Pre-IPO" in the employment ads.>

That's a good one, I am out of the loop in the job market. Sounds like that statement assumes an future IPO, ah, let the good times roll.

DAK



To: Les H who wrote (33870)5/19/2000 11:02:00 AM
From: Les H  Respond to of 42523
 
Panic Cycle Lows

sandspring.com


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