All Questions
Tagged with loans united-states
290
questions
2
votes
1
answer
171
views
How does 401k loan default after you left your job?
I'm trying to find some basic answers here but having a very hard time. I have a job currently and I'm about to lose it. I have pulled out a 401k loan and paying it back through the payroll deduction.
...
- 21
0
votes
0
answers
87
views
My parents live in England. I live and file taxes in the US. I want to make them an interest free loan to buy a house. Payable at death / house sale
I considered purchasing it as joint tenants in common but that triggers stamp duty on the entire purchase as I’m a non UK resident. I thought they may be able to amend their will to represent the ...
- 1
0
votes
3
answers
225
views
Home sale payment
My questions refer to real estate in the US.
When the buyer pays cash (i.e. without taking a loan), would it usually mean that the buyer will have to pay the whole amount in a single payment? Or is ...
- 465
2
votes
1
answer
51
views
Paying taxes on a converted old retirement account to a Roth IRA from a 401K loan from current employer?
I have an old 403B plan, I am 47 years old and would like to convert part of it to a Roth. I would like to convert $100k to the Roth, but will then have to pay taxes on the conversion. Lets just say ...
- 21
0
votes
4
answers
1k
views
Why can't you get a loan against your IRA?
I'm trying to borrow against my IRA but for personal reasons rather than one of the 8-9 approved reasons. Does anyone know why it's prohibited? Is there any way around this?
- 943
6
votes
3
answers
2k
views
Was 50k loan limit always a part of the 401k program and are there any ways around it?
I got a loan from my 401k that I repaid a while back and I don't remember anything about a $50k limit. Now I am buying a new house before I sell mine and the $50k limit seems to be ridiculous since ...
- 4,727
0
votes
2
answers
79
views
Can I benefit from a liquidation event if I use the funds to pay off my spouse's student loans?
I am expecting some liquidity on my NSO (Non-qualified Stock Options) and ISO ( Incentive Stock Options) with current company. I have heard of 529 for college fund. Is this something I could use to ...
- 1,936
0
votes
1
answer
174
views
Should I consolidate my loans amidst political talks of forgiving student debt? [closed]
I recently graduated college in the US, and my loans went into COVID-19 forbearance. I'm not required to make payments until January 2021, but I have been witling away at them for a few months since ...
- 61
0
votes
1
answer
73
views
Why would I care about "potential for downward pressure on the price of loaned securities due to short selling" when loaning securities?
I read in an email from Fidelity regarding their "Fidelity’s Fully Paid Lending Program":
Keep in mind that while your securities are on loan, there is the potential for downward pressure ...
- 11.4k
10
votes
1
answer
2k
views
What tools are there to investigate why my FICO score would have dropped significantly?
Please assume the basics have been considered, such as:
Credit utilization could have went up
Hard inquiries
Closed an account
Opened a new credit card
Paying off a loan
None of the above occurred ...
- 847
0
votes
2
answers
223
views
Is it possible to create a LLC for property investment and obtain an FHA loan?
I'm interested in forming a company to invest in property for tax reasons. I currently don't have a mortgage and never have, is it possible to obtain an FHA loan for a piece of property and have the ...
- 175
2
votes
2
answers
314
views
Can I use my investment savings as a source of income to be considered for a loan?
I'm currently receiving public benefits from the Social Security Administration and my state's Supplemental Nutrition Assistance Programme (SNAP). I've been on these programmes for many years. I've ...
- 282
3
votes
2
answers
230
views
Should I prioritize repaying my 401(k) loan over maxing out my 401k contributions?
I took out a $22,000 loan (over 7 years) against my 401(k) for the purchase of a new home. I currently owe $15,000 on that loan. While I make 401(k) contributions each paycheck, I am not making the ...
- 33
1
vote
1
answer
88
views
Better loan option: PMI or Higher+variable interest?
I'm looking at two options for a home improvement loan (around $20,000): the first is a federal title 1 loan, which would be a fixed interest rate of around 4.5% (at the time of initial quote), BUT ...
- 113
3
votes
1
answer
111
views
How to fill out the PPP forgiveness loan application? What do I put for employee identifier, cash comp, and average fte?
Is employee identifier their ss#? And I'm not sure what to put for cash comp and average fte?
My ppp loan is for me, my wife, and 2 contractors. We run a repair shop and I only call in my contractors ...
- 2,025