Lol right. He just doesn't make that jump from concrete to abstract.

Green deal would be a massive leap towards that end of the spectrum.

Kind of funny that you view that as a slippery slope meanwhile you guys have been crying and labeling Trump a fascist for 4 years at least once a week

>Muslim ban!!! omg fascistttt
>Killing our kids in the streets!1!
>Kids in cages!! stop fascism!11!
>Erh mehr gawd storm troopers!! <---- we are here

These things actually happened though.. Its why your term of "communism" is odd because its not fitting the problem you bitching about?
masks!!!--communism isn't a thing that goes together for example.

This post was edited by theCrossbones on Aug 9 2020 08:50am

I refinanced loans at the wrong fucking time in history godamn

I needed cash for house projects and cracked into my 403b. On one hand due to Covid hardships I was able to get my cash without paying any of the early access taxes so I didn't lose the 30%, but in order for this to happen the market had to be in the shitter.

Except attacks on religious and ethnic others, delegitimizing journalists, attempting to discredit the election system in case he loses, using federal troops to enforce state laws against the will of those states, and other things are actually direct steps towards fascism in a way that your examples aren't for communism.

I know you would never see it though. It's only XXXXX-ism if you don't agree with what's happening.

I have wondered this

If you borrow from your 401/403/ira early without the penalty - can you put that money back in this calendar year? scenario to clarify my questions:

Let’s say you have 100k in your 401k. You take out 50k, 50k remaining and you pause your contributions. By November your finances have changed - are you able to contribute 50k back to your 401k, or is it still capped at 19.5k for the year? Rather, are you able to contribute 69.5k at years end? (50k you borrowed from it, plus 19.5k yearly allotted contribution)

Thx for anyone with insights on this

This post was edited by Bazi on Aug 9 2020 10:54am

You can either take from your 401K and eat the tax penalty, or you can get a loan from your 401k with a payment plan to put it back without having taxes, but they will charge you interest that goes into your account, so you're basically paying interest to yourself.

if its a loan you can repay it all immediately and there shouldn’t be a pre-payment penalty. that isnt considered a contribution. but that has to be from “post tax” sources. the repayments to the loan cannot come from new pre-tax contributons to your retirement plan, that would be nice though if they let you do that eventually but that isnt how it’s currently set up. what usually happens is you have a repayment schedule that gets deducted from your paycheck (so for your example $50k/60 months, plus some interest which while you are on the hook for it does go back into your own account) if you repay all of the balance then the payments stop (duh).

if you take an early withdrawal like what it seems skinned did (which has a bunch of new provisions to protect the employee from the CARES act) theres some tax deferrals now and no early withdrawal penalty (usually you pay 10% penalty if you’re under 59.5 years old to do an early withdrawal, and you bave to pay income taxes on it, which you generally either withhold or you are on the hook for when its tax day).

This post was edited by excellence on Aug 9 2020 11:13am

Right so no tax penalty with early withdraws with new provisions, but basically you have to clarify are you taking a loan from your 401k vs taking a withdrawal I guess. (?)

In regards to loan, my 401k is a roth401k so my contributions are post tax anyway - in regards to paying it back later, so I won’t be income taxed on it if I were to retrieve it now or at 59.5. What is this interest on the 401k loan, I don’t understand this interest on the loan that Thor is talking about - how do they come up with such a figure?

This post was edited by Bazi on Aug 9 2020 11:20am