answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Does 401k let you take money out to get an apartment?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

I had heard that in 2009 the President would let you take up to 10000.00 out of your 401K without a penality. Is this true.?

Though penalty-free withdrawals were initially part of the President's economic recovery plan, that measure never made it through Congress. As of right now, a 10% early withdrawal penalty is still assessed if you choose to take money out of your 401K.


Basic Information About 401k Loans?

Do you need a business loan or personal loan for advancing your business and personal needs? Quality Finance Limited provides businesses and individuals around the globe financial solutions and loans, which can be tailored through our dedicated experts and teams. Our rates are quite flexible to meets every individual or business needs to help you accomplish your investment goals and foster a long-lasting relationship with you as your business needs expand we expand and grow with you accordingly rendering you all financial support that you would be needing in your entire process of business growth to development


Can you tell me the details regarding an individual 401k plan?

A 401k plan is used as a retirement plan to help employees save money for the future.You have an option, Some employers let you manage your own account, make your own investments.


Can you rent an apartment with no employment but will pay for the apartment in full for the year?

If you sign only a 1 year lease some apartments will allow you to do that if you pay the amount in a cashiers check or money order. Let them know when turning in your application your situation. -Assistant Apartment Manager


Can an apartment complex let you into your dads apartment if you are not on the lease?

Not without a court order.


Is it better to use the auto-balancing option in your 401k plan rather than to just let the money go into each selected fund?

The auto balancing option generally leads to a more diversified portfolio. The auto balancing option in most 401k's is the better way to go.


Is it better to use the auto balancing option in your 401k plan rather than to just let the money go into each selected fund?

The auto balancing option generally leads to a more diversified portfolio. The auto balancing option in most 401k's is the better way to go.


How do you get your parents to let you move to Hollywood?

You wait until you are 18, have saved up enough money to pay the first month's rent and a deposit on a Hollywood apartment, and then let them know that you will be moving to Hollywood.


Is the participant of a 401k required to take money out of her account during her lifetime?

Yes. When you obtain the age of 70 1/2 years old, the IRS requires that you begin taking portions of your account balance depending on life expectancy. (This is referred to as your RMD or Required Minimum Distribution) Your plan's record keeper will typically send you notifications in the mail to let you know what you're required to take.


I would like to rent an apartment in Coop City, Bronx, N.Y. Is this possible or do I have to purchase?

There are apartments in Coop City Bronx. With this said the number of empty apartments is very low. I would look for a sub-let apartment many people will let there apartment out. good luck


What is the average cost of rent for a small apartment?

Apartment cost varies from one location to another. Also let us take consideration of how many room are in there, available facilities, securities and other amenities. Usually it ranges from $400 to $600 per month.


How To Get Your Deposit Back When You Rent Property?

Security deposits can be expensive. They can be equal in cost to a month’s rent. If you are a renter, that security deposit is money that you would like to get back when you move out of your apartment. Here are some tips to help you get your security deposit back. Document Your Apartment’s Condition When you move into your apartment, take pictures. You should make sure that you take pictures of any existing damage. Use a camera that puts a time stamp on your photos. You should also email those photos to your landlord, so that you have a record that the landlord did indeed receive photo documentation of the initial condition of your apartment. Take Good Care Of Your Place No amount of photo documentation and cleaning is going to help you get your deposit back if you do not take good care of your apartment. Clean up any spills right away. Although some wear and tear is normal, excessively damaging your apartment will result in you losing your security deposit. Let Maintenance Know About Problems If anything breaks or malfunctions in your apartment, let your landlord or maintenance contact know immediately. Although you can call to let maintenance know about any issues, you should also send them an email if possible. Again, this can be used later as proof that you informed property management that there was a problem. Consider A Cleaning Service When you move out, consider hiring professional cleaners for both general cleaning and carpet cleaning. Save your receipts so that you can prove that the apartment was cleaned before you left it. If you do your cleaning yourself, do your cleaning after the furniture is moved out of the apartment. That way, you will be able to do a more thorough cleaning job. Take pictures again after the cleaning has been completed. Arrange A Walk-Through With Your Landlord If possible, schedule a time that your landlord can walk through your empty apartment with you. It will be more difficult for your landlord to claim that there is damage to the property if you walk through a well-maintained apartment with them right before you hand over the keys.