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Old 08-27-2007, 08:32 PM
Michael
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Default Re: 401K loan

Hey thanks, seems like it might work for me.
Will try it.

"Dick Watson" wrote:

- quote -

> For one technique, see http://umpmfaq.info/faqdb.php?q=2. It's more work. It
> also track what's going on accurately.
> "Michael" <Michael[at]discussions.microsoft.com> wrote in message
> news:B9F4BD06-F0E2-4EA5-920E-D734FA7B9758[at]microsoft.com...
> > I saw the one article http://support.microsoft.com/kb/223174 on how to do
> > a
> > loan for a 401K but...doesnt work very well.

 
Old 08-25-2007, 03:20 AM
Dick Watson
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Posts: n/a
Default Re: 401K loan

For one technique, see http://umpmfaq.info/faqdb.php?q=2. It's more work. It
also track what's going on accurately.

"Michael" <Michael[at]discussions.microsoft.com> wrote in message
news:B9F4BD06-F0E2-4EA5-920E-D734FA7B9758[at]microsoft.com...
- quote -

> I saw the one article http://support.microsoft.com/kb/223174 on how to do
> a
> loan for a 401K but...doesnt work very well.



  #-1  
Old 08-25-2007, 12:42 AM
Michael
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Default 401K loan

I saw the one article http://support.microsoft.com/kb/223174 on how to do a
loan for a 401K but...doesnt work very well.
I get all the cash and investment account stuff.
Just seems like I should have a debit assosicated with the $ I have to
payback.
Ex. 100,000 401K and take loan for 50,000.
Sold stock, transfered cash.
Investment is 50,000 now.
Where do I account for the fact that I have a 50,000 debit that I have to
make monthly payments on.
I setup a loan for the 50,000 but then my payments would need to go to the
loan and 401K cash accounts.
If I trick it to do both reports wont be correct etc.


Any Help?
Michael

 

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401k, loan
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