Home› The Porch

I will be using my 403 to pay for >>>>>

josevolutionjosevolution Posts: 30,473
edited May 2009 in The Porch
the fall shows fuck it why not i pay it back to myself anyway :D:D so bring it on 8-):mrgreen: ..you only live once i'm going for it ..TORONTO 1ST 8-)8-) .
jesus greets me looks just like me ....
Post edited by Unknown User on

Comments

  • BeerBaronBeerBaron Toronto-ish Posts: 4,097
    Your 403?
    1996: Toronto 1998: Barrie 2000: Saratoga Springs 2003: Buffalo, Toronto 2005: Kitchener, London, Hamilton, Montreal, Ottawa, Toronto 2006: Toronto x2, Cleveland, Detroit, Pittsburgh, Cincinnati, Gorge #1 2007: London, Dusseldorf, Vic, Lolla 2008: WPB, Tampa, DC, MSG x2, Hartford, Boston x2, Beacon 2009: Toronto, Chicago x2, Seattle x2, LA #3&4, San Diego, Philly x4 2010: Cleveland, Buffalo, Hartford 2011: Montreal, Toronto x2, Hamilton 2012: Missoula 2013: London, Wrigley, Pittsburgh, Buffalo, Hartford, Dallas, OKC
  • CranMalReignCranMalReign Posts: 1,928
    BeerBaron wrote:
    Your 403?

    I'm going to guess 403(b)... the non-profit equivalent of a 401(k).

    I know it's PJ and all, but sounds like a poor use of retirement money and early withdrawal penalties to me... espescially when the market has nowhere to go but up... but that's just the fiscally responsible grown up talking. :)
    • 98 Pgh
    • 00 Pgh
    • 03 Pgh|Philly|PSU|Camden 1+2|Hershey
    • 04 Boston 1|Reading
    • 05 Philly
    • 06 Camden 1+2|Pgh
    • 08 Camden 1+2|Hartford|Mansfield 2
    • 09 Philly 1 [EV]|Toronto|Spectrum 1-4
    • 10 Cleveland|Buffalo
    • 11 Philly [EV]|PJ20
    • 12 Philly
    • 13 London|Pgh|Buff|Philly 1+2|Balt
    • 14 Cincy|StL
    • 16 Philly 1+2|Philly 2 [TotD]
    • 18 Boston 1+2
  • guacamolejoeguacamolejoe Posts: 2,396
    I'll be using part of the down payment I've been saving for a new house down here in southern Florida. It's a good thing the house prices have dropped about $150,000-$200,000 (unfortunately about what my 407 plan lost) & the mortgage rates are bellow 5%. Now I need to find someone to lend me the money ;). BTW I've been lucky enough to live twice. It's gooood to be ALIVE!
    So, What you Giving ?........ (Thanks Speedy, Alesek, & Arq+friends)
    What You Giving

    I suggest you step out on your Porch.
    Run away my son. See it all. Oh, See the World!
  • josevolutionjosevolution Posts: 30,473
    BeerBaron wrote:
    Your 403?

    yeah 403b just small withdrawal no penalties and it just gets taken out of every check no biggie smart move for me at least ,it's not like i'm taking all of the money out just enough to cover some expenses ..
    jesus greets me looks just like me ....
  • HOLT9900HOLT9900 Posts: 27
    josevolution wrote:
    BeerBaron wrote:
    Your 403?

    yeah 403b just small withdrawal no penalties and it just gets taken out of every check no biggie smart move for me at least ,it's not like i'm taking all of the money out just enough to cover some expenses ..


    There will be a 10% penalty if your not at least 59.5 years old
  • CranMalReignCranMalReign Posts: 1,928
    HOLT9900 wrote:
    josevolution wrote:
    BeerBaron wrote:
    Your 403?

    yeah 403b just small withdrawal no penalties and it just gets taken out of every check no biggie smart move for me at least ,it's not like i'm taking all of the money out just enough to cover some expenses ..


    There will be a 10% penalty if your not at least 59.5 years old

    Yah, I thought you'd be penalized for any withdrawal, no matter what size, if you're under age, except for down payment on a first time home or college tuition or something along those lines.

    And you have to pay it back.

    If it's worth it, it's worth it. *shrugs*
    • 98 Pgh
    • 00 Pgh
    • 03 Pgh|Philly|PSU|Camden 1+2|Hershey
    • 04 Boston 1|Reading
    • 05 Philly
    • 06 Camden 1+2|Pgh
    • 08 Camden 1+2|Hartford|Mansfield 2
    • 09 Philly 1 [EV]|Toronto|Spectrum 1-4
    • 10 Cleveland|Buffalo
    • 11 Philly [EV]|PJ20
    • 12 Philly
    • 13 London|Pgh|Buff|Philly 1+2|Balt
    • 14 Cincy|StL
    • 16 Philly 1+2|Philly 2 [TotD]
    • 18 Boston 1+2
  • Solat13Solat13 Posts: 6,996
    Nice, I'm using my bowling money for my Chicago trip. I bowl in a league on Monday nights and we finished our season yesterday and got paid out our winnings for coming in 4th place in a 16 team league.
    - Busted down the pretext
    - 8/28/98
    - 9/2/00
    - 4/28/03, 5/3/03, 7/3/03, 7/5/03, 7/6/03, 7/9/03, 7/11/03, 7/12/03, 7/14/03
    - 9/28/04, 9/29/04, 10/1/04, 10/2/04
    - 9/11/05, 9/12/05, 9/13/05, 9/30/05, 10/1/05, 10/3/05
    - 5/12/06, 5/13/06, 5/27/06, 5/28/06, 5/30/06, 6/1/06, 6/3/06, 6/23/06, 7/22/06, 7/23/06, 12/2/06, 12/9/06
    - 8/2/07, 8/5/07
    - 6/19/08, 6/20/08, 6/22/08, 6/24/08, 6/25/08, 6/27/08, 6/28/08, 6/30/08, 7/1/08
    - 8/23/09, 8/24/09, 9/21/09, 9/22/09, 10/27/09, 10/28/09, 10/30/09, 10/31/09
    - 5/15/10, 5/17/10, 5/18/10, 5/20/10, 5/21/10, 10/23/10, 10/24/10
    - 9/11/11, 9/12/11
    - 10/18/13, 10/21/13, 10/22/13, 11/30/13, 12/4/13
  • Ryan_WFCRyan_WFC Posts: 1,350
    I'm using money earned by participating in corporate focus groups. I rationalize this by telling the moderators the opposite of my true opinions.
    "They said ... timing was everything
    made him ... want to be everywhere
    there's a ... lot to be said for nowhere."
  • LizardLizard So Cal Posts: 12,091
    Solat13 wrote:
    Nice, I'm using my bowling money for my Chicago trip. I bowl in a league on Monday nights and we finished our season yesterday and got paid out our winnings for coming in 4th place in a 16 team league.

    Nice. I used to love sweeper nights. When I bowled I had a high handicap ;) and always seemed to kick butt on sweeper night! :)

    Jose---hope it works out to take out of the 403(b).
    So I'll just lie down and wait for the dream
    Where I'm not ugly and you're lookin' at me
  • HOLT9900HOLT9900 Posts: 27
    Yah, I thought you'd be penalized for any withdrawal, no matter what size, if you're under age, except for down payment on a first time home or college tuition or something along those lines.

    And you have to pay it back.

    If it's worth it, it's worth it. *shrugs*[/quote]

    You can avoid the penalty if you take out a loan against your balance instead of taking a withdrawal.
  • youngsteryoungster Boston Posts: 6,576
    I'm using my vacation fund from work to cover my entire trip, including tickets. I get paid $1 per hour I work into this fund, so $40 per week etc. and I am happy to say I have been saving since last summer so my wife and I's flight, hotel, rental car, tickets and expenses are covered. Man that feels good to say.
    He who forgets will be destined to remember.

    9/29/04 Boston, 6/28/08 Mansfield, 8/23/09 Chicago, 5/15/10 Hartford
    5/17/10 Boston, 10/15/13 Worcester, 10/16/13 Worcester, 10/25/13 Hartford
    8/5/16 Fenway, 8/7/16 Fenway
    EV Solo: 6/16/11 Boston, 6/18/11 Hartford,
  • given2fly23given2fly23 Evanston, IL Posts: 5,940
    based on your thread title, I assume you are looking for advice. I usually advise clients that retirement money IRA/401k should be considered nonexistent. the $1000 you take out now for a tour may end up costing you $5-7k over the next 30 years.
    Found: Soundgarden Hyde Park DVD (Thank you for the gift!)
    Posters for Sale: http://community.pearljam.com/discussion/117469/posters-for-sale
    T-Shirts for Sale: http://community.pearljam.com/discussion/149289/pj-t-shirt-trade-or-sale
  • HOLT9900HOLT9900 Posts: 27
    non-entity wrote:
    based on your thread title, I assume you are looking for advice. I usually advise clients that retirement money IRA/401k should be considered nonexistent. the $1000 you take out now for a tour may end up costing you $5-7k over the next 30 years.


    Just take a loan from the balance and pay it back it will cost you nothing. You will be paying the interest to yourself.
  • given2fly23given2fly23 Evanston, IL Posts: 5,940
    HOLT9900 wrote:
    Just take a loan from the balance and pay it back it will cost you nothing. You will be paying the interest to yourself.

    yes, this is an option, but I assume that if he is taking money out of his retirement he does not think he will be able to pay back a loan. if you anticipate being able to pay it back, a loan is a much better option.
    Found: Soundgarden Hyde Park DVD (Thank you for the gift!)
    Posters for Sale: http://community.pearljam.com/discussion/117469/posters-for-sale
    T-Shirts for Sale: http://community.pearljam.com/discussion/149289/pj-t-shirt-trade-or-sale
  • touringfantouringfan Posts: 568
    look at his second post. He is taking a LOAN therefore he will not have to pay the 10%, His post indicates that it will be paid back out of his paychecks. Prob not the most prudent thing to use the money for but cant say i blame him one bit. Enjoy the shows!
    baby boomers selling you rumors of their history, forcing youth away from the truth of what's real today.
  • josevolutionjosevolution Posts: 30,473
    Yes folks it will be a loan to myself really not to much $$$$$$ just enough to cover some of the expenses :mrgreen: it won't be that much that comes out of my check ..
    jesus greets me looks just like me ....
  • CHANGEinWAVESCHANGEinWAVES Posts: 10,169
    I'll be using the money I get from selling my wedding rings! At least something happy will come from that marriage! :)
    "I'm not present, I'm a drug that makes you dream"
  • SPEEDY MCCREADYSPEEDY MCCREADY Posts: 25,822
    Solat13 wrote:
    Nice, I'm using my bowling money for my Chicago trip. I bowl in a league on Monday nights and we finished our season yesterday and got paid out our winnings for coming in 4th place in a 16 team league.
    Bowling money??? WOW!!!! I havent thought about bowling money in 20 years....hehehe

    Damn....that brought back a memory or 2.....hehehehehehe

    I was quite the bowler back in the day.........i havent picked up a bowling ball in 10 years....heheheh
    Take me piece by piece.....
    Till there aint nothing left worth taking away from me.....
Sign In or Register to comment.