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Larry[_25_] Larry[_25_] is offline
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First recorded activity by BoatBanter: Jul 2010
Posts: 190
Default ah, yes, the latest on my company 401K

bpuharic wrote:
On Tue, 20 Jul 2010 22:27:41 -0400, wrote:


wrote in message
...

On Tue, 20 Jul 2010 19:06:17 -0400, wrote:


bpuharic wrote:

On Tue, 20 Jul 2010 05:03:58 -0400, "Charles C."



go ahead and try to get a loan using your 401K as collateral

see what happens



CC


When would any lender accept a 401K account as collateral?

since it's a standard part of a loan applcation. that's when

been renting all your life, i see


I may be wrong but I believe 401Ks are untouchable in bankruptcy
proceedings. You may have to list them on a loan app but they are
untouchable to a loan holder.


unless, of course, you're able to waive that...which many middle class
people did since it was a source of wealth that the rich wanted to get
their greedy hands on.

WTF?