How would you "quietly" withdraw money from an IRA or 401k?  The custodian reports all withdrawals to the IRS.

I post in a very "matter of fact" manner.   It can come across as rude.  I realize that is a short-coming of the writer, not the reader.      I apologize if you felt I was insulting you.      It is not you I had in mind when I said "made popular by people who fail to grasp basic arithmetic", but a popular tel...more

You couldn't?  I tried cutting and pasting, replacing "backslash" with "/", and I got there.  I'm using Internet Explorer.   The authors of the study are Geng Li and Paul A Smith, both economists.  Perhaps try Googling "Borrowing from 401k Geng Li Paul A Smith"?   I agree with you that borrowing from your 401k shou...more

My link did not show up.   Here is the address, I have spelled out one "backslash", just replace it with an actual back slash.   http:backslash/www.federalreserve.gov/pubs/feds/2008/200842/200842pap.pdf

Just Me,   What you are saying is a fallacy.  It gets repeated a lot, even by a certain television personality,  so I don't fault you.   I suggest you Google " double taxation of 401k loan fallacy" and see the many, many links written on this very topic.    Here is a 2008 academic study from an authoratat...more

This incorrect statement has been made popular by people who don't grasp basic arithmetic.    What is the answer to:  1 - 1 + 1 ?   Is it 2?  No, it is 1.    Where does the "- 1" come from?  It comes from the loan proceeds, which are tax-free.  You can't just ignore that fact.  (Well, you can, but it lead...more

No just me, I was asking Dewey Kerr if he is available.  I must be pretty bad at cyber flirting.

Are you single? ;)

Who is Susie Ormand?  Who is Suzie Ormand?  Who is Ormand?   Are the three of you trying to refer to Suze Orman?