HeadShot
February 24th, 2009, 16:17
Just a thought... and yep its way OFF TOPIC from everything i love about this site...
401K cash out???
What if the government let 401k contributors use their 401k plan or part thereof, in a onetime tax free pay down of their mortgage.
I mean most of us will not cash it out till retirement to avoid the tax repercussions, so the money sits out of circulation. If it was used towards a mortgage tax free, it would instantly have a positive effect on the economy.
Any merit to this idea??
:mech:
401K cash out???
What if the government let 401k contributors use their 401k plan or part thereof, in a onetime tax free pay down of their mortgage.
I mean most of us will not cash it out till retirement to avoid the tax repercussions, so the money sits out of circulation. If it was used towards a mortgage tax free, it would instantly have a positive effect on the economy.
Any merit to this idea??
:mech: