N
norman25
Guest
What is the name of your state? Oklahoma
I was laid off of my job of 22 years due to down sizing, the company had an ESOP plan for the employees and is getting ready to destribute the money. When I was laid off , we ended up loosing our home, and I have become disabled due to Major depression. Is there anyway I could use this money to buy a home without incurring tax on the money, because, if there is tax on the money, there would not be enough to buy a home. Is it possible to rollover the money into an IRA then borrow from that?
Thankyou
I was laid off of my job of 22 years due to down sizing, the company had an ESOP plan for the employees and is getting ready to destribute the money. When I was laid off , we ended up loosing our home, and I have become disabled due to Major depression. Is there anyway I could use this money to buy a home without incurring tax on the money, because, if there is tax on the money, there would not be enough to buy a home. Is it possible to rollover the money into an IRA then borrow from that?
Thankyou