Have Rules for 401(k) Loans Changed?

A reader of Ask NJ Money Help asked:

Has there been a change in law about what happens to 401(k) loans that are not fully paid when you leave your job? You used to have 60 days to pay it back or it would be a taxable distribution.

– Curious

Yes, there has been a change. It all depends on the exact timing of when you leave your job.

Read the full article here on NJMoneyHelp.com.

Also read the follow-up question we received from another Ask NJ Money Help reader.

Comments are closed.

Up ↑

%d bloggers like this: