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.
Yes, there has been a change. It all depends on the exact timing of when you leave your job.
Also read the follow-up question we received from another Ask NJ Money Help reader.