Yes, I believe that is almost always the case. Loans are typically due within a short timeframe if Archived Message
Posted by Victor's bananas on March 5, 2017, 14:33:27, in reply to "And simetimes the loan option is only available to current employees"
Leave employer too. Previous Message and not former employees (if applicable). Previous Message Previous Message Previous Message She wont budge. I am fighting a losing battle here Previous Message Do you need the entire amount now for a large purchase? If not, there are other options that would not involve either a penalty or a large one-year tax hit. Previous Message If I were to close out one of my 401k's and the amount is 100k. I know aobut the tax hit but what amount gets added to your income tax return the following year? Does the 1099-R form you receive show 100k or is it the amount you get after the taxes?
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