Get Answers About 401k Loans

If a company closes down what happens to outstanding 401k loans?

I had a loan from my 401k plan. The company closed theirs doors and shut down the 401k. I rolled over the 401k to a new company, I am being assessed with the outstanding loan as income. Is there anything that...

Answered 2/8/2010 | Answer This | 3 Answers | See Question

401k loans

I was told that my employer would not let us take a loan out because there stocks where low. Can a company do that if it's your money?

Asked 1/27/2010 | Answer This | 0 Answers | See Question

Looking to leave my job and take my 401K out.

I have $35K in 401k loans & a balance of $75K. If I take out the balance to repay the loans how will I be taxed? I need to leave my current job, there is no alternative so I'm just looking to make amends on...

Asked 12/3/2008 | Answer This | 0 Answers | See Question

401k loans

If i already filed my taxes and h&r block has made a mistake about a pentalty on my 1099 form about the 10% . when it is for my first primary house from hardship loan. how do i get it taken care of or straightened...

Asked 2/14/2008 | Answer This | 0 Answers | See Question

401k loans?

Do housing lenders consider loans against your 401K when calculating your debt ratio?

Answered 5/27/2007 | View Answer | See Question

401k loans?

What are the stipulations on loans from a 401k account

Answered 11/1/2006 | View Answer | See Question

401k loans?

About 2 and a half years ago I took a hardship loan from my 401k to get us through my maternity leave. I am having trouble making ends meet right now and want to know what will happen/how much it will cost me...

Answered 10/4/2007 | View Answer | See Question

401k home loans?

Is it a wise financial move to borrow from your 401k to pay for a home? Since the interest you pay on your 401k loan goes back into your 401k account to be invested and earn money for you, it seems to me that...

Answered 7/24/2007 | View Answer | See Question

What happens to 401k loans when you change jobs?

If I am planning to leave my job in the near future and I have 30k in my 401k and approx. 12k in loans, how will the loans be repaid? Do I pay the taxes at year end? Also what if I decided to cash out the rest?

Answered 6/21/2007 | View Answer | See Question

How to get out from under 401k loans?

Before we were married, my husband borrowed heavily from his 401k. About $47,000 heavily. To pay back his loans the citistreet people take $1,300 out from his paycheck every two weeks, which leaves us barely enough...

Answered 11/16/2007 | View Answer | See Question

401k loans and credit cards.help!?

I have two huge credit cards that need to be paid off, as well as two small ones. I was thinking about taking out a loan from my 401K to pay the small ones off and some of the big ones. It won't pay them...

Answered 7/5/2007 | View Answer | See Question

Do i invest $25,000 or use it to pay my 401k loans back? 401k loans are at 10% and payments are $539/mo.?

Answered 5/31/2007 | View Answer | See Question

Loans agains 401k and disability?

I have 2 loans against my 401k for about $3,000. However, I haven't paid on them in awhile. This is because I have been out of work since December and am currently collecting disability thru my employer....

Answered 8/30/2007 | View Answer | See Question