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I took out a 401k loan default?

I took out a 401k loan at my company and paid on it for a couple of years. i found a new job and they told me that unless i could pay it all off in 1 lump sum i had to default. i paid the penalties and the taxes for defaulting my loan and worked for the other company for close to a year. my former...

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Once a 401k loan has been given, can they "default" and demand payment?

I took out a 401k loan about 30 days ago and now they are stating they should not have approved it because i have more than one outstanding loan and their policy is to allow only two loans at a time. they are stating i have to pay back the loan in 30 days or i will be in "default" and will...

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Loan on 401k, layed off by company, can't repay loan so it will be a distribution, 10 penalty

My wife was just layed off after 15 yrs employment. we have a loan against her 401k. the company that handles the 401k says we cannot continue payments, only option is to pay off (can't do) or they let it go into default and make it a distribution. i read that as she is over 55 (57) a distibution...

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