if i have a 401k loan then go on temporary workmans comp and my loan payments arent deducted will they be treated as a withdrawl thanks
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401k loan
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 mike 11100 |
401k loan |
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Posts: 1 (06/04/09 17:15:27) |
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ralexander |
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Posts: 81 (06/05/09 05:11:25) |
If they aren't being deducted for more than 30 days then, yes, the entire balance of the loan could be treated as a distribution (taxes & penalties).
R. Alexander
lowcost401k.com |
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