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irasmilo:

<<<<When a 401K loan is due depends on the plan. Some demand full payment within a few days and others permit loans to repaid on their original schedule after separation from your employer. It is necessary to check your plan details before considering a 401k loan.>>>>

"I wasn't aware that 401(k) plans could allow repayment on the original schedule after employment ended. Thanks for the information."

That was the norm when 401-k loans were first allowed, but plan adminstrators got tired of teh hasle of getting live checks from multiple, former employees (instead of simple payroll deduction, done electronically for employees) and lobbied to have the rules chnaged.

Regards, JAFO


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