A reader of Ask NJ Money Help asked:
Has there been a change in law about what happens to 401(k) loans that are not fully paid when you leave your job? You used to have 60 days to pay it back or it would be a taxable distribution.
– Curious
Yes, there has been a change. It all depends on the exact timing of when you leave your job.
Read the full article here on NJMoneyHelp.com.
Also read the follow-up question we received from another Ask NJ Money Help reader.
A child buying their first car. A grandchild just starting out. A sibling needing help. When someone you care about asks you to co-sign a loan, it’s natural to want to say yes. But before you sign on the dotted line, it’s worth pausing to understand exactly what you’re committing to—and how to protect yourself in the process.
Are your kids ready to handle money on their own? Discover practical ways to teach financial skills that will set them up for a lifetime of confidence and independence.
For far too long, women have been underserved in the world of finance. Our founder, a female wealth advisor who broke through barriers, recognized this and worked hard to ensure that everyone has access to sound, independent financial guidance. To this day, EKS is a trusted resource for women seeking clarity, confidence, and control in their financial lives. National Pinkfix Day was created to spark a movement that helps women step into their financial power. We proudly embrace this mission.