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.
When individuals mention the person who “manages my money,” they are often referring to the person who handles their investments. But the action of managing money goes far beyond investing. Here’s what you should know.
New Year’s Resolutions are popular to make, but they are easily – and frequently – broken. But when it comes to being financially independent, it’s important to make some resolutions you can keep. Here’s EKS Associates’ Top 10 List of Resolutions for Financial Success.
Defeating debt is always important, but it becomes more critical as one nears retirement. Here are some strategies to help you navigate this stressful situation.