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Retirement tax questions
Probably not - most plans only allow in-service employees to utilize loans. Once you separate from service the loan needs to be paid back or else it will be considered a distribution. You typically have 60 days to repay the loan before a deemed distribution will occur, but I suggest checking with your 401(k) administrator.
Here is some more information: What is a 401(k) early withdrawal?
March 23, 2025
9:22 AM