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I took cash out option from my Pension Plan and put $18,000 into 401K loan. Is this considered rolling over a portion of the cash out?

 
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DS30
New Member

I took cash out option from my Pension Plan and put $18,000 into 401K loan. Is this considered rolling over a portion of the cash out?

Unfortunately no. Since you are actually paying back a 401(k) loan and not transferring (rolling over) the funds into your 401(k), this loan repayment is not considered a rollover.



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DS30
New Member

I took cash out option from my Pension Plan and put $18,000 into 401K loan. Is this considered rolling over a portion of the cash out?

Unfortunately no. Since you are actually paying back a 401(k) loan and not transferring (rolling over) the funds into your 401(k), this loan repayment is not considered a rollover.



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