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I have a $15K 401K loan balance against my former employer's 401K plan. The 15K balance is going to be forcibly paid off on May 17, 2012 -- 90 days after my last day of employment. I want to avoid the 2012 taxes & penalties that will occur when the payoff event occurs. How can I avoid that? What are my options?
Thanks for any advice.
3 years ago on How to Roll Over Your 401(k) When You Leave or Lose Your Job – The 401k Rollover