Question for people that had 401k loan with EY. Did you have to pay it off right away when you left even if you didn’t rollover your 401k to a new employer?

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I didn’t. I let mine go into default. I paid the 10% penalty on the balance that wasn’t paid back and included as income on my tax return in the year it defaulted

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I didn’t have to pay mine back all at once when I left EY. I set up a direct withdrawal from my checking account to pay it out over the life of the loan. No penalties, no income inclusion, and I am paying interest to myself.

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