I took out a 401k loan of 20k in 2015.
I just repaid the remaining balance of $6700.
Does that loan affect the maximum allowable amount even if it's old? Does the balance of that loan at any point in the last 12 months lower the maximum available amount?
Can I take 50k or will it be 50k minus the balance of that old loan 12 months ago (roughly $10,500). Is the max 50k or 39.5k?
Yes, I DO have a vested balance over 100k. Thanks!!!!
Submitted February 23, 2019 at 11:37PM by swingline40 https://ift.tt/2Sm0vnd
