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When You Lose Your Job with a 401k Loan

Thank you for watching my video. Feel free to check out www.mygatewaymoney.com for more information. Todd Pouliot, AIF Gateway Financial, LLC Address: 9821 Olde 8 Road, Suite M, Northfield Center, OH 44067 Toll-Free: 844-592-9888 ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing If you have a 401k loan and lose your job, the situation can be quite challenging. It can leave you wondering what will happen to your loan and how you will repay it. Losing your job can be tough, especially if you have outstanding bills to pay. Having a 401k loan adds to the stress since you have to figure out how you will settle the balance. First, it's crucial to understand what happens to a 401k loan if you lose your job. A 401k loan is a type of loan borrowed against your 401k retirement account . The loan agreement requires you to repay the