Skip to main content
June 5, 2019
Solved

My wife pulled from her 401k last year but has been paying it back with every paycheck that is auto withdrawal. Does this mean i need to click retirement plan withdrawal?

  • June 5, 2019
  • 1 reply
  • 0 views
No text available
Best answer by Anita01

If this was a loan, meaning she borrowed from her 401k plan, then it would not count as a withdrawal unless she defaults on the payback.

1 reply

Anita01Answer
Employee
June 5, 2019

If this was a loan, meaning she borrowed from her 401k plan, then it would not count as a withdrawal unless she defaults on the payback.

kdove47Author
June 5, 2019
So since it is being paid back automatically via deduction from each paycheck by employer, that would be a loan, correct?