I am considering a job change and have an outstanding 401k loan that stems from having to write a check to get out of our old house. A friend suggested I ask as part of negotiations for a sign on bonus to help pay off the loan balance and avoid taxes. Is that a real suggestion? I am in the consulting/project management arena.
Any other ideas? I had honestly sort of forgotten about this loan hanging over my head until I remembered, I don’t have enough in savings to pay it outright, I could pay half the balance from savings but I am not sure of that is even allowed. Once I leave my company i have 30
days to pay it or it becomes a disbursement from