Before leaving current job, pay 401k loan
“The single best piece of planning advice you can give someone to minimize Uncle Sam’s take (taxes) in 2013: Pay back 401k loan before leaving your current job.
“Assuming the job market improves, many in the workforce will be switching jobs for greener pastures.
“If you do not pay back that outstanding 401k loan before leaving your current job, the loan amount will be considered a taxable distribution (taxed at your top bracket).
“If you’re younger than 55 in the year you leave the job, you’ll also get hit with a 10 percent penalty.”