Using a Loan with the Solo 401k Plan
Retirement investors often wonder if they can use a Solo 401k plan loan to make investments that require leverage, such as real estate. How does it work? Do the same rules that apply to acquiring a loan with a Self-Directed IRA also apply to the Solo 401k? In this article, we will explain the rules […]
Solo 401(k) Loan
A Solo 401(k) loan is permitted at any time and for any purpose using the accumulated balance of the Solo 401(k) as collateral for the loan.
How to Generate a Guaranteed 7.5% Rate of Return from your 401(k)
Generating a guaranteed rate of return on any investment is hard; learn how you can borrow from your 401(k) and generate 7.5%, guaranteed.
401(k) Loan vs. Taxable Distribution
When times are tough you may consider taking out a 401(k) loan. You may also consider a taxable distribution. Learn more about your options.
How to Borrow from a Solo 401(k)
The ability to borrow up to $50,000 from a Solo 401(k) makes it an attractive option for those in need of short-term use of retirement funds.
Tapping Your 401(k) Plan During a Crisis
As the coronavirus pandemic threatens financial markets and sends the U.S. economy into a potential recession, many small businesses and entrepreneurs are finding themselves in a liquidity crunch. Cash is now become king. Whether the cash is needed to pay employees, rent, mortgage payments, or even food, getting access to quick cash has become paramount. […]
Cautions Before You Borrow from Your Solo 401k
Conventional wisdom says to never take a loan against your 401k. After all, the purpose of establishing a retirement plan is to save money for your retirement. There is also the fact that, when you remove funds from your account before you reach retirement age, you will likely incur fees for removing the money too […]
Borrow from an IRA – Is it Possible?
If you borrow from an IRA, that is considered a distribution. You should not take a distribution unless you’re at least 59 1/2. Instead, use the Solo 401(k) loan, up to $50,000.
