Take a loan from your retirement plan while business is slow

Updated: Apr 22, 2020

If your one-person business is hurting during the shelter-in-place order, and you need some money to help tide you over, watch this video to see if taking a loan from your own retirement account might be a good option for you. Contact me if you would like to learn more:

Update for the CARES Act: As of March 27, 2020, the limit has been increased to 100% of the account balance, or $100,000, whichever is less. This increased limit is only available for loans taken out within 180 days from March 27th. Please contact us for additional information, rules and guidance.

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