You Can Borrow From Your Solo 401k
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YouTubeMark J Kohler
You Can Borrow From Your Solo 401k
Here’s one of the best-kept secrets about the Solo 401k — you can actually borrow from it. Unlike an IRA, where you’re locked out until age 59½, a Solo 401k lets you: 💡 Borrow up to 50% or $50,000 (whichever is less) 💡 Use the money for opportunities or emergencies 💡 Pay the loan back with interest — to yourself 💡 Keep all ...
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