BLOG
How to borrow money from a retirement plan, is this possible?
Top 5 questions about retirement funds
#1 I would like to borrow some money from
my retirement plan, is this possible?
| If you have a regular IRA you are strictly out of luck.
The standard IRA tax code forbids borrowing any money on a personal basis. Good news! A Freedom First 401k legally allows you to borrow up to $50,000 and use the money for anything you want and as long as you follow the rules: you have up to 5 years to get the loan paid back in full. If your spouse has money in the plan they have the same borrowing privilege. If you need money to pay off those high interest credit cards, finish a fix and flip, pay for college, improve your house, this may be the source of cash you’ve been searching for. USE YOUR Retirement Funds for RE Investing and education…TODAY. Don’t be AFRAID to do it now.I DID IT AND IT WAS ONE OF THE SMARTEST STEPS EVER MADE IN MY CAREER. I fund all of my houses through my accounts! Plus you will learn how to create a TAX FREE funding source. Listen to a short audio explanation and Get a FREE consultation Ask about Health Savings Accounts, Educational Savings Accounts and IRA Plans too.
P.S. In less than 3 weeks you can GET ACCESS TO YOUR money … Just fill out this consultation form today You want to Get ready for tax season and get a big deduction! |