The ability to get cash from your retirement plan is a major benefit of the Solo 401k. On this training, we discussed taking a participant loan.
Topics covered:
– What is a participant loan?
– How does it work?
– Who sets the interest rate?
– What are the loan repayment terms?
– What happens if I make payments late?
– Can I have more than one loan out at a time
– How to take a participant loan from your Nabers Group Solo 401k
– …and more
Interested in seeing how a participant loan can work for you? Contact the Solo 401k Experts today at …(read more)
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When you take out a 401k loan does it reduce the account balance until it is repayed, or is the loan simply secured against your total account balance without directly drawing from the funds?
Amazing presentation.
Definitely what I need