How To Borrow Money From Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   Before borrowing from your qualified retirement plan, find out the loan interest charge and repayment schedule. In addition, you need to know the rules of engagement on a loan. Most plans will require you to pay back the loan before transferring it or if employment is terminated. So know you plan before moving forward with borrowing from what is suppose to be your income for your golden years.

   Answered on July 14, 2013

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