Can You Borrow From 457 Retirement Plan?

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   David RacichPRO

   Fountain Hills, Arizona

   You can borrow from 457 retirement plans. The minimum loan is $1,000 and the maximum is set by the IRS. There are also loan interest rate charges to consider. You can generally borrow once a year. The loan is generally set to be repaid no longer than five years. There are cautions when you borrow from any qualified or non-qualified plan like 457s. 
   
   

   Answered on July 1, 2013

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