Tag Archives: borrow from solo 401k

Solo 401k

Borrowing Against 401k | Can you pledge 401k as collateral?

February 3, 2017 | By George Blower

Borrowing Against 401k Question: My Solo 401k funds are in a brokerage account at Fidelity.  This is a great option for me as I have a strong comfort level with Fidelity as I have had a brokerage account there for years.  On occasion, I will tap a line of a credit secured by my brokerage […]

Solo 401k

Solo 401k Loan Interest Rate Increase Prime Rate Plus One

January 20, 2017 | By Mark Nolan

The cost of borrowing form your solo 401k plan just increased from 4.50% to 4.75%. In several communications, the IRS has consistently stated that a fair interest rate payment on a 401k participant loan is the prime rate plus one point.  The new prime rate of 3.75% went into effect this week.  It was previously […]

Solo 401k

Solo 401k Participant Loan Facts: Borrowing from My Solo 401k

October 19, 2014 | By Mark Nolan

Once the solo 401k has been funded, there is no waiting period for processing a solo 401k participant loan. You, as trustee/participant can take a loan/borrow from Solo 401k for any reason. Following are some quick facts regarding the solo 401k participant loan rules. Each participant can borrow from the solo 401k provided each has […]

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