borrow

Usually I write about stuff that I recommend doing. In this post, I want to look at something that is possible, but not recommended under most circumstances. With hard economic times, there are a lot of people trying to find ways to borrow from their retirement funds. Many 401k accounts allow this, but what if your money is in an IRA? You'll probably want to ask: "Can I borrow from my IRA?"  Well, can you borrow from your IRA? Or perhaps, can you borrow against your IRA's value? Technically, no. But there is a short-term loophole that you can use if you have no other option. In this post, we are going to explore the loophole. Individual Retirement Accounts An individual retirement … [Read more...] about Borrow from your IRA