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Individual 401k Loan Provision
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5/22/2010 8:00:01 AM
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5/22/2010 4:33:17 AM
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About Individual 401k Loan Provision
Individual 401k Loan Provision
The Solo 401(k ) plan is available to any individual who is already a business The plan document has a loan provision permitting you
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take
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a loan . This is not anautomatic feature of the Solo 401k . Tax free loans are permitted in an Individual 401k up to
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of the. af13b5414e 17 Aug 2006 Be aware that Schwab Individual 401k does not have loans available, . Loans are permitted in
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Individual 401k.
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Individual 401k is ideal
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youwould like to take advantage of the loan provision .
Loans are limited up to 50% of the. Provided the plan document has a loan provision
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you are
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to have a loan . Features: In 2009 and 2010 there is 000 maximum contribution (500 if age50 due to a"catch-up" provision
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