Solo 401k Loan and Distribution Resources IRS

QUESTION: I'd like to get more information on a solo 401k loan and/or solo 401k hardship withdrawal from a solo 401k.

ANSWER:

Please read following pages from our website and IRS website regarding 401k loan rules and the process.

http://www.mysolo401k.net/Solo401kLoan.html

http://www.mysolo401k.net/Borrow-from-solo-401k.html

http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Loans

For solo 401k distribution rules, please read following pages from our website and IRS.

http://www.mysolo401k.net/Blog-for-MySolo401k.html?entry=making-solo-401k-distributions

http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Hardship-Distributions

We can then schedule a time to discuss the solo 401k rules tomorrow as we are open on Saturday, or sometime next week.

Thanks,

Jane in Virginia

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