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| Subject:
Retirement Account / Financial Planning
Category: Business and Money > Small Businesses Asked by: skippy_p-ga List Price: $20.00 |
Posted:
23 Jan 2003 15:35 PST
Expires: 22 Feb 2003 15:35 PST Question ID: 147684 |
I have a Keough retirement account. With some 401/403 accounts, its possible to borrow against the monies in the account. I'ld like to do this with my Keough. Is there a way to borrow against my funds in the Keough account? Either directly or by converting the Keough to another type of account? |
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| Subject:
Re: Retirement Account / Financial Planning
Answered By: sweetcaro333-ga on 24 Jan 2003 20:31 PST |
Dear skippy_p-ga, Unfortunately you cannot borrow against or from a Keough retirement account. However, if you convert your Keough account to a Self-Employed 401(K) you will be able to borrow up to 50% or $50,000 against this account. You may download the documents to convert to a Self-Employed 401(K) here: http://www.investsafe.com/keogh.html Related links: http://www.fool.com/ Sincerely, sweetcaro333-ga |
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