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	<title>New answer on: Can I Take A Loan From My Retirement Plan?</title>

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		<title>By: David Racich</title>

		<link>https://www.insurancelibrary.com/retirement-plans/can-i-take-a-loan-from-my-retirement-plan</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Fri, 07 Jun 2013 19:09:10 +0000</pubDate>

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		<description><![CDATA[It depends on the type of plan and whether it’s qualified or non-qualified plan. Most qualified plans have plan provisions for participants to borrow money at a stated interest rate. Once you borrow, most plans will require you to pay off the loan before any transfers to another qualified plan. Non-qualified retirement plans that use cash value life insurance can access accumulations at a low interest rate. Keep in mind that if the policy is surrendered or lapses, the loans in excess of the original basis will be taxable. At ordinary income tax rates.

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