Do you have money sitting in your IRA account that is stagnant or not making a return? Similarly, are you in the military and have the same situation with your Thrift Savings Plan?
This week’s PCI Teaches 📝 looks at…
Part 2: Using your Thrift Savings Plan or using Existing IRA Money for Hard Money Loans
Hear the highlighted points of…
✅ The definition of “hard money loan” using your IRA
✅ Restrictions that apply for using IRA funds for a hard money loan
✅ Taking a loan against your Thrift Savings Plan (TSP)
✅ How COVID has changed some regulations regarding use of retirement funds for alternative investments
Remember, this is part two of a three-part series! Tune in next week for Part 3 on what an eQRP is and how to use one.