Alloy Silverstein Client Alert Fall '97

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Client Alert - Summer 1998

Borrowing From Your Retirement Plan
by: Anne D'Amico, CPA

Many retirement plans offer participants the ability to borrow against their account balances. Before you take this step, however, please review the plan provisions and contact your plan administrator. There are strict repayment rules, including term of the loan, rate of interest and penalties for default. Be aware of the regulations before you take out a loan, not afterwards. w

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