How can I Borrow Rollover IRA Money?
A rollover IRA is when you transfer your retirement funds from your previous employer to your own individual retirement fund. You usually can do a rollover only when you are leaving your job for another one, opening your own small business, or - of course - retiring.
When you borrow money from it, what you are doing is an “indirect rollover”, which can be used to borrow money from the IRA, with a strict limit of once per year. Read the rest of this entry »
