Forum Calcionapoli

 Want to borrow from your IRA?  all of your financial advisors will tell you it’s not possible. Technically they’re right, but they probably don’t know about the loophole that allows you to borrow money from your IRA. The government allows you to roll your retirement funds over from one account to another. During this period of time you can use the funds as you see fit. The only caveat is that you have to have it back within the window. If you don’t you’ll be subject to taxes and fees.

Usually this is not recommended. It’s probably a bad idea to use your retirement in this way. The risks are high if you’re unable to get a new account open and funded correctly within the allotted time. Still it’s good to know what’s possible in all the different ways you can use your hard earned money that you set aside for the future.