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Open Forum: Answering your Self-Directed Account Questions

Directed IRA Podcast

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Can I Borrow From My 401k to Support Expenses in My S-Corp?

Chitan: Can I borrow from my 401k to support expenditures in my S-Corp and get a deduction for the loan payback? Jaron Bergus: You can borrow half the balance of your 401k not to exceed 50 grand. A-A-ron: Life insurance technically is phenomenal, but if you don't keep up on it, it falls apart. We want to build that 401k to grow and build wealth not to pay off debt.

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