CARES Act and the Solo 401(k) Loan
![CARES Act and the Solo 401(k) Loan 1 CARES Act and the Solo 401(k) Loan](https://www.irafinancialtrust.com/wp-content/uploads/2020/05/cares_act_and_the_solo_401k_loan.jpg)
The CARES Act and the Solo 401(k) Loan provision is a great way for the self-employed to borrow funds in light of the COVID-19 financial crisis.
You Can Borrow from Your Solo 401(k) But be Careful
![You Can Borrow from Your Solo 401(k) But be Careful 2 you can borrow from your Solo 401(k)](https://www.irafinancialtrust.com/wp-content/uploads/2019/12/you_can_borrow_from_your_solo_401k.jpg)
You can borrow from your Solo 401(k), but it is never advised to remove money from your retirement savings. So, the loan should be used as a last resort.