CARES Act and the Solo 401(k) Loan
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 it is never advised to remove money from your retirement savings. So, the loan should be used as a last resort.