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Big Show

Sep 17 2002, 03:19 PM

I was surprised at how much research trouble I had trying to find the answer to this relatively straight-forward question: Can SIMPLE plans, whether they be IRA or 401k, have loan provisions? Am I correct that SEP's cannot allow for loans?

Thanks

R. Butler

Sep 17 2002, 03:28 PM

SIMPLE 401k's can have a loan provision, SEPs and SIMPLE IRAs cannot.

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