Are There Any stipulations To Borrowing From A 401k After Age 65?

This question would depend upon a number of factors. Are you still employed would be important because the loan has to be repaid. The plan administrator would be a good place to begin. How long does the person plan to continue working is another consideration. A 401 k loan has a five year payback period and some plans would demand a complete repayment if the person retired before the loan was repaid. At Self Directed Retirement Plans we create self directed 401 k plans for our self-employed clients. With this type of plan, there wouldn’t be stipulations.