CARES Act – 401k Loan

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June 24, 2020 at 4:04 pm #42923

Michael O’Leary
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In order to take out a 401k loan of up to $100K, is the requirement to be a “qualified individual”:

1) Someone diagnosed with COVID?
2) Spouse of someone diagnosed?
3) Furloughed, quarantined or laid off due to COVID?
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