Here is how to increase your purchase power with COVID 401K Loan

[Jeremy Anan]

Typically, you can take a loan of up to $50,000 or 50% of your 401K vested account, whichever is higher. However, the coronavirus relief bill — the CARES Act — temporarily doubled that amount to $100,000. The term of the loan is usually five years.

Investors with W2 job, are you taking advantage of this to increase your capital/purchase power?