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No, members of the Ohio Public Employees Retirement System (OPERS) cannot borrow against their retirement fund. However, they may be eligible for a loan from their account if they are part of the OPERS defined contribution plan. Members of the OPERS traditional pension plan cannot take loans but can withdraw their contributions under certain conditions after terminating employment. Always consult with OPERS or a financial advisor for specific options and requirements.

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2mo ago

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Can you borrow against a pension fund?

Yes, it is possible to borrow against a pension fund in some cases, but it is not always recommended as it can have negative consequences on your retirement savings.


What does the acronym OPERS stand for?

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Can you grant yourself a mortgage with funds from your own drawdown pension as a way of buying an investment property?

No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.No. You cannot grant yourself a mortgage. There must be a separation of title.If you could create a trust to hold title to the real estate you may be able to borrow from your pension fund in the name of the trust. To create a trust you need to consult with an attorney. You may also be allowed to borrow money to purchase real estate from your pension fund. To find out whether you can borrow from your pension fund you need to ask the fund administrator.


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