can you borrow against your ira
Deposit the amount you borrowed into an IRA within 60 days of your withdrawal. You can deposit the funds into the account from which you withdrew the money or an entirely new account. 1  If you return the money you withdrew from your IRA within 60 days, you won't have to pay taxes on it.ow to Borrow Against a Roth IRA. Get the cash you need from your own IRA. When you need a significant sum of money, your first thought may be to borrow against money you already have.