How To Borrow From A Retirement Plan? 
Retirement monies are meant for your golden years . borrowing against your future is altering the lifestyle in your senior years . That said , there are emergencies that may be beyond your cash reserves and your retirement monies may be the only resource available . Most plans charge interest and require a repayment schedule . All loans must be repaid before any transfer to another plan . If your terminated , your loans must be repaid or the the plan administrator may issue a 1099 . 