Can I Borrow Money From My Retirement Plan? 
There are two main retirement plans : qualified and non-qualified . Qualified plans allow for participates to borrow from their plans at a stated interest rate . But just keep in mind that if you change jobs the plan may call for you to pay back the loan before you transfer it to another . Non-qualified plans that use annuities or life insurance are generally individually owned . Annuities may allow a withdrawal -LRB- not a loan -RRB- without surrender charges , but are subject to tax on the gain and a 10 % penalty if youre under age 59 . Permanent life Insurance allows borrowing at an interest rate and may not , if the policy has performed , require the loan to be repaid . 