Can You Take A Loan From A Retirement Plan? 
Qualified retirement plans have loan interest charges and loan procedures that allow plan participants to borrow from their accumulated values . Keep in mind that if you terminate from the plan or transfer to another qualified plan all loans and interest are due . If you terminate from the plan the loans will be re-characterized as ordinary income and are taxable in the year of termination . Terminating before age 59 will also trigger a 10 % penalty . 