Can I Borrow Money From My Retirement Plan? 
Can you borrow money from a retirement plan ? It 's going to depend on the plan that you are participating in . Since the term borrowing is involved , I will assume this is about borrowing from a 401k plan . The ability and the reasons allowed for borrowing are set by both government and administration of the plan . The government has some straight forward situations where loans can be granted . What a retirement plan committee can do though is add acceptable reasons for loans . The question becomes even if loan provisions are offered , should you use this as a source of loans ? Only as a last resort . Even though you get to pay yourself back at low interest , you have removed money from your investment pool that could earn more than a low interest rate . So you could be losing money by doing this . Then if for any reason you separate employment the loan balance is immediately due . and could be considered a distribution subject to penalty . Last choice . 