Getting Started

Understanding Plan Loans

Challenging economic times spur many retirement plan participants to consider borrowing from their retirement plan. Before you do, research the pros and cons, some of which may surprise you.

Employer sponsored plans provide a convenient and effective way to fund your retirement. Don’t shortchange your golden years by treating it like a checking account.

Before you apply for a loan from your account, consider the pros and cons of your decision. In some cases a loan from your retirement account truly is the best option, but be aware of the consequences.