Can I take a loan from my retirement plan account?
Asked 6 months ago
Yes, you can take a loan from your retirement plan account with JP Morgan Retirement Plan Services. Depending on the rules of your specific retirement plan, you may be eligible to take a loan against your vested account balance. The loan is typically subject to certain limitations, such as a maximum loan amount or a requirement to repay the loan within a specified time frame. Taking a loan from your retirement plan can provide access to funds for large expenses or emergencies, but it's important to consider the potential impact on your long-term retirement savings. Consult your plan documents or contact JP Morgan Retirement Plan Services for specific details and to understand any potential fees or tax implications associated with taking a loan.
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