Can I take a loan from my AIG Retirement account?

Asked 6 months ago
Yes, you can take a loan from your AIG Retirement account. AIG Retirement offers loan provisions allowing participants to borrow against their account balance. This loan option allows you to access a portion of your retirement savings for various reasons, such as home renovations, education expenses, or unexpected financial needs. However, it is important to note that borrowing from your retirement account should be considered a last resort, as it may impact your long-term financial goals and potential growth. Additionally, specific terms and conditions, such as interest rates and repayment terms, may apply when taking a loan from your AIG Retirement account. It is advisable to review the loan guidelines and consult with a financial advisor to fully understand the implications before proceeding.
Answered Nov 1, 2023

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