Can I take a loan from my retirement plan?

Yes, you may be able to take a loan from your Franklin Templeton retirement plan. The availability and terms of loans may vary depending on the specific plan you are enrolled in. Generally, these loans allow you to borrow up to a certain percentage of your vested account balance, typically with a maximum limit. However, it's important to note that not all retirement plans offer this option, and there may be certain restrictions and requirements in place. Loan repayment terms and interest rates will also differ, with specific guidelines and conditions set by your plan. It is recommended to consult your plan's documentation or reach out to a Franklin Templeton representative for detailed information about loan options and eligibility.