Is it possible to take out a loan from my retirement account?

Yes, it is possible to take out a loan from your retirement account with certain restrictions and conditions. Prudential offers retirement plans that may allow participants to take loans from their account balance. However, the availability and terms of the loan depend on factors such as the specific retirement plan, government regulations, and individual circumstances. Generally, there are limits on the loan amount, which is typically a percentage of your vested balance. Retirement loans usually need to be repaid within a specified time frame with interest. It's important to carefully review the terms, potential impact on your retirement savings, and tax implications before considering a loan from your retirement account. Prudential provides resources and guidance to help participants make informed decisions regarding their retirement plans.