This is a pretty difficult question to answer in a forum like this. I highly recommend that you speak to a professional one-on-one to completely evaluate your needs and to see if you can borrow - and if so, if it would be financially smart to borrow from a retirement fund. Feel free to contact me if you have no one else.
To give you a little idea if you could however, here are some guidelines:
Most retirement funds are NOT AVAILABLE to borrow from. If you have a Defined Benefit or a Cash Balance Benefit, you can not borrow from it. You can move your funds to a different account, with professional guidance to avoid penalties. But with these types of accounts, you usually can not touch until you retire.
If you have a Profit Sharing account or a 401K - you MAY be able to borrow depending upon the rules of the company that it is through and/or the rules of the company you work for. Again, however, most will not allow you to borrow. If they do, typically you can only borrow 50% of YOUR contributions (not what your company contributes) or $10k, whichever is less.
Again, this is a very difficult and technical topic to get a solid answer here. Look me up if I can be of any further help.
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To give you a little idea if you could however, here are some guidelines:
Most retirement funds are NOT AVAILABLE to borrow from. If you have a Defined Benefit or a Cash Balance Benefit, you can not borrow from it. You can move your funds to a different account, with professional guidance to avoid penalties. But with these types of accounts, you usually can not touch until you retire.
If you have a Profit Sharing account or a 401K - you MAY be able to borrow depending upon the rules of the company that it is through and/or the rules of the company you work for. Again, however, most will not allow you to borrow. If they do, typically you can only borrow 50% of YOUR contributions (not what your company contributes) or $10k, whichever is less.
Again, this is a very difficult and technical topic to get a solid answer here. Look me up if I can be of any further help.