Visit the AARP Eye Center for the latest news and information about your vision health.
From the AARP Bulletin Print Edition, November 1, 2009
Q. I’m retired and need a loan. Can I get it from my 401(k)?
A. It depends on your plan and whether it allows you to take a loan in retirement. Typically, loans are taken by employees and repaid with paycheck deductions. But if you’re retired, you don’t get a paycheck. Ask your plan’s administrator if repayment can be set up through your checking account, and ask your financial adviser how the loan could affect your tax and investment situation.
Source: David M. Snetro
Please leave your comment below.
You must be logged in to leave a comment.
Members can take a free confidential hearing test by phone.
Exclusive program for members from The Hartford.
25% off the first healthy meal delivery of $99+.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at