Borrowing Accounts

Most qualified plans—such as a 401(k) or 403(b) plan—offer employees the ability to borrow from their own retirement assets and repay that amount with interest to their own retirement account. While most of us would rather not take money from our retirement plans until after we retire, we are sometimes left with no alternative. If you find yourself in a financial bind, you may be considering obtaining a loan to meet your immediate financial needs. The question then is, should you borrow from your retirement plan or should you look into other alternatives? The answer is determined by several factors, which we will review. We'll also look at the general guidelines for plan loans.

• Complementary accounts that work together to meet the demands of each individual's cash portfolio.
• Instant access to cash, free day-to-day transactions, and fee-free currency conversion are just a few of the benefits – visit individual account sites for more information.
• Except for the Cash Hub Account, which can only have two joint account holders, other personal accounts can have up to four joint account holders.