Can I take a loan from my AIG Retirement account?

According to general policies regarding retirement accounts, many retirement plans do offer the option for participants to take loans against their account balances, and this may also apply to AIG Retirement accounts. However, the specifics can vary depending on the type of plan you have, such as a 401(k) or a different type of retirement account. Typically, if loans are allowed, there are rules governing how much you can borrow, the repayment terms, and the interest rates that apply to the loan. It is important to note that while taking a loan from your retirement account can provide immediate access to funds, it is advisable to carefully consider the long-term implications. For instance, failing to repay the loan according to the terms may result in taxes and penalties. To determine whether loans are available to you and to understand the specific terms and conditions, it is best to consult the documentation related to your retirement plan. You may also find relevant contact information or further guidance by visiting the current web page at www.aig.com/retirement. This will help ensure that you receive the most accurate and up-to-date information regarding your account options.