Ask a Fool: How much can I borrow from my retirement accounts?
Question: I have some high-interest credit card debt and was considering a loan from my retirement account to pay it off and save money on interest. How much can I borrow, and is it a good idea?
Answer: If your plan administrator allows it, you can borrow from your 401(k). The maximum you're allowed to borrow is $50,000, or half of your account's value, whichever is less, but if your account is worth less than $10,000, you may be allowed to borrow the entire amount.