The IRS rules and regulations state the highest amount you are allowed to borrow from all of your 403(b) and 457 accounts aggregated is as follows:
- Up to $50,000 in the twelve month period prior to the loan, reduced by any amount of outstanding loan(s).
- Not more than 50% of your vested account present value unless the account value is less than or equal to $10,000.
- If the account value is $10,000 or less you may take a loan out for the total vested account value.
The amount of loan you are allowed to take can be further limited by the Plan document and can also be further limited by the investment provider’s investment contract, including the option not to allow loans.
