Jason Preti, CFP®
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No, you can't "borrow" from a traditional IRA account. There is a way to get access to the funds for 60 days (look up 60 day rollover) but it is not a recommended tactic. Generally, once you deposit funds into a traditional IRA any time you make a withdrawal it's for good.
If you are talking about a Roth IRA, however, there is a way to gain access to your contribution amount without paying penalties. Roth IRA accounts (Not a Roth 401k) do allow you to take out your contribution at any time. So if you have contributed $5,000 each year for 5 years you'll be able to withdraw up to $25,000 at any time. Again, not ideal because this is your retirement account but in an emergency it's available.
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