Can You Withdraw From Your Retirement Plan?

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One response to “Can You Withdraw From Your Retirement Plan?”

1. 

   May 28, 2013

   Larry Gilmore

   Can you withdraw from your retirement plan?   It’s actually going to depend on what your retirement plan actually is. In most cases a provision allows for withdrawals from a plan, though the retirement plan participant may incur a 10% penalty from most plans for withdrawing funds. In some cases there may be more involved details.

   A retirement plan actually is one of the last places to visit when looking for funds. There are some pitfalls to borrowing or surrendering from your retirement plans.