Withdrawals

Option 3
Take a withdrawal



If you're feeling a big pinch in your wallet, you're not alone. But before you withdraw money from your plan account, remember that the long-term impact on your savings may not feel very good either. See the table below to make sure you have the full story before deciding what to do.

Questions are understandable.
So ask away before you take away an opportunity to keep your money growing tax deferred inside your account.

For more information, please consult your financial professional or call us at 1-800-584-6001.
 

Compare Your Options Side-by-Side
Option 3
You can also take a distribution from your account if you...
Option 2
You may want to roll your money into an IRA if you...
Option 1
You may want to leave your money in the plan if you...
  • Need cash immediately for an emergency and have no alternate sources of funding
You should also be aware that you will?
  • Pay taxes and possible penalties on your withdrawal, significantly reducing the final amount you receive
  • Miss out on the long-term growth potential and tax advantages of keeping your money in a tax-deferred account
  • Prefer a broader selection of investment options
  • Want to consolidate money from multiple retirement accounts
  • Are interested in other services from the IRA provider
  • Want your contributions and earnings to continue growing tax free until retirement
  • Like your plan's current investment options and services
  • Want to keep your money in the plan while considering all your distribution options
  • Feel you're paying reasonable investment fees compared to other qualified retirement plans
  • Want your contributions and earnings to continue growing tax free until retirement

Have questions about your distribution options or partial withdrawals?
Want to learn more about your IRA options?
Need a refresher on the features and benefits of your plan?

 
 
 
Get the information you need.
Consult your financial professional or call us at 1-800-584-6001.


Proceed with your transaction

 

Early withdrawals taken prior to age 59½ may be subject to a 10% federal penalty. Money distributed from your account will be taxed as ordinary income in the year the money was received. Account values fluctuate with market conditions, and when surrendered the principal may be worth more or less than its original amount invested.

We do not offer legal or tax advice. Seek the advice of a tax attorney or of a tax advisor prior to making a tax-related insurance/investment decision.