Accessing your money before retirement
Withdrawals
This plan was established to replace the Social Security tax. Federal restrictions and a 10% federal early withdrawal penalty might apply to withdrawals prior to age 59½.
Generally, you can withdraw the value of your vested account balance in the following circumstances:
- Retirement or severance from employment
- Your death or total disability
- Qualified birth or adoption withdrawal within one year from the date of birth or adoption (not subject to the 10% early withdrawal penalty)
In-service withdrawals
Amounts rolled over into this plan may be distributed at any time.
Involuntary distributions
If your service is terminated, immediate distribution of your vested interest in the plan may be made without your consent, regardless of the amount.
Distribution options
Corebridge Retirement Services offers many distribution options, allowing you to tailor your benefits to meet your individual needs. Depending on your employer’s plan provisions, your withdrawal options include:
- Transferring or rolling over your vested account balance to another tax-advantaged plan that accepts rollovers
- Receiving systematic withdrawals
- Taking a lump-sum distribution
- Choosing one of the many annuity options available
Generally, income taxes must be paid on all amounts you withdraw from your plan.
Consult your financial professional for more specific information.
