Distribution options
Depending on your employer’s plan provisions, your withdrawal options include:
- Transferring your vested account balance to another tax-advantaged plan that accepts rollovers
- Receiving systematic or partial withdrawals
- Taking a lump-sum distribution
- Choosing one of the many annuity options available from Corebridge Retirement Services, inside the plan or via rollover
- Required Minimum Distribution (RMD) withdrawals
Generally, income taxes must be paid on all amounts you withdraw from your plan. Federal restrictions and a 10% federal tax penalty may apply to withdrawals prior to age 59½.
Qualified distributions from a Roth account are tax-free. Generally, a qualified Roth distribution is a distribution that:
(1) is made five tax years or more following the date the first Roth contribution was made to the plan and
(2) is after attainment of age 59½, death, or disability.
Consult your financial professional for more specific information.