From Our Members: Can I pull out funds before I retire?

Recently, a member emailed the following question to our infobox: "What are my payout options as it relates to my retirement fund? For example . . . if I needed car repairs, could I pull some out for that?" My immediate thought was to respond with a solid "NO," but then I started thinking about situations which allow a member to receive their own contributions before reaching normal retirement age.

Tagged separating from employment, Borrowing, quitting; leaving; terminating; employment

From Our Members: Can I Borrow Money from My LAGERS Account?


Tagged Borrowing, Defined Benefit, Defined Contribution, 401(k)

Contact LAGERS

M-F: 8:00 a.m. - 5:00 p.m.