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May a teacher withdraw money from a 403-b plan before the age of 59-1/2?

Posted on: 02nd Apr, 2009 12:49 pm
I am required to put my unused sick day buyout and insurance opt-out money into a 403-b when I retire at the age of 55. May I withdraw that money without penalty before the age of 59-1/2?
Hi cmcmahon!

Welcome to forums!

As far as I know, you will have to pay a penalty if you withdraw money out of your 403-b retirement account before 59-1/2 years of age.

Posted on: 02nd Apr, 2009 07:38 pm
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