Comments on: How do I get out of my YMCA retirement fund? http://theretirementhelpcenter.com/retirement/how-do-i-get-out-of-my-ymca-retirement-fund Answers to all your questions about retirement. Thu, 11 Mar 2010 04:16:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: v b http://theretirementhelpcenter.com/retirement/how-do-i-get-out-of-my-ymca-retirement-fund/comment-page-1#comment-679 v b Mon, 23 Feb 2009 15:11:56 +0000 http://theretirementhelpcenter.com/retirement/how-do-i-get-out-of-my-ymca-retirement-fund#comment-679 The money YOU put into the YMCA retirement accounts will be made available to you to roll over to another retirement account--but only if you LEAVE your job. This can be an IRA and yes, if you are foolish enough to wipe out your retirement savings, you can dip into it. The money the Y put into the account is intended for retirement. Thus if it's over $25,000, it's either staying with them or it's going to purchase an annuity. Either way, you will get it at retirement (age 55 at the earliest). This was the Y's money, they get to make the rules (many retirement plans work this way). The money YOU put into the YMCA retirement accounts will be made available to you to roll over to another retirement account–but only if you LEAVE your job. This can be an IRA and yes, if you are foolish enough to wipe out your retirement savings, you can dip into it.

The money the Y put into the account is intended for retirement. Thus if it’s over $25,000, it’s either staying with them or it’s going to purchase an annuity. Either way, you will get it at retirement (age 55 at the earliest). This was the Y’s money, they get to make the rules (many retirement plans work this way).

]]> By: src50 http://theretirementhelpcenter.com/retirement/how-do-i-get-out-of-my-ymca-retirement-fund/comment-page-1#comment-678 src50 Mon, 23 Feb 2009 11:55:36 +0000 http://theretirementhelpcenter.com/retirement/how-do-i-get-out-of-my-ymca-retirement-fund#comment-678 Depends on the specifics of the plan. Are you talking about a pension plan, a 401(k) or what? Depends on the specifics of the plan. Are you talking about a pension plan, a 401(k) or what?

]]>