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Can I turn my Retirement/Pension Account (non-IRA, non-401K) into cash?

Can I turn my Retirement/Pension Account (non-IRA, non-401K) into cash?

I'm not allowed to withdraw from it until 2020, and it's currently worth about $120,000. (It's a TIAA-CREF Retirement Account, from a State job I had 20 years ago.)

If the answer is Yes, how much should I realistically be able to monetize it for?

Alternately, could I take a loan out against it?

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Answers (4)
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Feb 12, 2017
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Carson Grant Loan Company
Affordable Loans
Los Angeles County, CA

DO YOU NEED A LOAN TO START A BEFITTING NEW YEAR!!!!!!

Are you a business man or woman? Are you in any financial stress? Or do you
need money to start your own business?

Do you have a low credit score, and you will find it difficult to get loans
from local banks and other financial institutions? solution to your
financial problem is Dr. Carson Grant The Terms and Conditions are very simple
and considerate.You will never regret any thing in this loan transaction because i will
make you smile through out this transaction, because you where not born to be a loser

Email (carsongrantloanhome@gmail.com)

Our services include the following:

* Personal Loans
* Debt consolidation loans
* Possibility
* Business Loans
* Education Loans
* Mortgage
* Home Loans

We offer loans at 2% interest rate

We offer loans to people in need of financial assistant with a low interest
rate of 2%. In order to get a loan with this company, you can tell the exact amount of
loan you need and the time in which you can pay back the loan.

NOTE: You are required to email us on:(carsongrantloanhome@gmail.com)

Feb 12, 2017
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Aug 19, 2016
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It depends on each individual pension plan, but with it being funded by a government the answer is most likely no. There should be an HR contact that would be able to point you in the right direction of how to find that out.

That being said, it is definitely not something I would recommend unless is it absolutely needed. Generally, early withdrawals are not only taxed for income (take money out could also raise your income bracket), but there are early withdrawal penalties as well (usually 10%).

If you'd like me to do more research for you, email me at thomas.elrod.jr@ms.com

Sep 16, 2013

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