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Can I withdraw money from my investment account?

Borrowing Money from Your Account The loan feature allows you to borrow from your Deferred Compensation Plan (DCP) account balance and pay back the loan, plus interest, through automatic payments from your bi-weekly paycheck (for active City employees only).

Can you take money out of your MissionSquare Retirement account?

You are eligible to make withdrawals without penalties or fees from a traditional IRA at age 59, but you can also wait until you are older. For traditional IRAs you must begin taking withdrawals, or Required Minimum Distributions (RMDs), starting at age 73*, (or 72 if you were born before July 1, 1949).

Can you rollover a deferred compensation plan?

Thank you for saving your retirement assets with ICMA-RC. If you have separated from service with the plan sponsor, you are eligible to withdraw funds from your account at any time, but you are generally not required to take withdrawals until after you attain age 70.

Can I withdraw money from my ICMA account?

Disadvantages of an IRA rollover Creditor protection risks. You may have credit and bankruptcy protections by leaving funds in a 401k as protection from creditors vary by state under IRA rules. Loan options are not available. Minimum distribution requirements. More fees. Tax rules on withdrawals.

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