How do I get my pension payout?
- take a pension annuity and receiving a monthly check; or, if your employer allows,
- take a lump-sum distribution, which you will need to invest and manage: lump sums can be rolled into an IRA, where you are taxed only on money you decide to take out.
Can I cash in my pension at 35?
The first factor affecting when you can withdraw your pension is your age. Generally, you’ll need to wait until you’re 55 to access your
Private pension – Wikipedia
– this includes most defined contribution workplace pensions. You won’t be able to access your State pension until you reach State pension age – currently 66.
How long does it take to withdraw money from your pension?
How long does it take to receive a pension lump sum? Usually it will take around four to five weeks from the date of your request for your pension provider to release your lump sum.