California  |  Investment Law

Legal Question

Asked on: 4/08/13, 2:48 pm

I am vested in an annuity retirement plan into which my employer pays a specified amount for every hour that I work. This is all in accordance with the local union contract under which I work. My question is, how can I obtain this money so that I can invest it in my new, desired career? When I have called the annuity's call center I was told that I can only access the money at age fifty five and at that age it would only be a loan. I have accrued a little more than two hundred thousand dollars over eleven years and understand that there may be penalties and taxes assessed. Thank you, James

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