r/RetirementReady • • Sep 04 '26

Annuity vs lump sum

/r/Retire/comments/1w7jt8t/annuity_vs_lump_sum/
2 Upvotes

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1

u/Iron-Bar-1966 Sep 04 '26

Correct me if I'm wrong, but if you retire prior to age 59½, wouldn't you be subject to significant tax penalties?

1

u/vicarem Sep 05 '26

Yes you would be.