![]() ![]() Includes Lazerbass, Carbon 2, Space Drone, Newscool Streamlined versions of Analog Dreams, Hybrid Keys and Ethereal Earth If you have any questions about when you can expect to start receiving payments from your USAA retirement plan, it's important to speak with a financial advisor or a representative from USAA directly.Includes Acoustic, Band, Beats, Choir, Orchestral, Synth, Vintage Overall, the timing of retirement pay for USAA plans varies depending on the specific plan and payment option you select. However, there are certain exceptions that may allow you to avoid the penalty, such as disability or certain medical expenses. It's important to note that if you withdraw money from your USAA retirement plan before age 59 and a half, you may be subject to a 10% penalty on the amount withdrawn, in addition to any taxes due on the distribution. Some plans may also offer the option of a lifetime annuity payment, which guarantees a certain amount of income each month for the rest of your life. ![]() Many plans offer the option of either a lump-sum distribution or regular installment payments, such as monthly checks. If you have a USAA employer-sponsored retirement plan, such as a 401(k) or 403(b), the timing of your retirement pay will depend on the terms of your plan. ![]() The payments will typically begin when you reach age 59 and a half, although you may be able to start receiving payments earlier if you qualify for certain exceptions. For example, if you have a USAA IRA, you may choose to receive your payments monthly, quarterly, semi-annually, or annually. The timing of retirement pay for USAA plans depends on the specific type of plan, as well as the payment option you select. ![]() One question many USAA retirement plan participants have is about when they will receive their retirement pay. USAA also offers retirement plans, including traditional and Roth individual retirement accounts (IRAs) and employer-sponsored retirement plans. USAA, short for United Services Automobile Association, is a financial services company that provides banking, insurance, and investment services to current and former members of the U.S. ![]()
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