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Can you cash out a pension plan?

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Can you cash out a pension plan?
There are a million different types of pension plans, and the term is even applied to many that really aren't. Many do allow cash out...many don't and many can't (by law). Most may have some type of penalty (to them and or the IRS) if done before retirement age, although sometimes certain hardships can overcome that. Ask the plan administrator about your specific one.
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