Y Retirement - The lifelong benefit of doing good
Access Your Y Retirement Savings

Your Financial Future
is Here!

The time has come for you to cash in (no pun intended) on all those years spent saving with Y Retirement so that you can enjoy life’s next chapter with confidence and anticipation. Depending on your age and balance, here are the options available to you. 

Your Financial Future

Access Your Y Retirement Savings

Start Your Lifetime Income

Start Your Lifetime Income

If you're at least age 55, you may be able to begin receiving your monthly lifetime income benefit from a Plan if your vested balance in that Plan is more than $5,000.

Learn More
Withdraw Your Savings

Withdraw Your Savings

There may be instances in which you can take full or partial lump sum withdrawals from your savings.

Explore the Options
Roll Your Savings Out

Roll Your Savings Out

You may be able to keep growing your savings outside of Y Retirement by rolling out into another eligible retirement plan or eligible IRA.

Learn More

Are you still working at the Y?

If so, you may have the ability to take a Loan or a Hardship Withdrawal, depending on your circumstances. 

Loans
Financial Hardship

Additional Considerations

Required Minimum Distributions

If you are no longer employed with a participating Y, once you reach age 73 you will be required to take annual minimum distributions from certain accounts in the Plans. During your lifetime, these Required Minimum Distributions—commonly known as RMDs—must be taken from all of your vested accounts in both the 401(a) Retirement Plan and 403(b) Savings Plan with the exception of the Roth Account and the Roth Rollover Account.

Taxes and Penalties

There is no tax withholding at the time that amounts are directly rolled over to an eligible IRA or eligible retirement plan. For most other withdrawals, Y Retirement is required to withhold 20% of the taxable portion of your withdrawal for federal income taxes. If you are under age 59½, the IRS may assess an additional 10% penalty at tax time. Contact us for more information.   

Not sure what you want to do yet?

Remember, you may also be able to keep your savings in either or both the 401(a) Retirement Plan and 403(b) Savings Plan with Y Retirement. Your savings will continue to receive daily compounding interest and be protected from certain risks.

Success Stories

What YMCA Employees Are Saying

Real stories from real people building their retirement dreams

Y Retirement was more than an employee benefit—it was an investment in my future. Now, as a retiree, I have the confidence of knowing that my retirement income will be there month after month, allowing me to enjoy the life I worked hard to build.

F
FranceineRetiree, Missouri

I am so thankful for Y Retirement. It has allowed me to have a job that does good in the community and provide for my future. Throughout the years, I saved hoping to be able to retire early, and soon that will be a financial reality! The most exciting thing: knowing I am secure throughout the rest of my life!

L
LibbyParticipant, Arizona

The thing I love about Y Retirement is that while I am supporting and creating an environment for growth and development as a YMCA leader, Y Retirement has been supporting me in creating an environment where I can peacefully and confidently enter my next chapter.

W
WadeParticipant, Iowa

One of the important things I looked for as I started my career was long-term financial security. The vesting schedule, the contributions, and annuity provide something I couldn't get anywhere else. While I enjoy what I do, I look forward to the security of knowing that I can afford to retire when I am ready.

C
CarolParticipant, Florida