When can I take money out of my annuity?

For lifetime income you can take money out after the age of 59 1/2. If you take your money out before you reach the age of 59 1/2, you will owe an additional 10 percent early withdrawal penalty to the IRS.","reminder":"\Reminder: An important goal of retirement planning is to produce guaranteed lifetime income. Any distribution taken prior to your retirement reduces the lifetime income amount. Most annuity companies do provide a 10% Free Withdrawal feature and give some flexibility to the owners.