Can I Withdraw Variable Deferred Annuity Money Prior To The Commencement Date? 
That is a great question ! Insurance companies will set a commencement date far enough ahead into the future to show you an impressive number for your return , and that is the date by which you must have started taking your withdrawals . The truth is that you can take money out at any time , BUT - there are serious consequences if you are n't careful . An annuity is not a suitable product for someone who has cash flow issues , and might need the money sooner than later . I 'd advise you to look at your policy , and look for these things : Do I have a free withdrawal amount , if so , how much and when can I start taking it ? How long is the surrender period , and what are the charges ? -LRB- If the surrender period is ten years , that means every year during that period , whatever you withdraw will be subject to that fee , among likely others , as well as a federal penalty of 10 % if you are younger than 59 1/2 -RRB- The last thing to look at is what triggers if you pull money out . Does it start , or lock in a payment cycle for you ? Again , that could be disastrous if you are n't very careful . Let the money ride in there as long as you can afford to , -LRB- at least until you are 60 -RRB- and then start taking your withdrawals . Depending on how your annuity is structured , you may be required to start your rmd 's at the age of 70 1/2 . If you 'd like help with your specifics , please contact me , I 'm happy to help . Thanks for asking ! 