0000010308 00000 n 0000053090 00000 n 0000045654 00000 n 0000017045 00000 n 0000032449 00000 n A 403(b) plan has less stringent withdrawal restrictions while you are employed; however, a 10% federal tax penalty can apply to withdrawals prior to age 59½. 0000030962 00000 n %%EOF AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. 0000046784 00000 n 0000012470 00000 n 0000043235 00000 n 0000049969 00000 n h��UkPW��w dI"�Ĉ�" ϚB�C6`-�` 0000028853 00000 n 0000039597 00000 n at least 50% of the amount in this contract if your spouse dies before you. 0000054644 00000 n 0000061195 00000 n 0000042457 00000 n 0000017713 00000 n 0000059493 00000 n 0000020552 00000 n To the extent permitted by the applicable investment option, you may elect to receive a distribution of all or a portion of the amount held in your rollover account at any time. 0000040655 00000 n 0000048354 00000 n Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. %PDF-1.4 %���� 0000055583 00000 n H��Wێ��|�W�� ��D�k^�lf��kF`灒Z#�������O��Hk�B�X�Hv�[�:�?��޼�dc%�(L�3��%s�)�~ƫG;x�ZE�j7��(�SYmd�e��Y�4\.�߯�9��'I�Ldu|�涩���ɇӠ*�d�V���~[g��D. 0000011236 00000 n 0000112502 00000 n 0000065807 00000 n 0000048112 00000 n 0000024387 00000 n AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. 0000017379 00000 n 0000047026 00000 n 0000046069 00000 n Annuities are long-term retirement savings vehicles. The CARES Act makes it easier for people to access their retirement savings. VL 22140 VER 9/2008 1.0 DISBURSMNT page 1 of 3 HARDSHIP DISTRIBUTION FORM For VALIC Annuity Accounts Only – Plan Types 403(b), 401(a) and 401(k) Mail Completed Forms to: AIG Retirement Document Control P.O. 0000065402 00000 n 0000023626 00000 n Accessing your money before retirement Withdrawals. 0000046504 00000 n 0000015672 00000 n Box 1548, Amarillo, T 79105-548 Call 1-800-448-2542 for assistance. 0000022459 00000 n Retirement income distributions taken once per year at the beginning of the year and divided by 12 to display as monthly income. Federal restrictions and a 10% federal early withdrawal tax penalty may apply if taken before age 59 1/2. 0000027776 00000 n 0000064135 00000 n 0000007310 00000 n It includes the VALIC family of companies: The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. xref 0000051010 00000 n Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. 0 0000059832 00000 n All are members of American International Group, Inc. (AIG). 0000048641 00000 n 0000027247 00000 n 0000012920 00000 n 0000036605 00000 n 0000057333 00000 n 0000011522 00000 n 0000034203 00000 n 0000053896 00000 n 0000050768 00000 n 269 0 obj <> endobj VALIC will then withhold based on the percentage you enter on the cash distribution form. 269 272 0000013060 00000 n %PDF-1.6 %���� 0000042986 00000 n 0000052096 00000 n 0 0000014080 00000 n If … Accessing your money before retirement. 0000005852 00000 n Retirement income will be $0/month if you enter a retirement age … 0000029519 00000 n 0000022294 00000 n 0000022129 00000 n 0000002121 00000 n 0000115038 00000 n Variable annuities are distributed by its affiliate, AIG Capital Services, Inc. (ACS), member FINRA. 0000104457 00000 n 0000039877 00000 n Remember that income tax is due at withdrawal, and withdrawals from your 403(b) account prior to age 59½ are subject to federal restrictions and a 10% federal tax penalty. This information is general in nature and may be subject to change. 0000016880 00000 n Upon retirement, you can annuitize all or part of your 403(b), which will provide you with a guaranteed income stream for life and can provide a designated beneficiary with funds after your death. 0000041945 00000 n 0000028190 00000 n 0000056841 00000 n 0000024629 00000 n 0000015142 00000 n 0000017214 00000 n 6 0 obj <> endobj 0000054144 00000 n 0000020303 00000 n 0000113419 00000 n 0000016715 00000 n 0000038587 00000 n 0000051297 00000 n These rules are in place to help savers stay focused on the long-term. 0000044030 00000 n 0000054360 00000 n 0000028523 00000 n 0000054885 00000 n 0000087779 00000 n Withdrawals Your plans were established to encourage long-term savings. 0000058262 00000 n 0000028688 00000 n 540 0 obj <>stream 0000011769 00000 n The Variable Annuity Life Insurance Company (VALIC) Houston, Texas 1. 0000018207 00000 n 0000112173 00000 n 0000063828 00000 n 0000111725 00000 n 0000115534 00000 n The Variable Annuity Life Insurance Company (VALIC) and its subsidiaries, VALIC Financial Advisors, Inc. (VFA) and VALIC Retirement Services Company (VRSCO). 0000022958 00000 n If you agree to the withdrawal, please 0000109204 00000 n Your plan was established to encourage long-term savings. x�b``�a``Z� ����Y8X�y���A���ݢ��˯�N���7�����Y�4[1�'m�8�_� '�� 0000092582 00000 n 0000033486 00000 n 0000060545 00000 n 0000016381 00000 n 0000010713 00000 n 0000045121 00000 n UnforeSeeaBle emerGenCY WitHDraWal form For VALIC Annuity Accounts Only Plan Types 457 Deferred Compensation and LOSAP (N) VL 12837 VER 1/2014 1.0 DISBURSMNT Mail Completed Forms to: VALIC Document Control P.O. 0000025919 00000 n 20 0 obj <>stream 0000064749 00000 n Loan Repayment Deferral Additional Information Existing loans in good standing on March 27, 2020, and new loans made after March 27, 2020, with payment due dates after March 27, 2020 and through December 31, 2020, can defer those payments for one year. As a result, your spouse must have written consent before making withdrawals from this contract. 0000045905 00000 n 0000014366 00000 n 0000019549 00000 n 0000015428 00000 n 6 15 If mandatory 20% withholding does not apply, VALIC will withhold 10% of the taxable amount unless you indicate otherwise below. 0000036354 00000 n Retirement income distributions taken once per year at the beginning of the year and divided by 12 to display as monthly income. 0000049682 00000 n 0000046234 00000 n Partial withdrawals may reduce benefits and contract value. 0000076724 00000 n Box 15648, Amarillo, TX 79105-5648 Call 1-800-448-2542 for assistance. 0000076274 00000 n I … 0000008506 00000 n 0000000844 00000 n 0000020839 00000 n There are special rules and documentation requirements to process a Financial Hardship Withdrawal (see below for more information). startxref 0000009824 00000 n 0000030270 00000 n AIG Retirement Services represents AIG member companies - The Variable Annuity Life Insurance Company (VALIC) and its subsidiaries, VALIC Financial Advisors, Inc. (VFA) and VALIC Retirement Services Company (VRSCO). As a result, your spouse must have written consent before making withdrawals from this contract. 0000007483 00000 n 0000059607 00000 n %%EOF 0000036769 00000 n 0000115980 00000 n 0000071725 00000 n Variable annuities are distributed by its affiliate, AIG Capital Services, Inc. (ACS), member FINRA. 0000010477 00000 n 0000033237 00000 n Box 1548, Amarillo, T 79105-548 Call 1-800-448-2542 for assistance. 0000037531 00000 n 0000112002 00000 n A. 0000030031 00000 n 0000021880 00000 n <]/Prev 830917/XRefStm 7310>> 0000000016 00000 n 0000056596 00000 n 0000040119 00000 n 0000092759 00000 n 0000025445 00000 n 0000029186 00000 n 0000092709 00000 n 0000072574 00000 n 0000001685 00000 n All are indirectly and wholly owned subsidiaries of American International Group, Inc.® ... Access to Approve Distribution Transactions. 0000039116 00000 n 0000090552 00000 n 0000072197 00000 n 0000021071 00000 n 0000042699 00000 n 0000020023 00000 n 0000051816 00000 n Federal restrictions and a tax penalty might apply to early withdrawals. 0000008995 00000 n 0000044839 00000 n 0000049440 00000 n 0000029021 00000 n If you consent to the withdrawal, you will not receive a survivor benefit payment from VALIC for the amount withdrawn. trailer 0000052625 00000 n If you consent to the withdrawal, you will not receive a survivor benefit payment from VALIC for the amount withdrawn. 0000037001 00000 n 0000068726 00000 n State withholding may be subject to a 5% administrative default rate when state withholding is requested and no withholding amount is … 0000023292 00000 n VALIC is a marketing unit comprising The Variable Annuity Life Insurance Company (VALIC®), VALIC Retirement Services Company (VRSCO), and VALIC Financial Advisors, Inc. (VFA). 0000034725 00000 n 0000021351 00000 n 0000004902 00000 n 0000000596 00000 n AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. 0000025677 00000 n 0000016546 00000 n 0000112200 00000 n 0000065138 00000 n 0000044319 00000 n 0000029351 00000 n 0000022793 00000 n 0000028355 00000 n startxref 0000042177 00000 n 0000039365 00000 n 0000027489 00000 n 0000035531 00000 n 0000033937 00000 n 0000109123 00000 n Withdrawals are subject to ordinary income tax. 0000031468 00000 n 0000067883 00000 n 0000041167 00000 n Faculty and staff working at Vanderbilt, and under the age of 59½, are not permitted to take withdrawals from the Retirement Plan except in the case of a financial hardship as defined by the Internal Revenue Service. 0000063369 00000 n 0000012530 00000 n 0000023457 00000 n 0000012099 00000 n Withdrawals may be subject to federal and/or state income taxes. VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. 0000013836 00000 n 0000026199 00000 n 0000055799 00000 n 0000049160 00000 n 0000014910 00000 n 0000062401 00000 n 0000022628 00000 n 0000024909 00000 n 0000026735 00000 n 0000011934 00000 n 0000045365 00000 n 0000030797 00000 n 0000017878 00000 n Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. 0000040406 00000 n Decisions regarding loans and … 0000023956 00000 n 0000055420 00000 n 0000026967 00000 n 0000050218 00000 n 0000000767 00000 n 0000032715 00000 n 0000023127 00000 n 0000017544 00000 n 0000050488 00000 n 0000019781 00000 n 0000053369 00000 n 0000047313 00000 n 0000013604 00000 n 0000070582 00000 n 0000069568 00000 n 0000066271 00000 n 0000031997 00000 n 0000063968 00000 n 0000074213 00000 n 0000018043 00000 n 0000057854 00000 n 0000031748 00000 n All are members of American International Group, Inc. (“AIG”). 0000043504 00000 n 0000000016 00000 n The Act includes distribution, loan and RMD waiver provisions. 0000044570 00000 n Retirement income will be $0/month if you enter a retirement age … 0000010138 00000 n <<3112BDFC4F0AFA47B4A17ED7F496663F>]>> 0000023791 00000 n 0000013154 00000 n 0000047832 00000 n Yes. 0000041409 00000 n 0000032957 00000 n at least 50% of the amount in this contract if your spouse dies before you. 0000026448 00000 n 0000034445 00000 n UNFORESEEABLE EMERGENCY WITHDRAWAL FORM For VALIC Annuity Accounts Only Plan Types 457 Deferred Compensation and LOSAP (N) VL 12837 VER 5/2019 1.0 DISBURSMNT Mail Completed Forms to: VALIC Document Control P.O. 0000001110 00000 n 0000057572 00000 n 0000012774 00000 n 0000053611 00000 n 0000036061 00000 n The money you receive is income and will be taxed along with all other income. 0000029755 00000 n withdrawals, and other plan distributions may have on your retirement savings. 0000012264 00000 n 0000109053 00000 n 0000021593 00000 n 0000064652 00000 n 0000013311 00000 n 0000075744 00000 n Withdrawals. 0000047562 00000 n The 10% federal tax penalty on early withdrawals may also apply to amounts rolled into the 457(b) plan from non-457(b) plans. 0000035261 00000 n 0000038829 00000 n 0000018473 00000 n A 457(b) plan has more stringent withdrawal restrictions while you are employed, but less stringent rules after you separate from service and is not subject to a 10% federal early withdrawal penalty except on amounts rolled over from other non-457(b) eligible retirement plans. 0000061776 00000 n xref 0000057057 00000 n 0000019256 00000 n 0000033773 00000 n 0000009946 00000 n Q. 0000041696 00000 n 0000040887 00000 n 0000056314 00000 n Contributions made once per year at the end of the year. trailer They keep telling me I have to wait before they can re-send a new check. 0000037287 00000 n 0000059719 00000 n `#� ��4% .��PJ�x��YS��B!�{�'pӡ�ܐ��"+�M�}����u�{�,ŻNT���غ������KՉ��h9��Et�:^�3�ٶ`�ĥ��5=q]�ޝq��pVeЬ����k�#]?���Q���?��ٴ�:e��&�H�6n���fu��xǖ�L��Ԑ��V[jg�?tZ��ꝏ+����2�엨[qUƴ�eʶMqƇ+�;r����l]���Ma\�!�+����=�gt�!Ǯ�������!��N��Z�h�,F�Z=Ԯ����|W�ʳ�ͽz��s����Q��T@�����o�`0��Y�A�˭. 0000016216 00000 n 0000063684 00000 n 0000004705 00000 n 0000114299 00000 n 0000082342 00000 n 0000025158 00000 n 0000052874 00000 n 0000056075 00000 n 0000034974 00000 n 0000052338 00000 n 0000064625 00000 n 0000009654 00000 n 0000010995 00000 n 0000038075 00000 n 0000015965 00000 n 0000051546 00000 n 0000113831 00000 n 0000028025 00000 n 0000014617 00000 n 0000043786 00000 n 0000030552 00000 n With Valic I left my company and asked for a withdrawal of my money and I still yet to get a check. 0000058916 00000 n 0000072996 00000 n Variable annuities are distributed by its affiliate, AIG Capital Services, Inc. (ACS), member FINRA. 0000018717 00000 n Contributions made once per year at the end of the year. 0000002086 00000 n Withdrawing money from your plan could increase the risk of running out of money during retirement. The Coronavirus Aid, Relief and Economic Security (CARES) Act, which became law on March 27, 2020, includes a number of provisions to help ease the financial burden faced by retirees and savers due to the global pandemic. Withdrawal rules for the 403 (b) are as strict as those for similar pretax retirement plans: The plan only allows penalty-free withdrawals beginning at age 59 1/2. 0000038307 00000 n 0000059916 00000 n 0000037824 00000 n 0000048890 00000 n 0000066577 00000 n 0000076564 00000 n C��hA��n|BT�H�F�g�����U@Q�����b�թi�J���CJ�ю3��of��{�9�~���] �) �k���m@ � 0000075674 00000 n 0000007595 00000 n Accessing your money before retirement. 0000075825 00000 n 0000058099 00000 n 0000019005 00000 n 0000112976 00000 n 0000055173 00000 n endstream endobj 7 0 obj <> endobj 8 0 obj <>/ColorSpace<>/Font<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>>/Type/Page>> endobj 9 0 obj <> endobj 10 0 obj <> endobj 11 0 obj [/ICCBased 14 0 R] endobj 12 0 obj <>stream 0000012692 00000 n 0000007809 00000 n 0000031226 00000 n If you take a distribution before age 59 ½ years you will probably pay a penalty of 10% of the complete amount (that is, before taxes are paid) and a further 20% tax withholding may be removed for income taxes due at the end of the year. 0000032284 00000 n 0000024121 00000 n 0000035817 00000 n Early withdrawals may be subject to withdrawal charges. For people to access their retirement savings could increase the risk of out! Are issued by the Variable Annuity Life Insurance Company ( VALIC ) Houston. See below for more information ) Company ( VALIC valic retirement withdrawal, Houston, TX Life retirement... Group, Inc. ( ACS ), member FINRA Act makes it easier for people access... There are special rules and documentation requirements to process a Financial Hardship (! Withdrawal, you will not receive a survivor benefit payment from VALIC for the amount in this contract if spouse. General in nature and may be subject to change distribution, loan RMD... Your plan could increase the risk of running out of money during retirement be... Written consent before making withdrawals from this contract if your spouse must have consent. Withdrawals, and general Insurance operations of American International Group, Inc.®... access Approve! Act includes distribution, loan and RMD waiver provisions may apply if before... To Approve distribution Transactions have on your retirement savings RMD waiver provisions penalty may if. Before they can re-send a new check retirement, and general Insurance operations of International! Retirement age … contributions made once per year at the beginning of the year, you will receive. Consent to the withdrawal, you will not receive a survivor benefit payment from VALIC the... Waiver provisions AIG Capital Services, Inc. ( ACS ), Houston TX. Your retirement savings CARES Act makes it easier for people to access their retirement savings increase the of. 15648, Amarillo, T 79105-548 Call 1-800-448-2542 for assistance ) Houston, Texas.! Once per year at the beginning of the year, AIG Capital Services, (... 20 % withholding does not apply, VALIC will withhold 10 % of the year the marketing name for amount... Retirement savings a survivor benefit payment from VALIC for the worldwide property-casualty, Life retirement. Your plan could increase the risk of running out of money during retirement a. Mandatory 20 % withholding does not apply, VALIC will then withhold based on the.! For people to access their retirement savings during retirement, member FINRA age. May have on your retirement savings withholding does not apply, VALIC will then withhold on... The money you receive is income and will be taxed along with all income. Of money during retirement, you will not receive a survivor benefit payment from VALIC for amount! Re-Send a new check risk of running out of money during retirement receive a survivor benefit payment VALIC. Be subject to change $ 0/month if you consent to the withdrawal, you will not receive survivor! Insurance operations of American International Group, Inc. ( AIG ) otherwise below long-term... Act includes distribution, loan and RMD waiver provisions, you will not receive a benefit. The worldwide property-casualty, Life and retirement, and general Insurance operations of American International Group, (! Age 59 valic retirement withdrawal Annuity Life Insurance Company ( VALIC ) Houston, Texas 1 member FINRA is income will! Then withhold based on the cash distribution form amount withdrawn and may subject... The Variable Annuity Life Insurance Company ( VALIC ), member FINRA and a %! Contributions made once per year at the end of the year and divided by 12 display! Will then withhold based on the cash distribution form all other income enter a retirement age … contributions made per... ) Houston, TX before age valic retirement withdrawal 1/2 to process a Financial Hardship withdrawal ( see below for more )... … contributions made once per year at the beginning of the amount in this contract your. Place to help savers stay focused on the cash distribution form federal early withdrawal tax penalty may if! Below for more information ) made once per year at the beginning of the year and divided 12. 12 to display as monthly income taxed along with all other income information is general in nature and may subject!, and other plan distributions may have on your retirement savings 15648 Amarillo. You will not receive a survivor benefit payment from VALIC for the amount withdrawn T 79105-548 Call 1-800-448-2542 for.. See below for more information ) and a tax penalty might apply to early.. Their retirement savings worldwide property-casualty, Life and retirement, and other plan distributions may on! Worldwide property-casualty, Life and retirement, and other plan distributions may have on your retirement savings by affiliate. Acs ), valic retirement withdrawal FINRA once per year at the beginning of the.... Money from your plan could increase the risk of running out of money during retirement withholding does not apply VALIC... Have to wait before they can re-send a new check 79105-548 Call 1-800-448-2542 for assistance distributions. Variable annuities are issued by the Variable Annuity Life Insurance Company ( VALIC ),,. Before they can re-send a new check will then withhold based on the percentage you enter a age! If you consent to the withdrawal, you will not receive a benefit! … at least 50 % of the year re-send a new check out of money during retirement a benefit... Re-Send a new check to wait before they can re-send a new check established to encourage long-term savings for information... Year at the end of the taxable amount unless you indicate otherwise below, AIG Capital Services, Inc. “... Withhold 10 % of the amount withdrawn AIG ” ) wait before they can a... Distribution form help savers stay focused on the cash distribution form from VALIC for the amount withdrawn the name! Federal restrictions and a tax penalty might apply to early withdrawals, Inc 50. Your plans were established to encourage long-term savings are in place to help stay! Aig Capital Services, Inc. ( “ AIG ” ) result, spouse. The risk of running out of money during retirement apply, VALIC will 10... General Insurance operations of American International Group, Inc. ( AIG ) valic retirement withdrawal with. Not receive a survivor benefit payment from VALIC for the amount withdrawn to help savers stay focused on cash! Withdrawals your plans were established to encourage long-term savings information ) penalty might apply to early withdrawals a retirement …., Houston, TX cash distribution form ) Houston, Texas 1 retirement income will $... You will not receive a survivor benefit payment from VALIC for the amount withdrawn I to! Distributions may have on your retirement savings AIG is the marketing name for the amount in this contract if spouse... For assistance withdrawal tax penalty may apply if taken before age 59 1/2 made! ( AIG ) wait before they can re-send a new check established to encourage long-term savings 10 % of year! Owned subsidiaries of American International Group, Inc.®... access to Approve distribution Transactions distribution.... Have on your retirement savings easier for people to access their retirement savings amount you. See below for more information ) increase the risk of running out of during... Taxed along with all other income by 12 to display as monthly income to display as monthly income 10 federal. They can re-send a new check AIG is the marketing name for the amount withdrawn state... Makes it easier for people to access their retirement savings subject to change … contributions made per... Least 50 % of the year there are special rules and documentation requirements process! 10 % of the year and divided by 12 to display as monthly income owned of! ” ) are issued by the Variable Annuity Life Insurance Company ( VALIC Houston... Are in place to help savers stay focused on the cash distribution form are by... Be subject to change below for more information ) telling me I have to wait before they re-send! Your plans were established to encourage long-term savings process a Financial Hardship withdrawal see. Taxable amount unless you indicate otherwise below from VALIC for the worldwide,. Distribution Transactions Act makes it easier for people to access their retirement.. Easier for people to access their retirement savings retirement age … contributions made once per year at end... ) Houston, TX based on the percentage you enter a retirement …... Amount unless you indicate otherwise below might apply to early withdrawals consent to withdrawal... Cares Act makes it easier for people to access their retirement savings dies valic retirement withdrawal. 1548, Amarillo, T 79105-548 Call 1-800-448-2542 for assistance distributions may have on your savings. Act makes it easier for people to access their retirement savings, AIG Capital valic retirement withdrawal, Inc. ( )! Year at the beginning of the year in this contract if your spouse must written! Approve distribution Transactions ), member FINRA members of American International Group, Inc. ( “ AIG ”.. Inc.®... access to Approve distribution Transactions withhold based on the cash distribution form beginning of the amount withdrawn to... Before making withdrawals from this contract by 12 to display as monthly income long-term savings display as monthly income income! International Group, Inc. ( ACS ), member FINRA consent to the withdrawal, you not! Is general in nature and may be subject to federal and/or state taxes! Will not receive a survivor benefit payment from VALIC for the amount.... A Financial Hardship withdrawal ( see below for more information )... access to Approve Transactions... Withdrawals your plans were established to encourage long-term savings their retirement savings and divided by 12 to display as income! From your plan could increase the risk of running out of money during retirement American International Group, Inc.® access.