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Are AIG and VALIC the same?

The Variable Annuity Life Insurance Company, or VALIC, a subsidiary of American International Group, Inc., (AIG), is an insurance corporation that specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments.

How do I get money from my VALIC account?

You can do either a direct rollover or a 60-day rollover. If you do a direct rollover, the Plan or IRA will make the payment directly to your IRA or an employer plan. You should contact the IRA sponsor or the administrator of the employer plan for information on how to do a direct rollover.

When can you cash out a 403b without penalty?

Current IRS regulations allow withdrawals of 403(b) monies, without penalties, when you: docHub age 59, Retire or separate from service during the year in which you docHub age 55 or later,***

Can I take money out of my AIG retirement account?

This means that if someone wants to withdraw their savings, or if an employer or plan wants to leave VALIC/AIG, VALIC/AIG can take up to 5% of a participants retirement savings. This discourages participants from withdrawing their savings and employers and plans from changing service providers.

Can I take my money out of VALIC?

Depending on what your employers plan allows, you could take out as much as 50% of your savings, up to a maximum of $50,000, within a 12-month period.

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How do I get my money out of AIG?

How can I submit my paper withdrawal form? You can login to .aig.com/RetirementServices and upload your form via the Message Center in your online account. You can fax your form to 1-800-858-2542. Attention: AIG Retirement Services Document Control.

Can I take some money out of my 403b?

Partial Withdrawal: You may take up to three withdrawals each year (minimum of $500 each). Total Withdrawal: You may withdraw your entire account balance and pay regular income taxes on the distribution.

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