Valic retirement withdrawal 2025

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The document is a Hardship Distribution Form for VALIC Annuity Accounts, specifically for plan types 403(b), 401(a), and 401(k). It outlines the process for clients to request a distribution due to immediate financial needs while still employed. The form requires client information, details about the requested amount, reasons for the hardship, and necessary approvals from spouses and plan administrators. It also includes tax withholding information, spousal consent requirements, and instructions for submitting the form. Additionally, it provides guidelines on rollover options and potential penalties associated with early distributions.

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Click ‘Get Form’ to open the valic retirement withdrawal form in the editor.
Begin by filling out the CLIENT INFORMATION section. Enter your name, SSN or Tax ID, daytime phone number, and date of birth. Ensure all details are accurate for processing.
In the DISTRIBUTION REQUEST section, specify the amount you wish to withdraw due to financial need. You can also indicate whether you want a pro-rata distribution from multiple accounts.
Select the REASON FOR DISTRIBUTION by checking appropriate boxes that reflect your financial need. Attach any necessary documentation to support your request.
If applicable, complete the INVESTMENT PROVIDER INFORMATION section by listing other investment providers and account numbers associated with your plan.
Fill out MAILING INSTRUCTIONS to specify where you want your distribution check sent. If there’s a new address, ensure it is marked correctly.
Complete the INCOME TAX WITHHOLDING INFORMATION AND INSTRUCTIONS section by indicating your preferences for federal and state tax withholding.
If married, ensure that both you and your spouse complete the SPOUSAL CONSENT section as required under ERISA regulations.
Finally, review all sections for accuracy before signing in CLIENT APPROVAL and submitting your form through our platform.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can you withdraw from Corebridge financial?

Withdrawals. Money can be withdrawn from your 403(b) plan in these events: Attaining age 59 (employee contributions only) Retirement or separation from service (distributions where the employee retires or separates from service on or after age 55 are not subject to the 10% early withdrawal federal tax penalty)

Can you take money out of your VALIC account?

Withdrawal or Distribution from TIAA or VALIC accounts Contact the investment company that holds your account and request a Withdrawal/Distribution Form. TIAA/Valic (AIG) will provide guidance on how to complete your request via their online portal.

Can you take money out of your 403b to pay off debt?

If youre struggling with high-interest debt and have a substantial balance in your 403(b) retirement plan, you might be wondering whether you can tap into those funds to eliminate your financial burden. The short answer is: it depends on your specific plan, but many 403(b) plans do allow loans.

Can you withdraw money from Valic?

If you request a total surrender/withdrawal of your Plan account and you have an outstanding loan, the account balance will be reduced by the outstanding loan balance and if applicable outstanding loan security will be returned to the account.

Can I pull money out of a retirement account?

You can withdraw money from your IRA at any time. However, a 10% additional tax generally applies if you withdraw IRA or retirement plan assets before you docHub age 59, unless you qualify for another exception to the tax.