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Can I borrow money from my AIG Retirement Account?

Money may be withdrawn from your account when you reach a distributable event determined by your plan. These may include some in-service events such as attaining age 59½, a hardship or unforeseeable emergency, or may require that you have a severance from service.

What is the new name for VALIC?

20, 2019-- VALIC, a leading retirement plan provider for healthcare, K-12, higher education, government, religious, charitable and other not-for-profit organizations, will now be known as AIG Retirement Services.

Is AIG the same as VALIC?

VALIC is an indirect wholly-owned subsidiary of AIG Life Holdings, Inc. and a wholly-owned subsidiary of American International Group, Inc. In 2019, VALIC and its affiliates in the Group Retirement business rebranded as AIG Retirement Services.

Can I take money out of my AIG retirement Account?

You can choose the amount to be withdrawn from each eligible account or you can choose the amount to be withdrawn from each eligible fund.

Who bought AIG Retirement Services?

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.

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Who owns VALIC?

(NYSE: AIG) and Blackstone (NYSE: BX) today announced that they have reached a definitive agreement for Blackstone to acquire a 9.9% equity stake in AIG's Life & Retirement business for $2.2 billion in an all cash transaction.

What is a VALIC account?

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. The Variable Annuity Life Insurance Company. Industry.

Is AIG the same as VALIC?

VALIC is an indirect wholly-owned subsidiary of AIG Life Holdings, Inc. and a wholly-owned subsidiary of American International Group, Inc. In 2019, VALIC and its affiliates in the Group Retirement business rebranded as AIG Retirement Services.

Can I borrow from my 403b without penalty?

The IRS puts a limit on how much you can loan yourself. The IRS limits the amount to 50% of your vested account balance or $50,000, whichever is smaller. If you have less than $10,000 in your account, the IRS permits you to take the full balance as a loan.

Where do I find my AIG account number?

You will be required to provide your Social Security number (it is encrypted), your account number (this can be located on your statement or you can call the Client Care Center at 1.800. 448.2542 and obtain assistance from a Client Care Professional.

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Can I borrow money from my AIG Retirement Account?

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Who owns VALIC?

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Can I borrow from my 403b without penalty?

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