Are there any withdrawal limits from Valic?
Asked 6 months ago
Yes, there are withdrawal limits from Valic. The specific limits depend on the type of account and the age of the account holder. For IRAs and employer-sponsored retirement plans, the Internal Revenue Service (IRS) sets annual contribution and withdrawal limits to ensure that these accounts are used for retirement savings purposes. Additionally, there may be specific restrictions or penalties for withdrawing funds before a certain age, such as early withdrawal penalties for those under 59 and a half years old. It is important to consult the terms and conditions of your specific Valic account and speak with a financial advisor for accurate and up-to-date information regarding withdrawal limits and any associated fees or penalties.
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