Early Fund Withdrawal IRA

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Withdrawing Funds before age 59½

IRAs are long-term investments intended for retirement income. If you withdraw funds before you turn 59½, you may have to pay a 10% federal tax penalty on your withdrawal and additional income taxes.

However, this penalty can be avoided under the following circumstances:

• Death or disability

• Qualified education expenses

• Un-reimbursed deductible medical expenses

• First-time home purchase with certain restrictions

• Certain health insurance premiums

• Substantially equal periodic payments over life expectancy for a period of 5 years or attainment of age 59½, whichever is later.

Since different people have different needs, a financial advisor can help you prepare a strategic financial plan that can help you reach your goals for retirement.

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Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.