Money Market Consolidator

Product Overview

Aggregating assets can help you take advantage of enhanced interest rates by meeting minimum balance requirements that, perhaps, could not be met without asset consolidation.

If you’ve ever changed jobs or are nearing retirement, you might have considered rolling your assets over to an Individual Retirement Arrangement (IRA). To move money from another financial entity to VALIC, there are likely many factors you should carefully consider before moving funds, including possible assessment of fees and charges (e.g., surrender). We make the rollover process easy for you with the IRA Money Market Consolidator.

The IRA Money Market Consolidator (MMC) is a mutual fund custodial account that allows clients to consolidate assets from multiple sources other than VALIC. Eligible rollover distributions from employer-sponsored plans or transfers from other IRAs are deposited in the VALIC Company II Money Market II fund until transferred in a single transaction to VALIC-issued contracts.

VALIC-issued contracts can include Portfolio Director^® Fixed and Variable Annuity, Set Rate Annuity, POWER Index Annuity^®, Premiere 5^SM Annuity and Premiere 7^SM Annuity.

To obtain a prospectus for the underlying fund, click here. The prospectus contains the investment objectives, risks, charges and expenses, and other information about the investment company, which you should consider carefully before investing. Please read the prospectus carefully before investing or sending money.

Investment in money market funds. An investment in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the funds.

Features and Benefits

Maximum purchase payment amount of $1,000,000
Cancellation period of 7 days

Withdrawal provisions subject to all tax laws applicable to IRAs
Assets subject to minimum distribution requirements if client is 70½ or older

valic_print Print valic_email E-mail

Important Notice about Purchasing an Annuity From Us

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who purchases certain annuity products. What this means for you: When you purchase certain annuity products from us, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.

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.