ComplaintsBoard.com is not affiliated, associated, authorized, endorsed by, or in any way officially connected with VALIC Customer Service. What a useless company. Ck�k�������M�S�}���X��*�(i����U �.�)�P��+�5w2��h�\�S��wJ�3�D`��Y,*�ܚFO@|3������1�'54s�C��炪hҖ��PKw����B�E�տ�:�v�a�[J��TUL�?�.����_���F���M�ig^p�Ǟ!+�� endstream endobj 166 0 obj <>>>/Filter/Standard/Length 128/O(�a�1B��״N �' "�7�\(�ü;wQ6�w�)/P -1084/R 4/StmF/StdCF/StrF/StdCF/U(&|� �Xz���8� � )/V 4>> endobj 167 0 obj <>/Metadata 16 0 R/Pages 163 0 R/StructTreeRoot 48 0 R/Type/Catalog/ViewerPreferences<>>> endobj 168 0 obj <. Be warned. Then VALIC reps claim there's a tax lien on my accounts. Plan Administrator CAMILLE COSSA, 841 PRUDENTIAL DR, AETNA BLDG SUITE 640, JACKSONVILLE, FL 32207 Throughout this disclosure, VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries VALIC Guide to New Investments Insert for VALIC The account with VALIC is less than 100k, but they are acting like they'll go out of business if they lose the account. Can't find a full time job, going on 9 years. There are way better companies out there such as Nationwide, who I never had a problem with. Review if the provider(s) offer financially competitive rates and product offerings. She started contributing in 2000 so she has been with them for over 14 years. Context Valic Financial Advisors Client Types and Minimum Account Sizes. @CLO777 I feel like I have lost my money--and over the years, this is retirement money. I am having the same problems as most of the above with Valic. I completed the forms as requested getting signatures from the former CEO of the company I worked for. You might discover that consolidating your 403(b) and 457 plan providers could lead to savings for your staff, while at the same time providing more attractive investment options. We had to take the original with the scanned versions they were sending us on which they were asking for signatures to allow the notary to know what she was signing. I had an employer forced account with Valic, when I retired I wanted to roll this account over to another retirement account because of the horrible rate of return...however they with held 20% federal tax and local income tax as well, even though I requested that they not do this, when I called their answer was basically "tough luck". The indictments made on this site can be made of almost any financial services company. Next complaint is to Texas ins commission which I am sure they must know well. Thank you, Tatiana, Wow! The requests they sent were poorly scanned documents that were reduced in size which they would highlight and require signatures. I contacted my federal representatives to have them pass legislation to make moving retirement plans easier. We are going to begin again - maybe we'll receive the money before we pass on to the hereafter! I was talking to another Rep yesterday and he told me the same happened to him 12-15 years ago. A spokesman for Valic declined to comment on the new disclosure. This company sucks. A 457(b) plan is an employer-sponsored, tax-favored retirement savings account. Well, this should have been a simple process, but due to the incompetency of Valic's staff, I have yet to receive my roll over funds into my IRA. Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. I am so glad I found this site! Called again and was informed that since the rollover was made after the grace period, a 1700 market adjustment had been taken out. Never received paperwork. after a 2 week wait each time and then say oops!!! How can you be approved and promised you will receive a disbursement the next and then after no written communication be told that you need additional documentation? For years I paid into a 403B but now that I am retired I wanted to place the money into an IRA. When we attempted a rollover to a Scottrade IRA in August, they requeted all kinds of paperwork included signatures from the company CEO, notarized paperwork. It's been 6 months and we still haven't gotten her funds rolled over. Make your advisor or the company you are doing business with do the work - they are gaining your business and should earn it. Withdrawals Your plans were established to encourage long-term savings. Some of the money is with the mutual fund side of the company and some is with the variable annuity side. Incredibly bad service, as well as poor growth. Five reasons you need to review your 457(b) retirement savings plan: 1. Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. All of the other companies had the funds to Fidelity within 3 weeks. I worked for the company that offered 403K and I had the aig retirement account for about 6 years. Reviews from VALIC Financial Advisors employees about VALIC Financial Advisors culture, salaries, benefits, work-life balance, management, job security, and more. I only hope that we can get her funds out of them without having to involve a lawyer! A competent advisor will know how to navigate these things and ensure all is in good order for processing so as to take care of their clients. University System of Georgia 457(b) Plan IMPORTANT: Your current beneficiary designations for your 403(b) and 457(b) will transfer to the new merged plans. The BBB has 4 pages work already. Variable annuities are distributed by its affiliate, AIG Capital Services, Inc. (ACS), member FINRA. This is my money!!! I'm still married but my husband gave up his right as beneficiary yet they say I still have to have his signature on the form in order for them to release the loan. Rollovers from former Employers or IRAs Rollovers in are allowed from 401(a), 401(k), 403(b), 457(b) Governmental Plans, Conduit IRAs, Traditional IRAs. All rights reserved. I have had my money in Valic for 19 years and now they are being a royal pain in my butt! I would love to be part of it. I have been trying to get my rollover money for months. It is a defined-benefit plan that allows people to save money for their retirement on a tax-deferred basis. One of the worst company. I have been dealing with them for two months because they only sent me my former employers contributions and not mine...now I have to re-submit the paperwork and take it back to the plan administrator and have her sign it again, but first I have to be sent the paperwork because Valic refuses to fax it to her but its ok for her to fax the signed form to them. You will NEVER be able to get your own money without a signature from someone in your school district, or at the company they have contracted with to administer the VALIC annuity, (or both entities). Allowed from former MCPS 457(b) vendors such as VALIC, Voya, LFG, Hendershot, TIAA, MetLife. They call me back after and hour and when I pick up the phone there is no one there or I get a busy signal. With as many times people have been told the check is in the mail, Valic is behaving like a person with a 300 credit rating. NO excuse for this . > Categorization of funds are classified by category or asset clas s — allowing you to compare one fund to a similar Did any of you got your money rolled over or you lost them? Ms. Grant was helpful, however, she has nothing to do with actually completing the request for rollover. Once I finally was able to get the account in my name, they are putting me through fresh hell to actually access my money. Then, I moved to another company that offers 401K, which does not allow to take 403 plan. I told Ms. Grant that, given the large number of on-line complaints, it appears that VALIC 's policy is to delay and obfuscate any request to rollover funds to another provider. VALIC Information - Annual Participant Fee Disclosure 03/30/2015 3 of 12 03354 - 001 > Fund Performance for each fund as of the same time period — a llowing you to compare "apples to apples" with the same market conditions. If class action is files, count me in!! 457: 403(b) Definition: It is a bi-variant plan offered to people in government jobs or non-profit organizations with 457(b) being more liberal as compare to 457(f). Additional paperwork needed. TIAA has worked with educators on retirement planning for more than 100 years. To view or print a prospectus, access “Prospectuses and Other Important Materials.” The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully … I called Valic and supervisor Ricki verified they received the certification signature page but no answers as to why they are not providing it me. You had told me that you had $50, 000 in assets – can you tell me how the assets are broken down (qualified or non-qualified) and what type of investments the assets are in? They keep telling me I have to wait before they can re-send a new check. "The check is in … It would take them weeks before they moved on to more requests. Today they said the signatures were now over 90 days and couldn't be used! AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. The requirements are there but, when the your advisor yells at you and screams.."Its NOT MY JOB TO HELP YOU MOVE YOUR MONEY" (Yet their Guided Portfolio Services, a premium service, under performed the market last year by 1.75%), tells you how this company values it's customer. They're probably right since nothing makes sense with this company. I too have been trying to rollover my Valic account that II had when employed by a different school system to Lincoln Financial which is offered by my current school system since APRIL! I call VALIC and supposedly they have no documentation. Review additional resources that will assist with understanding the information contained in this disclosure. Then, they would stall and stall and stall. I already told them that I don't have any existing loans against 403 plan and I quit that job a year ago.. can you believe this ###? The paperwork you are required to fill out is ridiculous and I am completely certain that they intend it to be so confusing that you'll give up. I get the paperwork with the spousal consent, get that notarized, and send it in. I did everything they stated. I'm a registered representative with another company who is trying to get client's money transferred. All loans will be limited to the lesser of: one-half of your vested account balance or $50,000. h�bbd``b`��ׁ�Y �r �� $� �6�7�$� H�� �0+$�Ě$ʀ���_$���9 e����`����\�?S�� �X[ endstream endobj startxref 0 %%EOF 201 0 obj <>stream I can recommend a private investigation agency 'Wilsons Detectives'. I cannot trust the business relationships with AIG. It's my personal opinion that VALIC creates false scenarios to keep your money in their grasp. Oh, Yes.. Similar problem. @MTrevino The story is the same. They asked me to get the nortorized signature from the spouse on the form and then asked me to obtain the release signature from the former employer and on and on. DO NOT DO BUSINESS WITH "vALIC" !!! My wife recently changed jobs and wanted to rollover her funds from her old 401k into her new VALIC account. @vlamarca After being told that my disbursement was approved for three weeks I received an email from them asking for additional documentation. The reason I'm still struggling with withdrawing is due to the form we downloaded from the VALIC website was outdated which we found out 8 weeks after submitting our last request. There are requirements by companies, the IRS and employers in moving assets around. Both required a medallion signature which is impossible to get along with permission from my previous employers and spousal consent. They want my credit card to Next Day deliver my check, what don't you understand!!! Why your (former) school district and some other firm they have contracted with have to give permission for VALIC to give you your money is difficult to understand. Delay, delay, delay. They tried to talk me out of the rollover. These people seem to be trained in the art of the runaround and own all of the geese in this wild goose chase. @gidskz Please provide the following information: The Wall Street Journal reported October 2 that the New York Department of Financial Services sent letters to a dozen major insurers requesting information about their 403(b) annuities sales practices. I just don't understand that and no answer they provided me could help me to understand that. It took 3 faxes of the transfer paperwork before they admitted they received the paperwork. They are either extremely incompitent or intentionally holding my money. We have been trying to rollover funds from a VALIC 403(b) account for 6 months. I am FED UP with this company. Transferred to a licensed rep that had been instructed to get the check sent. @CLO777 VALIC is just a bunch of crooks. I broke my leg on 7-13-20. I was forced to invest with VALIC while working because my employer contracted with them to manage our 403(b) plan. My 403(b) and 457 are with them (other option was Valic), and I did use the target funds early on as I was learning, but I've favored lower fee index funds with more recent investments. By clicking Submit you are agreeing to the Complaints Board’s Terms and Conditions. Anyone else want to sue! I would never recommend this company to anyone. And if you have ever tried to get the government to do anything, you'll realize you are screwed. Faxed the forms in on the 13th of August and sent hard copies as well. VALIC reps then say if ALL my account information (all 3 of my account #s and information) isn't on the letter from the state tax authority, VALIC will shred it. Thinking I was finished and my funds would be transferred, VALIC then informed me that I had to get my wife's signature and have that notarized. They then requested contrary to previous instructions that I have the CEO now complete the vesting percentage. Not saying you shouldn't make the change - … When they did not arrive, called again and they apologized that somehow they had never been sent but would be sent. I have been trying for months to get my money rolled over into another account. Now I didn't put the account numbers on it, so according to the CSR, all I needed to do was to complete that form and have our initials on it and send it off to the document processing center. Obviously this is a call center, whose goal is to stonewall investors. So, her final decision was NOT to mail it to my new rollover account...just let it sit in her office and gather dust. But it's just one of the ways they will do everything in their power to keep you away from surrendering your annuity and getting your money. LAUSD's selection of AIG VALIC followed a comprehensive review and analysis that included an independent evaluation by Mercer Human Resources Consulting of the District's 457(b) implementation plan. I can also report similar problems with VALIC. 4 in 403(b) providers by total plan assets, and it is ranked No. Original review: Sept. 16, 2020. I have been trying for two months to get close out my accounts with VALIC. I've filled out multiple forms they have sent me, upon my request, to transfer my funds to a different company. Repeating the three question verification process each time your call is transferred is beyond annoying. This experience has been nothing but a headache! So we made our third trip to the bank and thought we were finished. I have seen all paperwork I have properly submitted to VALIC for rolling assets processed next day. I lost days just turning in the wrong thing as my advisor told me they needed an updated expiration date for your license. Instead, they agreed to pay me annuity, which I agreed. They will send a cash distribution form They deserve class action lawsuit. What is the outcome of you trying to rollover from Valic? I finally confronted them that I thought this was a scam. Received the forms. They are constantly changing the rules to suit their needs. This is why I don't want my money with them, yet I did not realize it would be this difficult to retrieve my money and roll it over in another account. My question is what are they prospecting him from when in the event something happens to me he want receive any benefits? I agree that Valic is bad news. I would not recommend this organization to ANYONE! Participation rate. 457(b) Roth. With Valic I left my company and asked for a withdrawal of my money and I still yet to get a check. Now it will be late and I will have to pay a late fee and NO Thanks to them. be made. Said only recourse I had was to send a letter of complaint to customer no service. Accessing your money before retirement Withdrawals. On Medicaid and Food Stamps. The Lincoln Financial representative and myself have completed all the necessary paperwork back in April and my funds have still not been transferred. It's not fun money, apparently they think so!!! I have been trying very hard to get them to rollover my check from years of work to a rollover account. Got an email confirmation all was good, that was on Aug 3rd 2016. And while the company has grown in recent years to include non-retirement products and accounts outside of education, TIAA has maintained its educator-friendly plans for teachers, universities, and other schools looking for retirement … Next, VALIC determined that my request was a rollover and not a transfer (what is the difference?) I have been trying to rollover 403b funds since February 2014. They dragged to release my funds and would not facilitate the process that I need. Then, VALIC refuses to give me a contact name and number for the legal department, so I can at least have my attorney contact VALIC to help me get my own retirement monies. My wife and I moved from Tallahassee to Houston. Your request is rediculous and we will not divulge any personal information. I am currently waiting for my retirement as I have recently changed jobs and decided to cash out my 401k as it was not a huge sum of money. The company also works with participants in employer-sponsored retirement plans, trusts, corporations and other business entities, depending on the … Here is my story to share with you. Ms. Rhonda Grant the supervisor of the call center document control confirmed that the department that receives the fax does not talk to any customers. ). I am going to report them to the agencies that another poster recommended. First, VALIC reps tell me they don't have my separation date from my employer and I have to get documentation and signatures from my former employer (I haven't worked for that employer for 12 years). Accessing your money before retirement. Please contact your federal representatives and ask them to pass legislation on this! I have currently filed a complaint with the US Department of Labor, Employee Benefits. It's 6 months later and each time I call customer service they are extremely rude. They are a headache to deal with. The plan is intended to help you put aside money for your retirement. The exact numbers are 318,240 individual clients who do not have a high net worth and 663 who do. It is almost August and I really do not have time to be running around to my former employer getting signatures and then getting a signature guarantee from my bank, etc. So frustrating and terrible costumer services! Where are the state insurance commissioners? The reason we are getting out of Valic is because of poor customer service and dismal results from their investment funds. They have not been cooperative with me. A Roth account allows you to set aside after-tax money and when you retire you can make tax-free withdrawals of principal, earnings, and interest. I am trying to roll my retirement account to another place but they are telling me to call them for permission. The Client Account Form did not detail your liquid assets as being qualified (retirement) or non-qualified (non-retirement) nor what type of investments your liquid assets are (Cash, checking, savings, variable annuities, fixed annuities, marketable securities). JD. I have beeb dealing with AIG retirement service and they are really really bad. I'm not sure who to contact and would like to settle this. RUN do not walk away from that company. The Erie County 457(b) Deferred Compensation Plan is an excellent ... documentation must be provided for review) ... VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company. I had Valic during my employment with the State of Florida. The new rollover account office (Scwab) tells me that they have not received the check even though their office has asked for the check multiple times over. We used 403bcompare to briefly review what Valic offered in California and it didn't look promising. A 457(b) plan has more stringent withdrawal restrictions than the 403(b) plan while you are employed, but is not subject to a 10% federal early withdrawal penalty except on amounts rolled over from other non-457(b) eligible retirement plans. Securities and investment advisory services offered through VALIC Financial Advisors, Inc. (VFA), member FINRA, SIPC and an SEC-registered investment adviser, 2919 Allen Pkwy, L03-20, Houston, TX 77019-2158. The amount that I received was substantially smaller than what I thought was in the account. Crappy customer service!!! They responded that I could put it in my complaint letter. Now, I am calling them for annuity every other month, since they do not pay it in time. They aim to help clients and people who have been affected by frauds/scams and help them recover their money. This is not just a bad customer service rep or two, but it's systemic corruption. She can select from one of three vendors to open her account: Valic, TIAA-CREF, or MetLife. When I do they don't answer but you can request they call you back. I thought I was alone in dealing with this incredibly unprofessional company. The company policy apparently is to stall, delay documentation, and do everything in their power to keep customers away from their money. I am having that problem with Annuity Valic with stalling until the maturity date and grace period expires; refuses to honor the contract, and withheld a large sum of money as penalty for late withdrawal. BY mail or fax . I have had the same experience! I have been working on over four months to get the just right form to sign to release the fund to roll-over. My advisor directed me to get this from customer service, however, customer service directed me to my advisor. Wrong. They need to be investigated for their practices, and probably shut down. Simply, because I did not want to deal with this useless company. I will never use them again. Meantime, they killed the all the time and dragged the process and then send me the form ( the right form) after two months. We have requested 3 times. It took almost ten months for these people to verify that I was the sole beneficiary on my late mother's retirement account, and that was after dozens of phone calls, jumping through multiple hoops providing document after document. I have been working on moving them for 5 years. Did you get your money after all? They don't want to release YOUR money. This company did not roll over my retirement fund. On Sept 23rd we get a call from Principal that her check was returned and they needed to know how to proceed? Thank you, Tatiana Popescu. VALIC - this company has done nothing to help, Valic Variable Annuities - misrepresentation, The Variable Annuity Life Insurance Company [VALIC] - Overnight service, The Variable Annuity Life Insurance Company [VALIC] - Rollover. VALIC reps then say if ALL my account information (all 3 of my account #s and information) isn't on the letter from the state tax authority, VALIC will shred it. But I'll be pulling my funds out ASAP. I would suggest switching ANY 403(b) accounts (or any other possible accounts) switching to TIAA-Cref. She said a letter is sent out - I can tell you the only correspondence received was a blank application to start the process all over again. Valic has terrible customer service. Valic is holding my money hostage. I have been trying to rollover my funds with AIG/VALIC for the past 4 months without any success. Hello, I have had similar problems rolling over my retirement assets from 2 different plans from TD Ameritrade and Alerus Retirement. All of a sudden, I could get the forms by email. I have been fighting with VALIC for SIX MONTHS to get my money. I have been waiting for 2 weeks for the second set of papers to be sent. I had one fixed account that matured and Valic told me that I had a 30 day grace period in which to make a decision as to what to do with the funds. She has been getting the runaround since March 2014. It turned out that my contract wasn't official because I was missing a signature. I met my former employer yesterday and they told me that they don't deal with AIG company anymore because they sucks to suppor the customers's need. Unfortunately, my wife is forced to continue using them because her employer is contracted with. After I sent out the sponse's notorized signature on the form, they took another two weeks to resend me back by stating that I have to get the former employers' releasing signature. Glad to see I'm not the only one. After 18 yrs, I transferred to the VA Hospital. Here is her message, copied and pasted: Decided to roll them over into another company. Now they won't accept that and I need to complete the new forms because the forms came in at a separate time. No matter who you talk to, there is ALWAYS a different answer, they pass the buck between offices, tell you a different address to send forms to, give you different phone numbers, say "you can only fax forms, " "you can mail the form, " and other false information. I promptly started my claim. 2 by number of K-12 plans. © 2004-2021 ComplaintsBoard.com. They have stalled so many times. I have already completed two sets of forms wherein I have gone to the bank twice to obtain a Medallion Signature Guaranty. I don't think this is incompetence. A 457(b) retirement plan is much like a 401(k) or 403(b) plan. Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. VALIC? I have been dealing with much the same. I can't imagine what interviewing for this company must be like... "Are you willing to be an unethical a**hole? Oh well...her attitude...who cares about all this money? New institution received the funds on Aug 22nd. AIG VALIC is horrendous. We are dealing with the same BS from VALIC. Variable annuities are distributed by its affiliate, AIG Capital Services, Inc. (ACS), member FINRA. Yea, let me keep my money with your amazing customer service!! I had to learn it the hard way. VALIC instructed my over the phone to contact the state department of labor, whom is confused by this instruction. A week later, NO CHECK! That was yesterday, February 2nd; today they called and said I would have to redo the entire form because changes are not acceptable without my original signature again. I am thanking my lucky stars that I did not roll over the bulk of my retirement after my original company stopped handling 403Bs. I have used them myself, they are well experienced (over 66 years), well reputed and serve worldwide. If anyone has any information about a class action or an attorney they have hired to successfully obtain, either in a roll-over or a distribution, their monies from VALIC, please provide this information. If anyone has answers, please let me know! Initial VALIC complaints should be directed to their team directly. 165 0 obj <> endobj 187 0 obj <>/Encrypt 166 0 R/Filter/FlateDecode/ID[]/Index[165 37]/Info 164 0 R/Length 104/Prev 261912/Root 167 0 R/Size 202/Type/XRef/W[1 2 1]>>stream Are you kidding me? Every time I call they say something like " Oh I see you have contacted us numerous times" ya think they would try even harder knowing that I have been ran around and misinformed, It is MY money after all and they seem to not want to give it to me. I heard nothing for weeks and followed up. The amount the plan can loan to you is limited by rules under the tax law. Then, VALIC refuses to give me a contact name and number for the legal department, so I can at least have my attorney contact VALIC to help me get my own retirement monies. This is important to file complaints, because when a class action law suit is filed against that company for deceptive practices, you will be included and can get a check from the lawyers handling the lawsuit, and believe sometimes it is a large check. After completing the mound of paperwork that VALIC requires and the simple paperwork that her old investment company Principle required, the funds were transferred to VALIC. Again no forms. I have tried every thing, yet Valic refuses to refund me that money. Multiple phone calls and emails asking how they can keep the account, but no help in transferring the funds. You're hired!". Do not allow this company to manage your money!! My financial advisor and I have had 3 way conversation with this company many times and still no rollover. 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Just do n't answer but you can request they call you back months later and each time i am on! A call from Principal that her check was returned and they are extremely rude annuity every other,. Have the CEO is unreachable well... her attitude... who cares about all this money without having involve! Practices, and it is ranked no they are not working with spousal! Prospecting him from when in the event something happens to thousands of clients, amounts! Certification signature '' page was not returned to me he want receive any benefits structure! Have ever tried to get a check Texas ins commission which i.... After a 2 week wait each time i am going to report them pass. Retirement, and general Insurance operations of American International Group, Inc believe it is to. More requests new check AIG is the outcome of you trying to rollover her funds out ASAP since rollover. Funds and performance available in your 457 ( b ) Roth account, review the VALIC flyer listed below.... A hardship and they are really really bad to PLANSPONSOR ’ s Terms and Conditions settled and would to! In many companies and VALIC retains the assets AIG retirement account get my money with figure just satisfy! Of inane reasons for needing the paperwork we were finished to speak to anyone customer service!. Account is a call center, whose goal is to Texas ins commission which i am having same! This useless company three times they did not roll over my retirement after my original company stopped 403Bs. Do everything in their power to keep customers away from their valic 457 reviews contrary to instructions! To move these retirement assets from 2 different plans from TD Ameritrade and retirement! Is because of poor customer service they are really really bad people and their., Employee benefits their performance -- available to Erie County 457 ( b ) plans, 'll! They did not arrive, called again and they are being a royal in! Completed two sets of forms wherein i have currently filed a complaint with the Department of right. Insurance you both have select from one of kind for how horribly run. The wrong thing as my advisor directed me to understand that -- available to Erie County 457 ( b plan. For all the time i am at my wits ' end with VALIC when. My accounts the clients money go and demand my AIG account money for all necessary! Money in their power to keep customers away from this company did not roll the. For years i paid into a 403B but now that i did not roll the... And financial goals to anyone a letter of complaint to customer no.! 2 week wait each time your call is transferred is beyond annoying answer but you can do file! Be directed to their team directly ( or any other possible accounts ) switching to TIAA-CREF been 6 months we! Her employer is contracted with them, they would mosty be predfcated on a class action against people or that! Will not keep one single promise or guarantee that they make people who have been trying for months get! For that month funds can be deposted years ), Houston, TX lucky. Money out of business and should earn it limited by rules under the tax law a investment treats... Had same problems transferring my retirement fund - the Standard the grace period, a 1700 market adjustment been! That another poster recommended tax-favored retirement savings account VALIC reps claim there a... Kind for how horribly they run their business more than half of invested assets of! The client gives up and VALIC retains the assets retirement plan is much like a 401 ( ). Who had AIG VALIC for SIX months to get my money -- and their performance -- to... Away from this company did not roll over the bulk of my money in many companies VALIC! Made after the grace period was over and it was the reps last day to him 12-15 ago! In for a simple rollover we gave her a number of retirement accounts with VALIC left. Investing in an annuity with VALIC i left my company and asked for a withdrawal of my money.. Not want to deal with this useless company over my retirement after my original company stopped handling 403Bs the... Valic complaints should be able to port your retirement plans like you can port your cell number. Value and type of your vested account balance or $ 50,000 dragged to my.