Loans and Hardship Withdrawals
Accessing your 403(b) account(s) with Fidelity, TIAA-CREF, and/or VALIC to secure a loan or a hardship withdrawal is accomplished via Retirement Manager. This software helps ensure that the Internal Revenue Service (IRS) regulations relating to eligibility, limits and coordination among vendors are adhered to.
The Retirement Manager Guide contains information on the Retirement Manager software and the procedures for logging into the software and generating an “Eligibility Certificate” which you will provide to your vendor(s) to effect the loan or hardship withdrawal.
Although Retirement Manager is developed and maintained by VALIC, all three vendors provide data on a regular basis to the system to ensure compliance with IRS regulations. While each vendor may request specific documentation of the need for a loan/hardship withdrawal as required by the IRS, the “Eligibility Certificate” is their assurance of your eligibility.