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Get Declaration Of Understanding And Direction Re Unlocking Of 50 Of Alberta Locked In Funds
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How to fill out the Declaration Of Understanding And Direction Re Unlocking Of 50% Of Alberta Locked In Funds online
This guide provides clear and concise instructions on how to fill out the Declaration Of Understanding And Direction Re Unlocking Of 50% Of Alberta Locked In Funds online. By following these steps, you will ensure that your form is correctly completed, facilitating the unlocking of your funds efficiently.
Follow the steps to complete your form accurately.
- Click the ‘Get Form’ button to access the Declaration Of Understanding And Direction form, which you can then open in your preferred document viewer.
- In the appropriate section, select the type of account you are referencing by checking one of the following options: Locked-In Retirement Account (LIRA), Life Income Fund (LIF), or Locked-in Retirement Income Fund (LRIF). Ensure you fill in your Account Number accurately.
- In the section designated for the Undersigned, write your full name clearly. This identifies you as the individual making the request.
- Next, confirm that you meet the eligibility criteria: indicate that you are the annuitant, at least fifty years of age, and that no previous unlocking withdrawal has been made from your account.
- Indicate that any required spousal forms have been completed and submitted to the Investment Dealer, as this is essential for compliance.
- Acknowledge that both the Trustee and the Investment Dealer can rely on the information you provide in this declaration.
- Fill in the amount you are requesting as a lump sum payment. This amount should be no more than fifty percent (50%) of the total value of your account.
- Sign and date the declaration, ensuring you provide a clear signature. Note that a witness signature is also required — have a witness sign in the appropriate area.
- Finally, save your completed form. You can download it to your device, print it out for your records, or share it with necessary parties to initiate the unlocking process.
Start completing your form online today to unlock your funds securely.
Cashing out your 401(k) or pension plan after leaving your job should be a last resort. You'll have to pay taxes on the money you withdraw, and you may also be hit with a 10% early withdrawal penalty if you're under age 59 1/2.
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