Loan Payoff Letter Sample Withdrawal In Franklin
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FAQ
Request a withdrawal whenever you are ready. Log in to your account. Select a beneficiary's account. Select “Make a Distribution” Enter amount and payment method. Submit the request.
Withdrawals received prior to age 59½ may be subject to a 10% federal withdrawal penalty. The penalty is 25% instead of 10% if taken within the first two years of plan participation.
The total minimum investment amount is $1,000 per fund unless the account(s) will be funded by Automatic Investment Plan.
Allow up to 10 calendar days for receipt of a check or 2-3 business days for receipt of an electronic funds transfer.
The total minimum investment amount is $1,000 per fund unless the account(s) will be funded by Automatic Investment Plan.
Many mutual funds require minimum investments to participate, ensuring sufficient capitalization and covering of the fund's operating costs. These minimums can typically range from $500 to $5,000 for investors, but they may be significantly larger for institutional investor class funds.
