Can I take out money from my VOYA account?
Similarly, it is asked, can I withdraw money from my VOYA account?
Terminated employees who have a balance in their account can take a full termination withdrawal. Call the Macomb County Information Line at 1-800-905-1833 for more information. Withdrawals from the plan may be subject to 20% federal tax withholding. Also, federal income taxes may apply and other applicable taxes.
Then, how long does it take VOYA to process a withdrawal?
You may access the prefilled form at the Menu Option: Account, Withdrawals, Request a Withdrawal. After the signed form is received and approved by Voya Financial®, a check will be mailed within three business days. Separated participants can receive distributions no earlier than 45 days from their termination date.
Once you have submitted the online withdrawal request through your MyGuideStone account or GuideStone has received your completed withdrawal application, the processing time for the withdrawal is typically 5–7 business days.