Liquidating an Account

An option to withdrawal money from an account is through the process of liquidating an account. Within the Structured Income Planning page, you can create your own liquidation plan for the accounts. Below are the step-by-step instructions on how to liquidate an account.

 

Step 1: Edit: Click on the green Edit button underneath the Structured Income Planning sub-heading.




Step 2: Manage: Click on the green Manage button that is located in the Income column for whichever account you would like to liquidate money from.




Step 3: Liquidate or Annuitize: Click on the Liquidate account (in so many years) radio button.




Option 1: Pick Years:

Step 4: Income Data: In the Income Data box click on the numerical year(s) that you would like to liquidate the account in.




Step 5: Pick Years: Click on the green Pick Years button. 




Step 6: Clicking: The phrase liquid will move into the Income Column of the Income Data table for the years that were selected.




Step 7: Save: Once done click on the green Save button underneath the Manage Account subheading.




Step 8: Structured Income Planning Page: After clicking save the screen should take you back to the Structured Income Planning page. 




Option 2: Start Years for the Rest of the Plan:

Step 9: Liquidate or Annuitize: Click on the Liquidate account (in so many years) radio button.




Step 10: Year: In the Income data table select which year you would like to start the years for the rest of the plan.



Step 11: Start Year for Rest of Plan: Click on the green button Start Year for Rest of Plan.





Step 12: Clicking: The phrase liquid will move into the Income Column of the Income Data table for the years that were selected.




Step 13: Save: Once done click on the green Save button underneath the Manage Account subheading.




Step 14: Structured Income Planning Page: After clicking save the screen should take you back to the Structured Income Planning page. 




Option 3: Start Years for X Years:

Step 15: Liquidate or Annuitize: Click on the Liquidate account (in so many years) radio button.




Step 16: Year: In the Income data table select which year you would like to start the monetary addition.




Step 17: Start Year for X Years Text Box: Within the text box for Start Year fox X Years, type in the how many years you would like the monetary amount to be distributed.




Step 18: Start Years for X Years: Click on the green button Start Years for X Years.




Step 19: Clicking: The phrase liquid will move into the Income Column of the Income Data table for the years that were selected.




Step 20: Save: Once done click on the green Save button underneath the Manage Account subheading.




Step 21: Structured Income Planning Page: After clicking save the screen should take you back to the Structured Income Planning page. 




Step 22: Saving the Structured Income Planning Scenario: Click the green Save button underneath the Structured Income Planning subheading.




Step 23: Cancel: If you need to go back to the previous page, click on the green Cancel button underneath the Structured Income Planning subheading.




Step 24: Edit: If you need to make an edit to the account click on the green manage button in the Incomes columns to take you back to the manage account page.




Step 25: Logout: To sign out of SIPS, click on the Sign Out heading that is located in the upper right-hand side of the screen.

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