Required Minimum Distributions
|
|
- Hubert Dorsey
- 5 years ago
- Views:
Transcription
1 Required Minimum Distributions
2 Learning Objectives Explain the delayed required beginning date option Identify the issues that may affect the required minimum distribution (RMD) calculation Identify the aggregation rules for RMD purposes 2
3 Review of RMD Starts at 70½ year Minimum amount IRS calculation method 3
4 Age 70½ Year Born between January 1 and June 30 Birth Year + 70 Born between July 1 and December 31 Birth Year
5 Required Beginning Date IRA Owner 70½ year First distribution year 4/1/2019 = RBD 1/1/ /31/ /31/2019 5
6 Required Beginning Date Plan Participant LATER OF: 70½ year OR Retirement year 4/1/2019 = RBD 1/1/ /31/ /31/2019 Plan document defines RBD Delayed RBD not available for greater than 5% owners 6
7 My name is Jon, I was born in 1937 and I retired from my job earlier this year. My employer said that I have to start taking an RMD from my 401(k) plan. What is my required beginning date? April 1, 2019 My name is Cindy, I was born in June My financial organization said that I have to start taking an RMD from my Traditional IRA. What is my required beginning date? April 1,
8 Account Owner Responsibility Timely Missed RMD Calculation method 8
9 Traditional IRA Plan Agreement 9
10 Traditional IRA Plan Agreement 10
11 Calculating an RMD 11
12 December 31 balance from prior year + + Outstanding rollovers and transfers Surviving spouse rollovers and transfers QLAC premium costs = Account balance 12
13 + Outstanding Rollovers and Transfers Distribution Rollover or transfer deposit 60 days (if rolled over) 13
14 + Surviving Spouse Rollovers and Transfers (IRAs only) IRA owner died Inherited IRA distribution Transfer deposit 60 days if rolled over 14
15 Plans Not Valued on Last Day of Year Valuation Date Add contributions or forfeitures January Subtract distributions December 31 15
16 My IRA balance on December 31, 2017, was $93, On January 12, 2018, I rolled over $16,000 that I received on December 12, 2017, from my Traditional IRA at another company. What balance is used to calculate my 2018 RMD? $109, (93, $16,000) 16
17 My employer operated a quarterly-valued fiscal year 401(k) plan ending on October 31. The balance of my 401(k) plan on October 31, 2017, was $164,734. I received an additional $12,000 in contributions from October 31 until December 31, What balance is used to calculate my RMD? $176,734 (164,734 + $12,000) 17
18 Calculating RMDs After an Account Balance Adjustment 1. Does our system calculate the RMD based on an adjusted account balance or from the actual December 31 balance? 2. If our system uses an adjusted account balance, how are the adjustments coded and entered into the system? 3. If our system uses the actual December 31 balance, what process is in place to ensure that adjustments are made and that the RMD is calculated properly? 18
19 Applicable Distribution Period x y Not a choice Divisor to calculate RMD Attained Age = Current Year Birth Year 19
20 Uniform Lifetime Table Attained age Distribution Period Attained age Distribution Period Attained age Distribution Period
21 Joint Life Expectancy Table Sole primary beneficiary for entire calendar year Is more than 10 years younger than account owner Spouse Use account owner s and beneficiary s attained ages each year 21
22 Joint Life Expectancy Table Ages
23 I was born August 8, 1937, and named my wife Cindy as the sole primary beneficiary of my 401(k) plan. What is my attained age in 2018? 81 ( ) 23
24 I was born June 19, 1948, and named my husband Jon as the sole primary beneficiary of my IRA. What is my attained age in 2018? 70 ( ) 24
25 Do you need my wife Cindy s attained age to calculate my RMD? Why or why not? Yes, Cindy is Jon s spouse and is the sole primary beneficiary of his 401(k) plan. Because Cindy is also more than 10 years younger than Jon, his RMD is calculated using the Joint Life Expectancy Table. 25
26 Do you need my husband Jon s attained age to calculate my RMD? Why or why not? No, Cindy is younger than Jon, so her RMD is calculated using the Uniform Lifetime Table. 26
27 What is my distribution period for 2018?
28 What is my distribution period for 2018?
29 Look Through Trust Qualified Trust Joint Life Expectancy Only primary beneficiary Spouse is sole beneficiary of the trust Spouse more than 10 years younger 29
30 Qualified Trust Requirements Valid under state law Irrevocable Identifiable beneficiaries 30
31 Effect of Beneficiary Change on RMD Table Before Change Table After Change Change from a Younger Spouse Beneficiary* to Any Other Beneficiary Year Table Changes Effect on RMD in Year Table Changes Not due to death or divorce JLE ULT Same Year Due to death JLE ULT Year After Due to divorce (beneficiary change made in the same year) JLE ULT Same Year Due to divorce (beneficiary not JLE ULT Year After changed in divorce year) Change from Any Beneficiary to a Younger Spouse Beneficiary* Any reason ULT JLE Year After * A younger spouse beneficiary is a spouse beneficiary that has an attained age more than 10 years younger than the attained age of the account owner. 31
32 Reporting RMDs To the IRA Owner RMD Statement RMD is required Deadline Reported to IRS Estimated RMD amount OR RMD amount will be provided upon request January 32
33 Reporting RMDs To the IRS IRS Form 5498 RMD is required May 33
34 34
35 Transferring RMDs Traditional IRA RMD Traditional IRA SIMPLE IRA SIMPLE IRA 35
36 Rollover in 70½ Year or Later Qualified Retirement Plan Traditional IRA Remaining Amount Qualified Retirement Plan Traditional IRA SIMPLE IRA SIMPLE IRA RMD RMD The first dollars out go toward satisfying the RMD and are not eligible to be rolled over. 36
37 I am moving my IRA to Valley Financial. I have not taken my 2018 RMD ($4,028.16). I am withdrawing my IRA balance ($38,670.31) today. What would be the best way to handle this transaction? Either provide two separate checks to Frank (one for his RMD and the other for the remainder), or provide one check to Frank indicating his 2018 RMD amount. Frank would then be able to roll over the difference. 37
38 Taking RMD From Another IRA Get Written Direction 38
39 Missed RMD Missed RMD 50% excess accumulation penalty tax Account owner may request waiver Plan may submit through VCP 39
40 Missed RMDs On January 5, 2019, I realized that I missed my RMD. What option is available to me to avoid the 50% penalty tax? Take Bonnie s RMD today, and then Bonnie can request a waiver with the IRS when she files her tax return. 40
41 Satisfying the Year-of-Death RMD 1/1 Scheduled 12/31 RMD X Account owner dies Must be paid to beneficiaries
42 My brother, Frank, passed away before taking his 2018 RMD. I have elected to take life expectancy payments. What needs to happen with his RMD? The RMD must be disbursed to Arthur. 42
43 Questions?
44 Thank you for attending Required Minimum Distributions We Appreciate Your Opinion Please complete the electronic course survey for this course located on the Ascend 2018 mobile app. Still need to download the app? Paper versions of the survey are located at the Business Center.
45 We help over 8 million Americans save for life s biggest moments. Education. Healthcare. Retirement. Ascensus provides administrative and recordkeeping services and is not a broker-dealer or an investment advisor. Ascensus and the Ascensus logo are registered trademarks of Ascensus, LLC. Copyright 2018 Ascensus, LLC. All Rights Reserved.
CIS II Exam Prep Workshop
CIS II Exam Prep Workshop Learning Objectives Understand the Certified IRA Specialist (CIS) II certification process Prepare to complete the CIS II exam Keep your certification current 2 Getting Started
More informationAdvanced Beneficiary and Death Claim Concepts
Advanced Beneficiary and Death Claim Concepts Learning Objectives Identify special issues that arise in processing death claims Explain the procedures for handling special issues 2 Per Capita vs. Per Stirpes
More informationCIS II Exam Prep Workshop
CIS II Exam Prep Workshop Learning Objectives Understand the Certified IRA Specialist (CIS) II certification process Prepare to complete the CIS II exam Keep your certification current 2 Getting Started
More informationConversions and Recharacterizations: The What, Why, and How
Conversions and Recharacterizations: The What, Why, and How Learning Objectives Describe a conversion and a recharacterization Define the consequences of an ineligible conversion Understand the reporting
More informationIRA Owner Tax Forms and You
IRA Owner Tax Forms and You Learning Objectives Determine which tax forms an IRA owner must complete when certain IRA activity occurs Understand which IRS penalty taxes may apply to IRA owners 2 Nontaxable
More informationIRA Excess Contributions from A to Z
IRA Excess Contributions from A to Z Learning Objectives Define an excess contribution Identify excess contribution correction methods Calculate NIA to an excess contribution List the possible taxes and
More informationBeneficiary Payment Options for Traditional IRAs (Death Before Required Beginning Date)
Beneficiary Payment Options Beneficiary Payment Options for Traditional IRAs (Death Before Required Beginning Date) Frequently Asked Questions Payment Options Payment Flexibility Withholding Elections
More informationIRAs & Roth IRAs. Beneficiary or Inherited IRAs. Questions & Answers
IRAs & Roth IRAs Beneficiary or Inherited IRAs Questions & Answers Purpose The purpose of this brochure is to provide a person who is a beneficiary of a traditional IRA (including SEPs and SIMPLEs) or
More informationDistributions Options Guide
Distributions Options Guide A Guide to Your Options When Separating from Service Including the Special Tax Notice Retirement Savings, Simplified Your Distribution Options Upon separation of service and
More informationFrequently asked questions
Page 1 of 6 Frequently asked questions Distributions and rollovers from retirement accounts Choosing what to do with your retirement savings is an important decision. Tax implications are just one of several
More informationWhat to know when naming your beneficiaries
What to know when naming your beneficiaries time retirement planning with Wells Fargo Advisors retirement plans not only provide a tax efficient means to save for That s why it s important to understand
More informationTHE IRS REQUIRED MINIMUM DISTRIBUTION RULES AND YOUR TRS TDA
THE IRS REQUIRED MINIMUM DISTRIBUTION RULES AND YOUR TRS TDA Presented by: David N. Levine Groom Law Group, Chartered Washington, DC May 22, 2018 Part I: Introduction and Background 2 Introduction TRS
More informationRequired Minimum Distributions. a general agency of The United Methodist Church
Required Minimum Distributions a general agency of The United Methodist Church Required Minimum Distributions Reaching a Financial Milestone Turning age 70½ could mark an important milestone in your financial
More informationA Surviving Spouse s Options with Respect to Their Deceased Spouse s IRA
Rev 7/11/2018 A Surviving Spouse s Options with Respect to Their Deceased Spouse s IRA We request you sign in by 8:20 and 12:20 as this allows an efficient start of the webinar The Webinar will be starting
More informationTraditional IRAs. Understanding Required Distributions at 70 1 / 2. Questions & Answers
Traditional IRAs Understanding Required Distributions at 70 1 / 2 Questions & Answers Why are there federal tax rules mandating required minimum distributions from a traditional IRA? The primary purpose
More informationTraditional SEP, and SIMPLE IRAs
Traditional SEP, and SIMPLE IRAs Understanding Required Distributions at 70 1 / 2 Questions & Answers Why must I and others age 70 1/2 or older have to take a required distribution? The purpose of an IRA
More informationWithholding and Getting it Right
Withholding and Getting it Right Learning Objectives List the possible penalties for failing to withhold Explain the withholding notice and election requirements Discuss how withholding is reported and
More informationA GUIDE TO YOUR OPTIONS WHEN SEPARATING FROM SERVICE, INCLUDING THE SPECIAL TAX NOTICE
Distribution Options Guide A GUIDE TO YOUR OPTIONS WHEN SEPARATING FROM SERVICE, INCLUDING THE SPECIAL TAX NOTICE. www.modeferredcomp.org 800-392-0925 DISTRIBUTION OPTIONS WHEN SEPARATING FROM SERVICE
More information*XXXXXXXXXXXXXX *
If you have any questions while completing this form, you may contact a Vanguard Participant Services associate Monday through Friday, between 8:30 a.m. and 9 p.m. Eastern time at 800-523-1188. If you
More informationUnderstanding Required Minimum Distributions for Individual Retirement Accounts
Understanding Required Minimum Distributions for Individual Retirement Accounts What are required minimum distributions (RMDs)? Required minimum distributions, often referred to as RMDs or minimum required
More informationPlanning for Minimum. Qualified Plans and IRAs. Steve Brand. For Producer And Professional Advisor Use Only. Not for use with the General Public.
Planning for Minimum Distributions from Qualified Plans and IRAs Steve Brand CRN201609-186364 Important Information The information provided is not written or intended as specific tax or legal advice.
More informationREQUIRED MINIMUM DISTRIBUTIONS
REQUIRED MINIMUM DISTRIBUTIONS AND PLAN DISTRIBUTIONS March 22, 2018 Presented by: John P. Griffin, J.D., LL.M. ASC Institute, LLC Littleton, CO www.asc-net.com General Rules for Required Minimum Distributions
More informationDISTRIBUTION PLANNING
DISTRIBUTION PLANNING In 5 Easy Steps 2.5 Million Baby Boomers Will Turn Age 70 in 2016 Get the Definitive Guide to RMD Planning at: www.irahelp.com/rmd-guide Calculating the Pro-Rata Rule in 5 Easy Steps
More informationRequired Minimum Distributions
Required Minimum Distributions What You Need To Know When It Is Time To Start Distributions From Your Retirement Accounts What Are Required Minimum Distributions? Required minimum distributions (RMDs)
More informationLeimberg s Think About It
Leimberg s Think About It Think About It is written by Stephan R. Leimberg, JD, CLU and co-authored by Linas Sudzius OCTOBER 2010 #416 TRUTHING THE STRETCH WHAT FINANCIAL PROFESSIONALS NEED TO KNOW INTRODUCTION
More informationWhat You Should Know: Required Minimum Distributions (RMDs)
Brian D. Goguen, P.C. Brian D. Goguen, CPA CFP 164 Concord Road Billerica, MA 01821 978-667-4595 bdgoguen@comcast.net www.bgoguen.com What You Should Know: Required Minimum Distributions (RMDs) Page 1
More informationCOMMITTEE REPORT. To Convert Or Not To Convert?
COMMITTEE REPORT RETIREMENT BENEFITS To Convert Or Not To Convert? In three years, any taxpayer, regardless of income level, will be able to convert a traditional IRA into a Roth IRA. Question is, will
More informationDISTRIBUTION REQUEST TIMELINE
Distribution Request Form DISTRIBUTION REQUEST TIMELINE This form is to request a participant withdrawal from your retirement account with your employer. Whether you are rolling over the funds or taking
More informationInherited Traditional IRAs for Non-Spouse Beneficiaries.
Rev2/15/2018 Inherited Traditional IRAs for Non-Spouse Beneficiaries. We request you sign in by 8:20 and 12:20 as this allows an efficient start of the webinar The Webinar will be starting shortly. 8:30
More informationRequired Minimum Distributions
Required Minimum Distributions Page 1 of 6, see disclaimer on final page Required Minimum Distributions What are required minimum distributions (RMDs)? Required minimum distributions, often referred to
More informationSpousal Rollover (con t)
Spousal Rollover (con t) If the beneficiary of the retirement asset was a trust whose sole beneficiary was the spouse and where spouse is the trustee or has withdrawal power over the trust assets, then
More informationPayment Rights Notice - CSRA 401(k)
Your Benefits Resources www.resources.hewitt.com/csra CSRA Benefits Center 1-844-335-9041 between 8:00 a.m. and 8:00 p.m., Eastern time, Monday through Friday Payment Rights Notice - CSRA 401(k) Federal
More informationDISTRIBUTION REQUEST TIMELINE
Distribution Request Form DISTRIBUTION REQUEST TIMELINE This form is to request a participant withdrawal from your retirement account with your employer. Whether you are rolling over the funds or taking
More informationForm Completion Instructions: Required Minimum Distribution (RMD) Request Form for Traditional IRAs, SEP-IRAs, SARSEP-IRAs and SIMPLE IRAs (RMDF-IRA)
Form Completion Instructions: Required Minimum Distribution (RMD) Request Form for Traditional IRAs, SEP-IRAs, SARSEP-IRAs and SIMPLE IRAs (RMDF-IRA) The Required Minimum Distribution (RMD) Request Form
More informationRequired Minimum Distributions (RMDs)
Required Minimum Distributions (RMDs) March 21, 2012 Page 1 of 7, see disclaimer on final page What Are Required Minimum Distributions (RMDs)? Required minimum distributions, often referred to as RMDs
More informationWhat You Need To Know When It Is Time To Start Distributions From Your Retirement Accounts
Retirement Planning Required Minimum Distributions What You Need To Know When It Is Time To Start Distributions From Your Retirement Accounts WHAT ARE REQUIRED MINIMUM DISTRIBUTIONS? Required minimum distributions
More information403(b)(7) or Texas Optional Retirement Program (ORP) distribution request
403(b)(7) or Texas Optional Retirement Program (ORP) distribution request Introduction Instructions Please use this form for John Hancock custodial 403(b)(7) or Texas ORP accounts. This form allows you
More informationQualified Retirement Accounts Distribution Form
Qualified Retirement Accounts Distribution Form 800-525-1093 Use this form for a distribution from your qualified retirement account. Note: Do not use this form for distributions from an IRA or 403(b)(7).
More informationDistribution Request Form
Distribution Request Form READ THE ATTACHED IRS SPECIAL TAX NOTICE: IF YOUR PLAN ALLOWS FOR AN ANNUITY OPTION, READ THE WRITTEN EXPLANATION OF QUALIFIED JOINT AND 50% CONTINGENT SURVIVOR ANNUITY FORM OF
More informationRequired Minimum Distributions (RMDs)
Weller Group LLC Timothy Weller, CFP CERTIFIED FINANCIAL PLANNER 6206 Slocum Road Ontario, NY 14519 315-524-8000 tim@wellergroupllc.com www.wellergroupllc.com Required Minimum Distributions (RMDs) March
More informationESTATE PLANNING WITH INDIVIDUAL RETIREMENT ACCOUNTS
ESTATE PLANNING WITH INDIVIDUAL RETIREMENT ACCOUNTS Estate Planning With Individual Retirement Accounts 1 USING THIS REPORT At first glance, the concept of an Individual Retirement Account (IRA) seems
More informationQRP Distribution Notice
QRP Distribution Notice Important Information About Your Qualified Retirement Plan Distribution INTRODUCTION As a participant in your employer s qualified retirement plan, you have accumulated a vested
More informationFRS Investment Plan Death Benefit Information and Distribution Claim Form
An FRS Investment Plan member may have named you as a beneficiary of his or her assets in the FRS Investment Plan. This package is designed to help you understand your distribution options so you can make
More informationPlan Facts November 2016 newsletter
Plan Facts newsletter Required Minimum Distribution (RMD) Refresher As we approach the end of the year, the deadline to distribute required minimum distributions (RMDs) from your defined contribution retirement
More informationDistribution Request Form Distribution of Traditional 401(k) to Roth IRA Request Form
Distribution Request Form Distribution of Traditional 401(k) to Roth IRA Request Form READ THE ATTACHED IRS SPECIAL TAX NOTICE: IF YOUR PLAN ALLOWS FOR AN ANNUITY OPTION, READ THE WRITTEN EXPLANATION OF
More informationSouth Carolina Deferred Compensation Program 457 Deferred Compensation Plan Beneficiary Distribution Claim Form
South Carolina Deferred Compensation Program 457 Deferred Compensation Plan Beneficiary Distribution Claim Form PARTICIPANT INFORMATION PLEASE PRINT OR TYPE IN DARK INK. Participant Name Participant Social
More informationRequired Minimum Distributions (RMDs)
Jennifer J. Cole, CFA, MBA P.O. Box 1109 Sandia Park, NM 505-286-7915 JCole@ColeFinancialConsulting.com ColeFinancialConsulting.com Required Minimum Distributions (RMDs) Page 2 of 7 Required Minimum Distributions
More informationDISTRIBUTION OPTIONS GENERAL INFORMATION ABOUT ROLLOVERS
PLUMBERS LOCAL UNION NO. 68 PLAN OF DEFINED CONTRIBUTION BENEFITS P.O. Box 8726 Houston, Texas 77249 713.869.2592 Fax: 713.862.4877 Toll Free: 800.833.2980 DISTRIBUTION OPTIONS You are receiving this notice
More informationRETIREMENT ACCOUNT DISTRIBUTION FORM
RETIREMENT ACCOUNT DISTRIBUTION FORM 4010 Boy Scout Blvd., Suite 450 Tampa, Florida 33607 www.aspireonline.com RETIREMENT ACCOUNT DISTRIBUTION REQUEST CHECKLIST A Distribution Request Form must be completed,
More informationFor Payments From a Designated Roth Account
For Payments From a Designated Roth Account YOUR ROLLOVER OPTIONS You are receiving this notice because all or a portion of a payment you are receiving from the [INSERT NAME OF PLAN] (the Plan ) is eligible
More informationQP/401(k) DISTRIBUTION NOTICE
QP/401(k) DISTRIBUTION NOTICE Important Information About Your Qualified Retirement Plan Distribution INTRODUCTION As a participant in your employer s qualified retirement plan, you have accumulated a
More informationAre IRA Amendments Required For ?
Published Since 1984 ALSO IN THIS ISSUE Administering Beneficiary/Inherited IRAs, Page 2 IRS Extends Transition Relief For an IRA Custodian s Payments to a State s Unclaimed Property Fund, Page 2 Understanding
More informationIRS Issues Final Minimum Required Distribution
IMPORTANT INFORMATION Distributions and Withdrawals October 2002* IRS Issues Final Minimum Required Distribution WHO'S AFFECTED These rules apply to qualified defined contribution plans (including 401(k)
More informationNOTICE OF BENEFIT WITHDRAWAL (Complete Entire Set of Forms and Return)
NOTICE OF BENEFIT WITHDRAWAL (Complete Entire Set of Forms and Return) TO: SSN: On, your account balance in the Southwestern Illinois Laborers Annuity Fund was. Normally, the Trustee will compute the value
More informationQualified DISTRIBUTION NOTICE Retirement Plan Important Information About Your Qualified Retirement Plan Distribution
Qualified DISTRIBUTION NOTICE Retirement Plan Important Information About Your Qualified Retirement Plan Distribution INTRODUCTION As a participant in your employer s qualified retirement plan, you have
More informationHoneywell Savings and Ownership Plan. Distribution Options Guide
Honeywell Savings and Ownership Plan Distribution Options Guide June 2016 For more information on the Plan, visit the HR Direct Website through the Honeywell Intranet or www.honeywell.com, click on 'Employee
More informationInstructions for Requesting an In-Service Withdrawal
Instructions for Requesting an In-Service Withdrawal Diocese of Metuchen 403(b) Plan Enclosed are the following items needed to request an In-Service Withdrawal from your retirement plan. Please review
More informationThe Complex World of RMDs: A Case-Study Approach. William C. Grossman, ERPA, QPA
The Complex World of RMDs: A Case-Study Approach William C. Grossman, ERPA, QPA 1 Agenda Distribution Calendar Year Required Beginning Date Issues Rollovers and RMDs Calculation Issues A Variety of Issues
More informationRMD Impact When a Surviving Spouse Elects to Treat the Deceased Spouse s IRA as Their Own
Published Since 1984 ALSO IN THIS ISSUE HSA Contribution Limits for Domestic Partners and Other Unmarried Individuals Versus Married Individuals, Page 3 Handling Excess IRA Contributions for 2008 and 2009,
More informationForm Completion Instructions: Roth 403(b) Distribution Request (R403b7dr)
Form Completion Instructions: Roth 403(b) Distribution Request (R403b7dr) The Roth 403(b) Distribution Request (R403b7dr) allows clients to request a distribution(s) from Roth 403(b) custodial accounts
More informationA Guide to Roth IRAs. Contribution Limits and Deadlines. Who Can Contribute to a Roth IRA? Retirement Planning
A Guide to Roth IRAs A Roth IRA is an individual retirement account named for the late Senate Finance Committee Chairman, William Roth, Jr. who championed its creation. Traditional and Roth IRAs are both
More informationCONVERSION RETIREMENT BENEFIT APPLICATION Ohio Public Employees Retirement System 277 East Town Street, Columbus, Ohio
CONVERSION RETIREMENT BENEFIT APPLICATION Ohio Public Employees Retirement System 277 East Town Street, Columbus, Ohio 43215-4642 STEP 1: Member Information 1-800-222-PERS (7377) www.opers.org Social Security
More informationLowe s 401(k) Plan SPECIAL TAX NOTICE AND YOUR ROLLOVER OPTIONS
Lowe s 401(k) Plan SPECIAL TAX NOTICE AND YOUR ROLLOVER OPTIONS You are receiving this notice because all or a portion of a payment you are receiving from the Lowe s 401(k) Plan (the Plan ) is eligible
More informationLandscape, Irrigation & Lawn Sprinkler Industry Trusts Defined Contribution Pension Plan Death Benefit Application
Landscape, Irrigation & Lawn Sprinkler Industry Trusts Defined Contribution Pension Plan Death Benefit Application Complete all applicable sections and return pages 1-3 to: Southern California Pipe Trades
More informationQuestions about Taking. Required Minimum Distributions. TRADITIONAL IRAs. from. Compliments of. Nate Chesley
18 Questions about Taking Required Minimum Distributions from TRADITIONAL IRAs Compliments of Nate Chesley Nate Chesley President As an independent agent, Nathan treats his clients with the same honesty
More informationGetting Married Results in Substantial Tax Benefits for the Surviving Spouse of an IRA Owner and His/Her Beneficiaries
Getting Married Results in Substantial Tax Benefits for the Surviving Spouse of an IRA Owner and His/Her Beneficiaries In this article it is explained that two individuals who are not married should consider
More information/ / + Outstanding Rollovers, I. Account Holder s Information (Complete all sections) 2.) Subsequent Years. II. IRA Holder Life Expectancy
Fax to: 646-459-2749 Scan and e-mail to : Maintenance@SogoTrade.com REQUIRED MINIMUM DISTRIBUTION (RMD) (PLEASE READ THE ATTACHED INSTRUCTIONS) I. Account Holder s Information (Complete all sections) Name
More informationREQUIRED MINIMUM DISTRIBUTIONS (RMDs)
REQUIRED MINIMUM DISTRIBUTIONS (RMDs) Everything you need to know about Required Minimum Distributions. What are required minimum distributions (RMDs)? A required minimum distribution, also referred to
More informationPreserving and Transferring IRA Assets
AUGUST 2016 Preserving and Transferring IRA Assets SUMMARY The focus on retirement accounts is shifting. Yes, it s still important to make regular contributions to take advantage of tax-deferred growth
More informationHILL BROTHERS CONSTRUCTION COMPANY, INC. STOCK OWNERSHIP PLAN
HILL BROTHERS CONSTRUCTION COMPANY, INC. STOCK OWNERSHIP PLAN As you may know, the Hill Brothers Construction Company, Inc. Stock Ownership Plan (the Plan ) is being terminated. As a result of the termination,
More informationPreserving and Transferring IRA Assets
Preserving and Transferring IRA Assets september 2017 The focus on retirement accounts is shifting. Yes, it s still important to make regular contributions to take advantage of tax-deferred growth potential,
More informationSeparated from Service as of: (date)
The University of Florida Board of Trustees 401(a) FICA Alternative Plan Mutual Fund Minimum Distribution Request Form For Attainment of Age 70½ or Beneficiary of Death Proceeds Group ID# 71174001 1. CLIENT
More informationCASH DISTRIBUTION FORM
1. CLIENT INFORMATION Name: Daytime Phone: ( ) Date of Birth: SSN or Tax ID: 2. DISTRIBUTION REQUEST Please select either OPTION A or OPTION B below. Selecting both options will delay processing your distribution
More informationStreet Address. ( ) ( ) Marital Status: Daytime Telephone Number Evening Telephone Number Married Not Married
Marsh & McLennan Agency 401(k) Savings & Investment Plan REQUIRED MINIMUM DISTRIBUTION FORM Use this form to request a required minimum distribution following the attainment of age 70½ and your termination
More information403(b)(7) Distribution Form
403(b)(7) Distribution Form 800-525-1093 Use this form for one-time distributions and direct rollovers from your Janus Henderson 403(b)(7) account. If there has been a purchase or transfer into your Janus
More informationTraditional, SEP or SIMPLE IRA Distribution Form
ACCOUNT INFORMATION Your Name: Account Number: Type of IRA: [ ] Traditional IRA [ ] SEP IRA [ ] SIMPLE IRA Street Address: City: State: Zip Code: Telephone Number: Social Security Number: Date of Birth:
More informationName of Plan: Name: Date of Birth: Home Address: Phone: City: State: Zip:
PLAN INFORMATION PARTICIPANT INFORMATION DISTRIBUTION FROM A QUALIFIED PLAN SUBJECT TO QUALIFIED JOINT AND SURVIVOR ANNUITY This form must be preceded by or accompanied by QJSA Notices and Rollover Distribution
More informationARTICLE VI DISTRIBUTIONS UPON SEPARATION FROM SERVICE
ARTICLE VI DISTRIBUTIONS UPON SEPARATION FROM SERVICE 1.01 Eligibility for Distribution. A Participant may elect to commence distribution of benefits at any time after the date on which the Participant
More informationREQUIRED MINIMUM DISTRIBUTION (RMD) GUIDE. All you need to know about your RMD
REQUIRED MINIMUM DISTRIBUTION (RMD) GUIDE All you need to know about your RMD You have recently learned that, in accordance with federal tax law, you must start taking an annual minimum withdrawal from
More informationNational Administration Inc. APPLICATION FOR BENEFITS. Accurate. Reliable. Flexible
National Administration Inc. APPLICATION FOR BENEFITS Accurate Flexible Reliable APPLICATION FOR BENEFITS PAGE 1 OF 2 COMPANY NAME Section 1 DATE As a Participant in the above Plan, I hereby request payment
More informationIRAdirect Death Claim Process Training Aid
IRAdirect Death Claim Process Training Aid The death claim process begins when the financial organization is notified that the account holder is deceased. Legally, the notification can only be completed
More informationRetirement and Savings Plan Payment Rights Notice
Retirement and Savings Plan Payment Rights Notice Federal law requires that you receive information about any rights that you may have associated with a payment from the Cummins RSP. Please review the
More informationMinimum Distribution Request
Section A. Employer Information Company/ Employer Name Contract/Account No. Affiliate No. Minimum Distribution Request Division No. Section B. Participant Information Last Name First Name/MI Mailing Address
More informationPayment Rights Notice - Savings Plan
Updated January 2018 Your Benefits Resources http://www.yourbenefitsresources.com/ppg Payment Rights Notice - Savings Plan Federal law requires that you receive information about any rights that you may
More informationPayment Rights Notice - Rite Aid 401(k) Plan
Your Retirement Resources www.ybr.com/riteaid Customer Service Center 1-855-594-6214 between 9 a.m. and 6 p.m., Eastern time, Monday through Friday Payment Rights Notice - Rite Aid 401(k) Plan Federal
More informationDeath Benefit Distribution Claim Form Non-Spousal Beneficiary
Death Benefit Distribution Claim Form Non-Spousal Beneficiary READ THE ATTACHED IRS SPECIAL TAX NOTICE: IF THE PLAN ALLOWS FOR AN ANNUITY OPTION, READ THE WRITTEN EXPLANATION OF QUALIFIED JOINT AND 50%
More informationSPECIMEN NON-ERISA GOVERNMENTAL 403(b) PLAN Plan Summary
SPECIMEN NON-ERISA GOVERNMENTAL 403(b) PLAN Plan Summary University of Maine System Optional Retirement Savings Plan 403(b) VALIC Specimen Governmental 403(b) Plan Plan Summary Plan Name: University of
More informationSimple Individual Retirement Custodial Account Agreement
Simple Individual Retirement Custodial Account Agreement Form 5305-SA under Section 408(p) of the Internal Revenue Code FORM (Rev. April 2017) The participant named on the application is establishing a
More informationPurpose of Retirement Plans
IRA; 401k; 403b AND 457 Plans Distributions It s Your Estate October 10, 2013 Bradley S. Erdosi, Esq 18101 Von Karman Avenue, Suite 230 Irvine, CA 92612 (949) 261 5777 www.willsandtrustslaw.com Certified
More informationCOLLIERS INTERNATIONAL USA, LLC And Affiliated Employers 401(K) Plan NOTICE OF DISTRIBUTION ELECTION
COLLIERS INTERNATIONAL USA, LLC And Affiliated Employers 401(K) Plan NOTICE OF DISTRIBUTION ELECTION To: (Participant) Date: As a terminated participant in the Colliers International USA, LLC and Affiliated
More informationFORM 09R: RECURRING CASH WITHDRAWAL REQUEST Complete this form to request a monthly recurring cash withdrawal from your FCMM Retirement Plan Account
Free Church Ministers & Missionaries Retirement Plan 901 East 78th Street, Minneapolis, MN 55420-1300 (800) 995-5357 Fax (952) 853-8474 FORM 09R: RECURRING CASH WITHDRAWAL REQUEST Complete this form to
More informationSpecial Pay Plan Required Minimum Distribution (RMD) Form
For assistance completing this form, please refer to the checklist on page 2. Your Information Employer: Special Pay Plan Required Minimum Distribution (RMD) Form Return this completed form to: Mail: MidAmerica
More information18 Questions about Taking. from TRADITIONAL IRAs. Required Minimum Distributions. Napoleon Andrews. Compliments of
18 Questions about Taking Required Minimum Distributions from TRADITIONAL IRAs Compliments of Napoleon Andrews Napoleon Andrews President and Founder Napoleon S. Andrews has been in the financial services
More informationNotice Regarding Distributions to Terminated Participants: This notice explains what happens if the Distribution Election Form is not returned.
TO: FROM: RE: PLAN PARTICIPANT PREFERRED PENSION PLANNING CORPORATION 991 Route 22 West Bridgewater, NJ 08807 Phone: (908) 575-7575 Fax: (908) 575-8889 Email: distributions@preferredpension.com DISTRIBUTION
More informationSpecial Tax Notice Regarding Plan Payments
Special Tax Notice Regarding Plan Payments Your Rollover Options for Payments Not From A Designated Roth Account You are receiving this notice because all or a portion of a payment you receive from your
More informationIndividual Retirement Custodial Account Agreement
Individual Retirement Custodial Account Agreement Form 5305-A under Section 408(a) of the Internal Revenue Code FORM (Rev. December 2016) The depositor named on the application is establishing a Traditional
More informationWhat They Mean To You. proof
The New Retirement Distribution Rules: What They Mean To You 1 Overly complicated. That s only one of many criticisms aimed over the years at the IRS s required minimum distribution rules for taxfavored
More informationRequired Minimum Distributions
Himelick Financial Group Joseph W. Himelick, CLU, ChFC, MSFS Financial Planner 10900 Stonelake Blvd. Suite B-150 Austin, TX 78759 800-223-6983 joseph.himelick@himelickfinancialgroup.com www.himelickfinancialgroup.com
More informationDeath Benefit Distribution Claim Form Spousal Beneficiary
Death Benefit Distribution Claim Form Spousal Beneficiary READ THE ATTACHED IRS SPECIAL TAX NOTICE: IF THE PLAN ALLOWS FOR AN ANNUITY OPTION, READ THE WRITTEN EXPLANATION OF QUALIFIED JOINT AND 50% CONTINGENT
More informationr e q u e s t f o r r e q u i r e d m i n i m u m d i s t r i b u t i o n ( R M D )
r e q u e s t f o r r e q u i r e d m i n i m u m d i s t r i b u t i o n ( R M D ) Annuities are issued by Pruco Life Insurance Company, in New York, by Pruco Life Insurance Company of New Jersey and
More information