Beneficiary Payment Options for Traditional IRAs (Death Before Required Beginning Date)
|
|
- Harry Palmer
- 6 years ago
- Views:
Transcription
1 Beneficiary Payment Options Beneficiary Payment Options for Traditional IRAs (Death Before Required Beginning Date) Frequently Asked Questions Payment Options Payment Flexibility Withholding Elections
2 TABLE OF CONTENTS INTRODUCTION... 1 FREQUENTLY ASKED QUESTIONS PAYMENT OPTIONS Lump-Sum Payment Transfer Transfer to Surviving Spouse s IRA (Option 2) Transfer to Inherited IRA at a Different Organization (Option 3) Payments of a Predetermined Length or Amount From an Inherited IRA at the Current Organization Payments Over Five Years (Option 4b).. 6 Payments Over a Term (Option 4c)... 6 Payments of a Specific Amount (Option 4g) Life Expectancy Payments From an Inherited IRA at the Current Organization.. 7 Spouse Beneficiary (Option 4d) Nonspouse Beneficiary (Option 4f)... 8 Nonperson Beneficiary... 8 Other Beneficiary Responsible (Option 5)... 8 PAYMENT FLEXIBILITY Payment Frequency Additional Withdrawals Changes in Payments WITHHOLDING ELECTIONS Federal Withholding State Withholding Changes in Withholding... 10
3 INTRODUCTION This booklet is intended for Traditional IRA beneficiaries to use when a Traditional IRA owner dies before the required beginning date for required minimum distributions (RMDs), which is April 1 of the year following the year the IRA owner would have reached age 70½. We hope you find this booklet helpful in making a decision about how to receive your assets from this IRA. The information in this booklet is not intended as tax advice. For guidance regarding payment decisions, consult a competent tax professional or financial planner. 1
4 FREQUENTLY ASKED QUESTIONS Are payments from this IRA subject to income tax? Yes. All or part of the assets you receive from this IRA are subject to income tax. A portion of the assets may be exempt from tax if the deceased IRA owner made nondeductible contributions to the IRA or rolled over previously taxed assets from an employer-sponsored retirement plan to the IRA. How much of my distribution will be taxable income? In January, following the year of distribution, we will send you a Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit- Sharing Plans, IRAs, Insurance Contracts, etc., reporting how much money we distributed to you in the previous year. We cannot tell you how much of the distribution is taxable because we do not have this information. You can obtain this information from the deceased IRA owner s tax records. Why am I required to receive payments? IRAs were created to help individuals save for retirement; they were not intended to permanently shelter IRA assets from taxation. Therefore, IRS regulations that control the taxation of IRAs require beneficiaries to take annual life expectancy payments or to deplete the IRA within a certain amount of time. Various payment options are available. 2
5 Why are there multiple payment options? The variety of payment options allows you to select the best option for your situation. May I transfer the assets to my primary financial organization? Yes. For more information, see Transfer to Inherited IRA at a Different Organization (Option 3). Does the IRA continue to earn interest after I begin receiving payments? For questions related to earnings and investments, contact one of our IRA representatives. May I change the IRA investments after I begin receiving payments? For questions related to earnings and investments, contact one of our IRA representatives. May I designate my own beneficiaries to receive the assets if I die before receiving all of my payments? Contact one of our IRA representatives to discuss your option to name a beneficiary for this inherited IRA. Who can I contact for more information about choosing a payment option? For advice regarding your payments, contact a competent tax advisor or professional financial planner. If you have any other questions, or want to know whether our financial organization offers professional financial planning services, contact one of our IRA representatives. 3
6 PAYMENT OPTIONS All payment options are described in this section, but only the payment options available specifically to you (as a spouse, nonspouse, or nonperson beneficiary) are provided on the enclosed Beneficiary Payment Election form. Lump-Sum Payment You can receive all of your beneficiary assets in one single lump-sum payment (Option 1). Before electing this option, you may wish to consider the tax consequences of receiving this amount in one year. You may elect to receive all of the assets immediately (Option 1a), or you may delay the payment as late as the date indicated (Option 1b). Transfer Transfer to Surviving Spouse s IRA (Option 2) If you are the deceased IRA owner s spouse, you may transfer all or part of the IRA assets to a Traditional IRA in your name. Nonspouse and nonperson beneficiaries do not have this option. If you make this transfer after the year in which the IRA owner died, and you are age 70½ or older, your required minimum distribution (RMD) is based on the original IRA owner s prior-year December 31 account balance. You may elect to transfer the assets immediately (Option 2a), or you may delay the transfer as late as the date indicated (Option 2b). 4
7 Tip: If you are the IRA owner s spouse and you are under age 59½, you may choose to leave the assets in an inherited IRA until you reach age 59½. Doing so allows you to withdraw assets from the deceased owner s IRA without having to pay the 10 percent early distribution penalty tax, which generally applies to distributions from your own IRA before you reach age 59½. If you leave the assets in an inherited IRA, you must take life expectancy payments each year while the assets remain in that account, beginning the year your deceased spouse would have turned age 70½. If you transfer the assets into your own IRA, you are not required to take distributions until you reach age 70½. Transfer to Inherited IRA at a Different Organization (Option 3) Whether you are a spouse, nonspouse, or nonperson beneficiary, you may transfer the IRA assets to an inherited IRA at a financial organization of your choice. Confirm that the other financial organization will accept this type of transfer before you start the transaction. The receiving IRA is subject to the same beneficiary distribution rules as the deceased IRA owner s IRA. You cannot make contributions to the receiving IRA, and you cannot use a rollover to move the assets to the receiving IRA. You can transfer the assets before or after you start receiving beneficiary payments. If it is the year after death or later, you may choose to take a life expectancy payment for the current year (if required for that year) before starting the transfer. You may also choose to take a payment from the receiving IRA at the new organization or from another inherited IRA that you received from the same deceased IRA owner. 5
8 Payments of a Predetermined Length or Amount From an Inherited IRA at the Current Organization Payments Over Five Years (Option 4b) You can receive one or more payments of any amount that result in all of the assets being distributed to you by December 31 of the fifth year following the IRA owner s death. Other than a lump-sum payment, this is the only beneficiary distribution option available to a nonperson beneficiary (estate, nonqualified trust, or organization). Payments Over a Term (Option 4c) A spouse, nonspouse, or qualified trust beneficiary may elect annual payments over any number of years that do not exceed the applicable life expectancy. The applicable life expectancy depends on the beneficiary s relationship to the deceased IRA owner. Spouse or Nonspouse Beneficiary You must select a number of years that is less than or equal to your own life expectancy or that of the oldest beneficiary (whichever is applicable). Qualified Trust Beneficiary If all beneficiaries of the trust are persons, you may select a number of years that is less than or equal to the life expectancy factor of the trust s oldest primary beneficiary. If a nonperson is among the trust beneficiaries, a lump-sum distribution or payments over five years are the only distribution options available. For payments over a term, the first year s payment must be made by December 31 of the year following the year of the IRA owner s death. 6
9 Payments of a Specific Amount (Option 4g) A spouse, nonspouse, or qualified trust beneficiary may elect payments of a specific dollar amount per payment (or the calculated life expectancy payment for the year, whichever is greater). If you request a specific amount that is less than your calculated life expectancy payment for the year, we will increase your requested payment to meet the required amount. The first year s payment must be made by December 31 of the year following the year of the IRA owner s death. Life Expectancy Payments From an Inherited IRA at the Current Organization Spouse Beneficiary (Option 4d) If you are the deceased IRA owner s spouse, you may receive payments calculated using your life expectancy based on your age in the year in which each payment is made. The first year s payment must be made by the later of the following dates. December 31 of the year following the year of the IRA owner s death December 31 of the year the IRA owner would have attained age 70½ A qualified trust for the sole benefit of the surviving spouse during the spouse s lifetime has the same option of calculating payments using the surviving spouse s life expectancy. 7
10 Nonspouse Beneficiary (Option 4f) If you are a nonspouse beneficiary, you may receive payments calculated using your life expectancy or that of the oldest beneficiary (whichever is applicable). The payment for the first year is based on your age (or the oldest beneficiary s age) in that year. Subsequent payments are calculated by reducing the life expectancy used in the preceding year by one. For example, if the life expectancy one year is 24.4, the life expectancy for the following year would be The first year s payment must be made by December 31 of the year following the year of the IRA owner s death. Nonperson Beneficiary A nonperson beneficiary often is a trust, an estate, or an organization. The only nonperson beneficiary that may use the life expectancy payment option is a qualified trust. Qualified Trust Beneficiary (Option 4e) A qualified trust generally can receive payments over the trust s oldest primary beneficiary s life expectancy. The first year s payment must be made by December 31 of the year following the year of the IRA owner s death. Other Beneficiary Responsible (Option 5) Any beneficiary may select this option and assume responsibility for calculating and withdrawing the required amount each year from the inherited IRA held at the current financial organization. 8
11 PAYMENT FLEXIBILITY Payment Frequency You can elect to receive payments in monthly, quarterly, semi-annual, or annual installments. Additional Withdrawals You can make withdrawals in addition to the scheduled payments. Tell one of our IRA representatives that you would like to complete a Traditional IRA Withdrawal Authorization form to make additional withdrawals. Changes in Payments If you initially select payments over the applicable life expectancy, you can later change to payments over a shorter time period. If you initially select payments over a shorter time period than the applicable life expectancy, you can later change to payments over that life expectancy. In either case, contact one of our IRA representatives to make the change. 9
12 WITHHOLDING ELECTIONS Federal Withholding We are required by law to withhold 10 percent from your payments to apply toward federal taxes unless you elect to not withhold or to withhold more than 10 percent. State Withholding State withholding also may apply to your payments, depending on the state in which you live. Changes in Withholding To change your withholding election in the future, contact one of our IRA representatives. This information is not intended as tax advice. Please consult a tax professional (Rev. 1/2018) 2018 Ascensus, LLC. All Rights Reserved.
Required 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 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 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 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 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 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 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 informationGENERAL INCOME TAX INFORMATION
GENERAL INCOME TAX INFORMATION TABLE OF CONTENTS Taxes on Loans from the Annuity Savings Fund 1 (Tier 1 and 2 Members Only) Taxes on the Withdrawal of the Annuity Savings Fund at Retirement 2 (Tier 1 and
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 informationDeferred Compensation Plan Request for Distribution of Funds
Deferred Compensation Plan Request for Distribution of Funds 1. Personal Information Name Social Security # Address City State Zip Code Date of Birth Telephone Number (day) (night) 2. Eligibility Termination
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 informationTax Information for Pension Distributions
Tax Information for Pension Distributions Information for: All Funds This fact sheet summarizes only the federal (not state or local) tax rules that might apply to your payment. The rules described below
More informationSpecial Tax Notice Regarding Distributions*
1901 Chestnut Avenue Glenview, Illinois 60025-1604 1-800-851-2201 wespath.org Special Tax Notice Regarding Distributions* Your Options You are receiving this notice because all or a portion of a Plan distribution
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 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 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 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 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 informationRollover Distribution Notice
Rollover Distribution Notice GENERAL INFORMATION This notice contains important information you need before you decide how to receive your retirement plan benefits. This notice is provided to you by your
More informationAugust We look forward to helping you plan for and live well in retirement.
August 2017 e re sending you the enclosed Special Tax Notice because you re currently receiving withdrawals from your tax-deferred TIAA retirement accounts. You don t need to take any action. e re required
More informationDEFERRED COMPENSATION REQUEST FOR DISTRIBUTION OF FUNDS - City of Costa Mesa, CA
CALIFORNIA 457 BENEFITS Plan Administration & Investment Advice DEFERRED COMPENSATION REQUEST FOR DISTRIBUTION OF FUNDS - City of Costa Mesa, CA IMPORTANT-REMEMBER TO PRINT LEGIBLY IN BLACK OR BLUE INK
More informationExtending Retirement Assets: A Stretch IRA Review
Extending Retirement Assets: A Stretch IRA Review Are you interested in the possibility of using the funds in your traditional IRA to provide income to one or more generations of family members? Table
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 informationDistribution options summary
Distribution options summary For Governmental 457(b) Deferred Compensation Plans (for pre-tax deferral only) The Voya family of companies is committed to providing you with the information you need to
More informationAnnuity Answer Booklet
Annuity Answer Booklet Explanations of Annuity Concepts and Language Standard Insurance Company Annuity Answer Booklet Explanations of Annuity Concepts and Language Annuity Definition... 3 Interest Rates...
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 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 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 informationchart RETIREMENT PLANS 8 RETIREMENT PLAN BENEFITS AVAILABLE RETIREMENT PLANS Retirement plans available to self-employed individuals include:
retirement plans Contributing to retirement plans can provide you with financial security as well as reducing and/or deferring your taxes. However, there are complex rules that govern the type of plans
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 Options. For Defined Contribution and 403(b) Plans Without Life Annuities
Distribution Options For Defined Contribution and 403(b) Plans Without Life Annuities Take the Time to Decide What will you do with your retirement savings? Life is full of changes. We retire. We change
More informationWESTERN CONFERENCE OF TEAMSTERS PENSION PLAN ROLLOVER DISTRIBUTION ELECTION FORM
WESTERN CONFERENCE OF TEAMSTERS PENSION PLAN ROLLOVER DISTRIBUTION ELECTION FORM Participant s Name (First) (M.I.) (Last) Customer ID Social Security Number - - Benefit Effective Date Benefit Type Payable
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 informationMutual Fund Systematic Withdrawal Form Group ID# Group ID# Group ID#
Mutual Fund Systematic Withdrawal Form Group ID# 53677001 Group ID# 53924001 Group ID# 54107001 1. CLIENT INFORMATION Name: SSN or Tax ID: Age: Under 59½ 59½ or older Daytime Phone: ( ) Date of Birth:
More informationNATIONAL WESTERN LIFE INSURANCE COMPANY YOUR ROLLOVER OPTIONS
NATIONAL WESTERN LIFE INSURANCE COMPANY YOUR ROLLOVER OPTIONS This notice explains how you can continue to defer federal income tax on your retirement savings and contains important information you will
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 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 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 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 informationDEATH BENEFIT DISTRIBUTION CLAIM
DEATH BENEFIT DISTRIBUTION CLAIM - 2 DEATH BENEFIT DISTRIBUTION CLAIM INSTRUCTIONS AND OPTIONS You have been named a beneficiary of a Plan Participant s assets in the New York State Deferred Compensation
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 informationSPECIAL TAX NOTICE REGARDING PLAN PAYMENTS
SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This Special Tax Notice Applies to Distributions from Section 401(a) Plans, Section 403(a) Annuity Plans, Section 403(b) Tax Sheltered Annuities and Section 457
More informationNet Plan Lump Sum Tax Supplement Payment
Content Frequently Asked Questions Net Plan Lump Sum Tax Supplement Payment (for U.S. Citizens and U.S. Residents in the Net Pension Plan receiving lump sum retirement payments upon separation) A. Description
More informationT. Rowe Price Traditional and Roth IRA Disclosure Statement and Custodial Agreement T. Rowe Price Privacy Policy
T. Rowe Price Traditional and Roth IRA Disclosure Statement and Custodial Agreement T. Rowe Price Privacy Policy Effective November 2016 TABLE OF CONTENTS DISCLOSURE STATEMENT Introduction 3 Section I
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 informationSPECIAL TAX NOTICE REGARDING PLAN PAYMENTS
SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will
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 informationSTD N402F ][03/14/16)( (f) NOTICE OF SPECIAL TAX RULES ON DISTRIBUTIONS
402(f) NOTICE OF SPECIAL TAX RULES ON DISTRIBUTIONS For Payments Not From a Designated Roth Account YOUR ROLLOVER OPTIONS You are receiving this notice because all or a portion of a payment you are receiving
More informationRetirement Plan Distribution Request Form
CUNA Mutual Retirement Solutions Phone: 800.999.8786 Fax: 608.236.8017 BenefitsForYou.com Retirement Plan Distribution Request Form DEFINED CONTRIBUTION PLANS INCLUDING 401(K), PROFIT SHARING, AND 403(B)
More informationSurvivor Benefits Request
Instructions For all claims, include a certified copy of the participant's death certificate, proof of claimant's age, and any other required information as indicated. If the claimant is a contingent beneficiary,
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 informationSystematic Withdrawal
Systematic Withdrawal The Variable Annuity Life Insurance Company (VALIC), Houston, Texas 1. client Information Name: SSN or Tax ID: Age: Under 59½ 59½ or older Daytime Phone: ( ) Date of Birth: Account
More informationRequired Rollover and Tax Notice for Lump Sum Distributions
Required Rollover and Tax Notice for Lump Sum Distributions Your Rollover Options You are receiving this notice because all or a portion of a payment you are receiving from the Pension Plan and Trust of
More informationAMERUS LIFE INSURANCE COMPANY
AMERUS LIFE INSURANCE COMPANY IRA DISCLOSURE STATEMENT INTRODUCTION This Individual Retirement Annuity ("IRA") is an annuity contract issued by AmerUs Life Insurance Company ("AMERUS") to fund an individual's
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 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 informationFor Payments Not From a Designated Roth Account
Applies to Sections 401 and 403 SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS Retain For Your Records This notice is provided to you by Prudential Financial, Inc., on behalf of the plan administrator ( Plan
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 informationGwinnett County Public Schools
Gwinnett County Public Schools PST Retirement Plan Internal Revenue Service (IRS) Information 2002-2 I.R.B.(Modified 1-1-2009) Safe Harbor Explanation for Plans Qualified Under Section 401(a), Section
More informationSPECIAL FEDERAL TAX NOTICE (for eligible rollover distributions from MOSERS) TABLE OF CONTENTS
SPECIAL FEDERAL TAX NOTICE (for eligible rollover distributions from MOSERS) You are receiving this notice because all or a portion of a payment you are receiving from the Missouri State Employees Retirement
More informationIMPORTANT INFORMATION REGARDING DISTRIBUTIONS FROM YOUR 401(K) ACCOUNT
IMPORTANT INFORMATION REGARDING DISTRIBUTIONS FROM YOUR 401(K) ACCOUNT All distributions are issued in the form of a check, mailed to your address on file. Please make sure to have proper payee information
More informationDEATH BENEFIT DISTRIBUTION CLAIM
DEATH BENEFIT DISTRIBUTION CLAIM - 2 INSTRUCTIONS AND OPTIONS DEATH BENEFIT DISTRIBUTION CLAIM Your distribution options depend on whether the participant died before or after their Required Beginning
More informationQUALIFIED RETIREMENT PLAN AND 403(b)(7) CUSTODIAL ACCOUNT DISTRIBUTION REQUEST FORM
QUALIFIED RETIREMENT PLAN AND 403(b)(7) CUSTODIAL ACCOUNT DISTRIBUTION REQUEST FORM The Employee Retirement Income Security Act of 1974 (ERISA) requires that you receive the information contained in this
More informationACKNOWLEDGMENT OF TERMINATION, REFUND OF ACCUMULATED CONTRIBUTIONS, DEFERRED VESTED BENEFIT ELECTION FORM
ACKNOWLEDGMENT OF TERMINATION, REFUND OF ACCUMULATED CONTRIBUTIONS, DEFERRED VESTED BENEFIT ELECTION FORM ARLINGTON COUNTY EMPLOYEES SUPPLEMENTAL RETIREMENT SYSTEM 2100 CLARENDON BOULEVARD SUITE 511 ARLINGTON,
More informationMailing Address: P.O. Box 9394 Des Moines, IA FAX (866)
Mailing Address: P.O. Box 9394 Des Moines, IA 50306-9394 FAX (866) 704-3481 Principal Life Insurance Company Complete this form to withdraw part of your retirement funds while still employed. Participant
More informationLast Name First Name MI
Marsh & McLennan Companies 401(k) Savings & Investment Plan IN-PLAN ROTH CONVERSION REQUEST FORM Use this form as an active or terminated participant to request an In-Plan Roth conversion from your after
More informationT. Rowe Price Traditional and Roth IRA Disclosure Statement and Custodial Agreement T. Rowe Price Privacy Policy
T. Rowe Price Traditional and Roth IRA Disclosure Statement and Custodial Agreement T. Rowe Price Privacy Policy March 2018 TABLE OF CONTENTS DISCLOSURE STATEMENT Introduction 3 Section I Revocation 3
More informationSPECIAL TAX NOTICE REGARDING PLAN PAYMENTS (For Participant) A. TYPES OF PLAN DISTRIBUTIONS
SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS (For Participant) This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information
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 informationRequired Rollover and Tax Notice for Lump Sum Distributions
Required Rollover and Tax Notice for Lump Sum Distributions Your Rollover Options You are receiving this notice because all or a portion of a payment you are receiving from the Pension Plan and Trust of
More informationLegends Gaming, LLC Employees 401(k) Plan
Legends Gaming, LLC Employees 401(k) Plan ON-LINE DISTRIBUTION FORMS PACKAGE To: Plan Participant From: Retirement Direct The distribution you are entitled to receive from the above Plan is an eligible
More informationNotice of SIMPLE IRA Document Amendment. December 28, Dear SIMPLE IRA Sponsor:
Notice of SIMPLE IRA Document Amendment December 28, 2017 Dear SIMPLE IRA Sponsor: We have amended your SIMPLE IRA documents to remain compliant with IRS requirements and have enclosed an amendment packet
More informationSPECIAL TAX NOTICE REGARDING PLAN PAYMENTS
SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will
More informationTRADITIONAL IRA DISCLOSURE STATEMENT
TRADITIONAL IRA DISCLOSURE STATEMENT RIGHT TO REVOKE YOUR IRA ACCOUNT The W-2 form will have a check in the "retirement plan" box if you are covered by a retirement plan. You can also obtain IRS Notice
More informationRoth Beneficiary IRA Amendment
Roth Beneficiary IRA Amendment Dear Roth Beneficiary IRA Accountholder: The purpose of this Amendment is to incorporate changes in law and policy that affect your Roth beneficiary IRA agreement. This Amendment
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 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 informationSavings Banks Employees Retirement Association
Savings Banks Employees Retirement Association IN-PLAN ROTH CONVERSION ELECTION FORM PLEASE NOTE: Your Plan must allow In-Plan Roth Rollovers Participant Name: (Please Print) Certificate No. Current Address
More informationTraditional Individual Retirement Account (Trust) Disclosure Statement
Traditional Individual Retirement Account (Trust) Disclosure Statement This Disclosure Statement contains important information about traditional Individual Retirement Accounts ( traditional IRA ) described
More informationSPECIAL TAX NOTICE REGARDING PAYMENTS FROM QUALIFIED PLANS Excerpted from IRS Notice
SPECIAL TAX NOTICE REGARDING PAYMENTS FROM QUALIFIED PLANS Excerpted from IRS Notice 2002-3 This notice explains how you can continue to defer federal income tax on your retirement savings in your Employer
More informationIN-SERVICE DISTRIBUTION
Plan Year 1999-2000 IN-SERVICE DISTRIBUTION FOR PERSONS 59 1/2 YEARS OF AGE OR OLDER Use this form to request a qualified distribution from your 401(k) account with our company plan if you are Still employed
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 informationQUALIFIED RETIREMENT PLAN AND TRUST. Volume Submitter Summary Plan Description Booklet
QUALIFIED RETIREMENT PLAN AND TRUST Volume Submitter Summary Plan Description Booklet Introduction Your Employer has adopted an Employee benefit plan designed to help you meet your financial needs during
More informationA GUIDE TO YOUR PAYMENT OPTIONS
A GUIDE TO YOUR PAYMENT OPTIONS MASTER RETIREMENT PLAN PAYMENT OPTIONS Several payment options are available to you from your Master Retirement Plan benefit. Each, paid monthly, is called an annuity. It
More information403(b) ROLLOVER OPTIONS
You are receiving this notice because all or a portion of the non-systematic distribution you are to receive from your TCA by E*TRADE account (the Plan ) is eligible to be rolled over to an IRA or an employer
More informationSpecial Tax Notice (This notice is required by the Internal Revenue Service.)
Special Tax Notice (This notice is required by the Internal Revenue Service.) YOUR ROLLOVER OPTIONS You are receiving this notice because all or a portion of a payment you are receiving from your employer
More informationTable of Contents. 1. GENERAL Disclosure Statement and Master Terms of Individual Retirement Accounts Definitions...
i Table of Contents 1. GENERAL... 1 1.1 Disclosure Statement and Master Terms of Individual Retirement Accounts... 1 1.2 Definitions... 1 2. IRA ESTABLISHMENT AND ELIGIBILITY... 3 2.1 Establishing an IRA...
More informationAPPLICATION FOR FULL REFUND
Municipal Employees Annuity and Benefit Fund of Chicago 221 North LaSalle Street, Suite 500, Chicago, Illinois 60601 Telephone: 312-236-4700 Fax: 312-236-2383 www.meabf.org APPLICATION FOR FULL REFUND
More informationTaking Money Out of Retirement Plans
Taking Money Out of Retirement Plans Twila Slesnick, PhD, Enrolled Agent John C. Suttle, CPA, Attorney Chapter 1 Types of Retirement Plans... 1 Learning Objectives... 1 Introduction... 1 Qualified Plans...
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 informationS ta te of Connecticut de fer red co mpensatio n Plan. distribution options TAKING WITHDRAWALS FROM YOUR PLAN ACCOUNT
S ta te of Connecticut de fer red co mpensatio n 4 5 7 Plan distribution options TAKING WITHDRAWALS FROM YOUR PLAN ACCOUNT by participating in the State of Connecticut Deferred Compensation 457 Plan,
More informationDistribution Options. For Defined Contribution and 403(b) Plans Without Life Annuities
Distribution Options For Defined Contribution and 403(b) Plans Without Life Annuities Take the Time to Decide What will you do with your retirement savings? Life is full of changes. We retire. We change
More informationFrequently Asked Questions: QUALIFIED RETIREMENT PLAN DISTRIBUTIONS
Frequently Asked Questions: QUALIFIED RETIREMENT PLAN DISTRIBUTIONS These frequently asked questions and answers are provided for general information purposes only and should not be cited as any type of
More informationBeneficiary Distribution Request Form
CUNA Mutual Retirement Solutions Phone: 800.999.8786 Fax: 608.236.8017 BenefitsForYou.com Beneficiary Distribution Request Form DEFINED CONTRIBUTION PLANS INCLUDING 401(K), PROFIT SHARING, AND 403(B) The
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 informationThe Sector Rotation Fund
The Sector Rotation Fund SEP-IRA Including: Custodial Agreement Disclosure Statement Financial Disclosure Dated June 27, 2011 (This page was intentionally left blank.) TABLE OF CONTENTS HOW TO ESTABLISH
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 informationParticipant Distribution Notice
Participant Distribution Notice Plan Name: CITGO Petroleum Corporation Employees' Retirement and Savings Plan Plan Number: 87084 Date Generated: October 16, 2014 The CITGO Petroleum Corporation Employees'
More informationImportant Tax Information About Payments From Your TSP Account
Important Tax Information About Payments From Your TSP Account Before you decide how to receive the money in your Thrift Savings Plan (TSP) account, you should review the important information in this
More information