Required Minimum Distribution Reminder

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You are required by the Internal Revenue Service (IRS) to take a required minimum distribution (RMS) by April 1 of the year following the calendar year in which you reach age 70 ½ and by December 31 each subsequent year thereafter from your retirement accounts.  The first year following the year you reach age 70 ½ you will generally have two required distribution dates: an April 1 withdrawal (for the year you turn 70 ½), and an additional withdrawal by year end (for the year following the year you turn 70 ½).  To avoid having both of these amounts included in your income for the same year, you can make your first withdrawal by year end of the year you turn
70 ½  instead of waiting until April 1 of the following year.  If you need to make an RMD, please contact your financial advisor to help you request this distribution.  
RMDs generally are determined by dividing the prior year-end IRA balance by the life expectancy factor (or distribution period), as defined in IRS tables.  RMDs during your lifetime are based on a distribution period that can be determined using the Uniform Lifetime Table and your age.  
 

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