Consolidating ira

If you'd like to keep your RMD money invested, you can exchange it into a taxable account.

We offer more than 80 no-load funds, including asset allocation portfolios.

Learn more If you take your first distribution between January 1 and April 1 of that year, you must take your next distribution on or before December 31 of the same year.

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Find your age on the "Distribution Periods" table from the IRS below to determine the number of years to use in your calculation.

However, if you prefer, you may request that we take your distribution from a specific account.

Note: Consolidating your IRAs can make tracking your RMDs easier.

Missing the deadline has consequences as you are subject to a 50% penalty tax on your withdrawal amount.

Generally, at age 70½, you must begin making annual withdrawals from most IRAs and employer-sponsored retirement plans, such as a 401(k).

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