The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York. Products and availability vary by state and are solely the responsibility of Standard Insurance Company.
RMD Notices Will Be in the Mail Soon
January 2, 2019
It’s January, and that means we’ll be mailing Required Minimum Distribution notifications by the end of the month. We’ll be notifying all owners of qualified deferred annuity contracts who will attain age 70½ in 2019 or are already of RMD age.
We’ll send a packet of information and forms to:
- Contract owners for whom 2019 is the first year minimum distributions are required
- Individuals who have attained age 70½ but have not elected to receive automatic distributions
- Owners subject to these requirements who are receiving payouts via an option other than RMD, such as scheduled interest paid as earned
Individuals who are already set up to receive automatic RMDs will receive only a letter disclosing their 2019 RMD amount as of December 31, 2018.
IRA owners, meanwhile, will get information about the Form 5498 mailing in May. They’ll be invited to call for a quote.
If you have any questions about your client's required minimum distribution or need an RMD quote, please contact our Service Specialists at 800.247.6888 or send us a message.
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Updates From Admin