RMD Notifications Happening This Month

December 31, 2020
RMD Notifications Happening This Month

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 72 in 2021 or are already of RMD age.

We’ll send a packet of information and forms to::

  • Contract owners for whom 2021 is the first year that minimum distributions are required
  • Individuals who have reached 72 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 2021 RMD amount as of Dec. 31, 2020.

Have Questions or Need an RMD Quote?

Contact our service specialists at 800.247.6888 or send us a message.

 

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Updates From Admin