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December 4, 2017Ms./Mr./Reverend/Bishop First name Last name Company (optional) Address City, State, ZI PRE: Required Minimum Distribution from Retirement Alasdair Ms./Mr./Reverend/Bishop Last name:As
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Required Minimum Distribution (RMD) is the minimum amount that must be withdrawn from a retirement account each year once the account holder reaches a certain age.
Individuals who have traditional IRAs, SEP IRAs, Simple IRAs, 401(k) s, or other qualified retirement accounts are required to file Required Minimum Distribution (RMD) forms.
To fill out a Required Minimum Distribution (RMD) form, the account holder must calculate and withdraw the minimum required amount from their retirement account and report this information to the IRS.
The purpose of Required Minimum Distribution (RMD) forms is to ensure that individuals with retirement accounts begin withdrawing funds and paying taxes on those funds once they reach a certain age.
Required Minimum Distribution (RMD) forms must report the amount withdrawn from the retirement account, the account balance, the account holder's age, and any taxes withheld.
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