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24Request for Required Minimum Distribution (RED) Spousal Consent Not RequiredTEAMSTERUPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN Instructions Please print using blue or black ink. Send completed
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How to fill out taking your required minimum

01
Determine your required minimum distribution (RMD) amount by calculating your total retirement account balance at the end of the prior year and dividing it by your life expectancy factor from the IRS Uniform Lifetime Table.
02
Identify all retirement accounts subject to RMD rules, such as traditional IRAs, 401(k)s, 403(b)s, and other employer-sponsored retirement plans.
03
Ensure to take your RMD by the deadline, which is generally December 31st each year.
04
Withdraw the RMD amount from your retirement account(s) and report it on your tax return as taxable income.

Who needs taking your required minimum?

01
Individuals who are aged 72 and older with retirement accounts subject to RMD rules.
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It is the minimum amount that must be withdrawn from retirement accounts such as IRAs and 401(k)s each year once the account holder reaches a certain age.
Individuals who have reached the required age for mandatory withdrawals from retirement accounts.
The required minimum distribution can be calculated using the IRS Uniform Lifetime Table and then the withdrawal can be made from the retirement account.
The purpose is to ensure that individuals withdraw a minimum amount from their retirement accounts each year, to avoid penalties for not taking money out.
The amount of the required minimum distribution and the account from which it was withdrawn must be reported.
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