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VOYA REQUIRED MINIMUM DISTRIBUTION ELECTION FORM P.O. Box 534480 Pittsburgh, PA 152534480 18009920180 Note: Failure to withdraw your RMD amount by the applicable deadline could result in a 50% penalty

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How to fill out voya required minimum distribution

01

Log in to your Voya account online or call Voya customer service.

02

Locate the required minimum distribution (RMD) section on your account.

03

Enter the amount you would like to withdraw as your RMD.

04

Select the method of payment (e.g. check, direct deposit).

05

Confirm the transaction and review the details before submitting.

Who needs voya required minimum distribution?

01

Individuals who have reached the age of 72 (or 70 ½ if born before July 1, 1949) and have a tax-deferred retirement account with Voya are required to take RMDs.

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What is voya required minimum distribution?

Voya required minimum distribution (RMD) refers to the minimum amount that must be withdrawn from a retirement account, such as a traditional IRA or 401(k), once the account holder reaches a certain age.

Who is required to file voya required minimum distribution?

Individuals who are 72 years old or older, or those who have inherited retirement accounts, are required to take RMDs from their Voya retirement accounts.

How to fill out voya required minimum distribution?

To fill out the Voya RMD form, you typically need to provide personal information, details of the retirement account, and specify the amount you wish to withdraw as your required minimum distribution.

What is the purpose of voya required minimum distribution?

The purpose of Voya required minimum distribution is to ensure that individuals withdraw a portion of their retirement savings during their lifetime and pay taxes on that withdrawn amount.

What information must be reported on voya required minimum distribution?

The information required typically includes the account owner's name, Social Security number, account number, total account balance, and the calculated RMD amount.

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