天美棋牌

How to Take a Distribution from Your IRA

You can schedule a current year distribution from your individual retirement account (IRA) at any time. This Helpful Tips video illustrates how to add an external account to transfer to, future-date your distribution, choose tax withholding rates and more. Be sure to consult with your own legal or tax professional with any questions you have about IRA distributions and your situation.

1. If you are on your mobile device, ; otherwise, sign in to your 天美棋牌 account, choose 鈥淧ay & transfer鈥� and 鈥淭ransfer money鈥�
2. Choose the retirement account from which you want to take your distribution
3. Choose the account where you want your distribution to go; you can add an external account by clicking the 鈥淟ink an external account鈥� link
4. 鈥淒istribution reason鈥� is pre-selected based on your age
5. You can future-date your distribution by selecting a new 鈥淪end on鈥� date; depending on your distribution reason, you can toggle to 鈥淪et up repeating transfers鈥�
6. Review your selections and if everything looks good, choose 鈥淣ext鈥�
7. Read about tax withholding elections, check the box to acknowledge that you understand and choose 鈥淣ext鈥�
8. Information about tax withholding implications of IRA distributions will display; enter a gross distribution amount from which any tax withholdings will be deducted
9. Enter the 鈥淔ederal tax withholding rate鈥� using a whole number, which is the percentage that will be taken from your gross distribution; if you don鈥檛 want federal taxes withheld, enter zero (0) (this field cannot be left blank)
10. Choose an option for state tax withholding; your dropdown may default to a mandated option because tax withholding rules vary by state
11. Depending on your state鈥檚 tax withholding rules, the box may display a minimum amount or percentage; you can adjust this amount to be above the minimum; choose 鈥淣ext鈥�
12. Review your distribution information; check the box to agree to the terms and conditions, then choose 鈥淎uthorize distribution鈥�
13. Your distribution is scheduled; you can schedule another distribution or choose 鈥淐lose鈥�