TIAA - How Do I Distribute My RMD When My TPA is Already Initiated? скачать в хорошем качестве

TIAA - How Do I Distribute My RMD When My TPA is Already Initiated?

TIAA Traditional - How do you distribute your TIAA RMD from an illiquid TPA that's already been initiated? #tiaatraditional #tiaa #tiaaa In this video, Greg Shepard of S&A Financial Services tackles a common issue faced by TIAA account holders: How to handle RMDs (Required Minimum Distributions) when your illiquid TPA (Transfer Payout Annuity) has already been initiated. Key points covered include: The Problem: You’ve already started a 10-year TPA directed to a rollover IRA, but you hit RMD age and realize your RMD requirement hasn’t been satisfied. The Solution: Submit a Minimum Distribution Option (MDO) Pension Form to temporarily terminate the TPA and ensure the RMD is distributed directly to you. Once the calendar year flips, reinstate the TPA to continue the distribution schedule. Manage any excess payments by manually rolling them into the IRA. Lessons Learned: Greg shares his personal experience with a similar situation and offers insights to avoid common pitfalls. Navigating TIAA’s complex systems often requires attention to detail and timely action. This strategy helps ensure you comply with RMD requirements while maintaining control over your assets. If you find yourself in this predicament, Greg can help you make sense of it all. =========================== Make sure to connect w/ us ➡ https://tiaasimplified.com 🔔 Make sure to subscribe here to get notifications of future videos @TIAAsimplified 📆 Jump on my calendar to see how we can simplify your TIAA life.... (copy & paste) https://calendly.com/greg-safinancial... 🎤 Explore the Podcast    • TIAA Simplified Podcast   email: [email protected] 913-521-2381 Disclosure S&A Financial Services, Inc. is a registered investment advisor. Content presented is for informational purposes only and should not be considered as investment advice or as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Always consult with your tax advisor or attorney regarding your specific situation.