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Sit IRA Distribution Form
Description of Form
Use the Sit IRA Distribution Form to request a withdrawal/distribution from your Traditional, Roth, Rollover or SEP IRA account.
Who Uses This Form?
IRA account holders who wish to take distributions from their IRA for the following reasons:
- Normal distribution (age 59½ and over)
- Early distributions (before age 59½) are subject to a 10% penalty; exceptions apply
- Remove excess contribution
- Permanent disability
- Death/beneficiary liquidation
- Establish substantially equal periodic payments
- Direct rollover to a qualified plan such as a 401(k)
- Qualified reservist distribution
- Required minimum distribution (after age 70½)
Other Information
A Medallion Signature Guarantee is required to send IRA distribution proceeds to someone other than the IRA owner.
Additional documentation may be required if you are taking a distribution for one of the following distribution reasons:
- Due to death/beneficiary liquidation
- Permanent disability
- Divorce/legal separation
IRA distributions may also be requested by telephone. Complete the IRA Telephone Redemption form to add this option to your account.
Sit IRA Distribution Form