Sit Required Minimum Distribution Election Form
Description of Form
Request a Required Minimum Distribution from your Traditional, SEP or SIMPLE IRA
IRA Participants Use This Form:
When you turn 70½, you must begin taking distributions from your Traditional, SEP and SIMPLE IRAs. Sit Mutual Funds will calculate your required minimum distribution upon request. You may request systematic or one-time distributions.
Make sure you complete the federal and state tax-withholding sections.
IRA required minimum distributions may also be requested by telephone. Complete the IRA Telephone Redemption form to add this option to your account.