---
tags: IRA, Alan, Priority 4
---
# Required Minimum Distribution letters for IRA
# notice_reqmindislet

@{
var throwError=true;
var jsonHelper = Model.GetJsonHelper(Model.Sequence.Data, throwError);

}

@jsonHelper.GetValue("technical.corDateR")<br/>
<br/>

Dear @jsonHelper.GetValue("Party.nameOne"),<br/>

Federal income tax regulations require us to give you notice regarding your Individual Retirement Account (IRA) at our institution.<br/>

According to our records, you must take a required distribution of @jsonHelper.GetValue("?") for the tax year @jsonHelper.GetValue("?"). This withdrawal from the specified IRA must be done by @Date?.<br/>

You may take the distribution from your IRA with us or another organization. Please complete the following section by selecting one option and returning this form to us.<br/>

- [x] I elect to take my required distribution from my IRA with Vast Bank.
- [ ] I elect to take my required distribution from my IRA at another Financial Institution until I give you written instruction otherwise.<br/>

For your convenience, we can automatically process your distribution per your request. The distribution can be done monthly, quarterly or annually, by check or deposit to your checking or savings account. Please contact us for further information.<br/><br/>

We must inform the IRS of all required minimum distributions for the year. You are advised to seek the guidance of a tax or legal professional because of the tax and financial consequences relating to distributions. The IRS website states &quot;If you do not take any distributions, or if the distributions are not large enough, you may have to pay a 50% excise tax on the amount not distributed as required.&quot;<br/><br/>

Vast Bank is entitled to rely fully on my election and I assume all responsibility for any consequences relating to this election. I also agree that Vast Bank is not responsible for those consequences.<br/>

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|Customer Signature|Date|
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|Custodian Signature Date|Date|