Looking for language to employee to take Minimum Required Distribution.

[cripp12]

Does anyone know where I can find language that can be sent stating that they need to take a Minimum Required Distribution etc. Thanks

[Belgarath]

I assume your Summary Plan Description has information to this effect. You could probably just copy the applicable page(s) to send with your cover letter.

[cripp12]

I assume your Summary Plan Description has information to this effect. You could probably just copy the applicable page(s) to send with your cover letter.

Sorry I meant the cover letter.

[WDIK]

Here are several ideas. Some are better than others.

Simple Approach

Dear Participant,

You need to take a Required Minimum Distribution, etc.

Scare Tactic Approach

Dear Participant,

PENALTIES! PENALTIES! PENALTIES!

If you do not take a Required Minimum Distribution, the government will take all of your retirement earnings!

High Tech Approach

Dear Participant,

Please visit the website www.youneedtotakearmd.com for more information.

Overkill Approach

Dear Pariticpant,

Please review the attached pertinent sections of the Internal Revenue Code and their corresponding regulations (attached hereto) to learn more about your Required Minimum Distribution. Please note that your account will be charged for the applicable $17.50 in postage.

A More Realistic Approach

1) Briefly explain the necessity of taking RMD’s.

2) Indicate the required beginning date.

3) Indicate the amount.

4) Explain any options available.

5) Note applicable tax consequences and possible penalties.

6) Set a deadline for a response.

7) Cordially thank the participant for allowing you to be of service.

[cripp12]

thank you.