MEFCU’s new Online Banking options will make managing your financial life surprisingly easy!
The perfect blend of secure and convenient online banking!
We have rolled out our new Online Banking platform with more options and more convenience everywhere you go!
We realize your busy lifestyle requires your financial resources to be available at every turn.
Each RMD must be withdrawn from its respective account.
Let's look at the following examples: Michael reached age 74 in 2013.Michael is required to adjust his previous year-end FMV by the recharacterized amount.This would make his RMD approximately ,605 - a ,403 difference.In March 2013, he contacted his IRA custodian for assistance with calculating his RMD.The custodian used Michael\'s previous year-end FMV of 0,000 and his distribution period of 23.8.
Should you inadvertently combine RMD amounts for different types of retirement plans, an RMD shortfall will result for the retirement plan from which you withdrew no RMD.