Bank Ira Form PDF Details

When individuals set out to withdraw funds from their Individual Retirement Accounts (IRAs), the process can seem daunting, but the Premiere Select® IRA Distribution Request form aims to streamline this necessary financial step. This form, utilized by account holders of Premiere Select Traditional, Roth, Rollover, SEP, or SIMPLE IRAs, including IRA Beneficiary Distribution Accounts (BDAs) or Roth IRA BDAs, is a critical tool in managing retirement funds. Handled through National Financial Services LLC (NFS), it accommodates requests for not only one-time distributions but also for setting up periodic or earnings distribution plans. The form meticulously requires account owners to fill in their full legal name and specific distribution details such as the reason for the distribution—which could vary from reaching the age of retirement, disability, premature withdrawal, or death distribution—to the desired distribution method. Whether the preference is a direct check, electronic funds transfer, bank wire, or transferring funds to a nonretirement account, the form covers various scenarios to ensure that the distribution process aligns with the account holder's needs. Importantly, the form also requires account owners to specify if they're altering an existing distribution plan, thereby necessitating only partial form completion. This detailed form underscores the flexibility and personalized approach NFS takes towards retirement planning and distributions, while also highlighting the importance of following specific instructions and providing accurate information to ensure the efficient processing of distribution requests.

QuestionAnswer
Form NameBank Ira Form
Form Length11 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min 45 sec
Other namesdistribution ira bank, bank ira form, bank ira distribution form, principal bank ira contribution form

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Premiere Select® IRA

Distribution Request

Account Number

Transaction ID  Broker Use Only

Use this form to request a distribution(s) from your Premiere Select Traditional, Roth, Rollover, SEP or SIMPLE IRA, IRA Beneficiary Distribution Account (BDA) or Roth IRA BDA, referred to as “IRA” or “account,” held through National Financial Services LLC (“NFS”). This form may be used to request a one-time distribution, periodic distribution or an earning distribution plan. Use one form for each IRA.

For some transactions, standing instructions must be on file prior to submitting this request. Complete the Premiere Select Standing Payment Instructions form to establish those instructions. Periodic and earnings distributions are not available to non-U.S. persons.

Read the attached Customer Instructions, Terms and Conditions before completing this form. Type on screen or fill in using CAPITAL letters and black ink. If you need more room for information or signatures, use a copy of the relevant page and include the account number, your signature and the date.

1. Account Owner

Full Legal Name  First, M.I., Last

Check one.

If changing a periodic distribution plan, complete ONLY sections with changes and sign in Section 8.

 One-Time Distribution  Complete Sections 2, 3, 5, 6 and 8.

 Periodic Distributions  Complete Sections 2, 4, 5, 6, 7 and 8.

Type of Periodic Request

 

 

  Establish   

  Change   

  Delete 

 

 

 

 

 

 

If you have multiple plans, include the plan ID number, which can be obtained from your

 

Plan ID

 

 

 

 

 

 

 

investment representative.

 

 

 

 

 

 

 

 

2.Reason for Distributions  Refer to instructions for default provisions if you do not make a choice in this section.

Check one.   Normal  Current age is 59½ or older.

  Premature  Current age is under 59½.

  Disability  Disabled as defined in IRC Section 72(m)(7) and current age is under 59½.   Death distribution  Taking distributions from an IRA BDA or Roth IRA BDA.

Reason Applicable to One-Time Distributions ONLY

  Return of Excess Contribution(s)

Rollover From your IRA paid directly to an employer-sponsored retirement plan for the benefit of you, the participant. Do not use this form for an IRA trustee-to-trustee transfer.

3. One-Time Distribution

Refer to instructions for further information.

Future Process Date  Optional

 

 

 

 

 

 

 

 

Note: By specifying a future process date, you are directing your Broker/Dealer to

Date  MM DD YYYY

 

 

 

 

 

 

 

 

schedule your one-time distribution on this specified date. If you do not specify

 

 

 

 

 

 

 

 

a future process date, your Broker/Dealer will execute your transaction request in

 

 

 

 

 

 

 

 

Distribution Instructions

accordance with standard procedures.

 

 

 

 

 

 

 

 

 

 

Check A and/or B or C, then provide any required information.

Refer to instructions for further information.

A. Partial Distribution in Cash

Amount

 

 

 

Transaction fees may apply and could reduce

$

 

 

 

 

 

 

 

 

 

 

 

amount of request.

 

 

 

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

  Gross Up  Optional. Increase partial cash distribution to include any taxes and transaction fees.

continued on next page

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3. One-Time Distribution  continued

Indicate the

number of shares or check “All.”

Fractional shares can be requested for mutual funds only.

B. Partial Distribution In-Kind

CUSIP or Symbol

Number of Shares/ALL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CUSIP or Symbol

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Shares/ALL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CUSIP or Symbol

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Shares/ALL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL

 

 

 

 

 

 

 

 

 

 

 

.

 

 

C. Full Distribution  Distribute entire IRA balance.

Return of Excess Contribution

Complete this section if Return of Excess Contribution(s) was chosen in Section 2. The section is generally only applicable to individuals required to file a U.S. tax return.

 

Date on which excess contribution was made:

 

 

 

 

 

 

 

 

 

 

 

 

Check one.

Before your tax filing deadline  Including extensions.

 

 

 

 

 

 

 

 

 

 

 

 

Date  MM DD YYYY

For Tax Year  YYYY

Tell us when you are

 

 

 

 

 

 

 

 

 

 

 

 

 

requesting the return of

After your tax filing deadline  Including extensions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

excess contribution.

Distribute the following excess contribution amount and attributable earnings, as indicated below.

 

Principal Amount

 

 

 

 

 

Earnings Amount

 

 

 

 

$

 

 

 

 

 

 

 

 

+

$

 

 

 

 

 

 

 

 

 

 

 

 

 

.

 

 

 

 

.

 

Redeposit as Current Year Contribution  Optional

=

Distribute to you

Total Amount  Principal + Earnings

 

 

$

.

0

Return of excess contributions are distributed to you unless requested to be redeposited as a current year contribution that does not exceed the allowable current year contribution.

The combined total

Redeposit as current year contribution

Distribute remainder to you

of these boxes must

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Year Amount

 

 

 

 

 

Distribution Amount

 

 

 

 

equal the Total Amount

$

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Principal + Earnings)

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

.

 

box above.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4. Periodic Distributions

Check one, A through F, and complete the Frequency of Periodic Distribution Payments.

Type of Plan

  A. Fixed Amount Plan

Amount

 

 

 

 

 

 

 

Distribute this amount per period:

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.

 

 B. Fixed Period Plan

Deplete the entire balance over:

No. of Years

If you select C, you must choose Single or Another individual’s life expectancy.

Complete if applicable.

  C. IRA BDA Life Expectancy Plan  Refer to instructions for default provisions if choices in this section are left blank.

  Single life expectancy of account owner   Another individual’s life expectancy:

Date of Birth  MM DD YYYY

  Include last year’s 12/31 market value

Amount

 

 

 

 

 

 

 

 

of an outstanding rollover, transfer, or

$

 

 

 

 

 

 

 

 

 

 

recharacterization amount:

 

 

 

 

 

 

.

 

continued on next page

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4. Periodic Distributions  continued

  D. Substantially Equal Periodic Payments (SEPP) Plan

Calculation Method

Check one.

  Amortization Calculation Method with assumed rate of return of:

Assumed Rate of Return

 

 

 

 

 

 

 

The actual investment return may be more or less than the assumed

 

 

 

 

 

 

 

.

 

%

 

rate of return.

 

 

 

 

 

 

 

 

 

  Life Expectancy Calculation

 

 

 

 

 

 

  RMD Calculation Method

 

 

 

 

 

 

Life Expectancy Factor  Not applicable if you selected RMD Calculation Method above.

 

Check one.

Complete if applicable.

 Single Life Expectancy of account owner

 Joint Life Expectancies of account owner and beneficiary

 Include last year’s 12/31 market value of an outstanding rollover, transfer, or recharacterization amount:

Amount

$

.

 

  E. Required Minimum Distribution (RMD) or Roth IRA Life Expectancy Distribution   See IRA BDA Life

Check all that apply.

  Recalculation due to a change in beneficiary

Expectancy Plan above.

 

 

  Defer first year RMD to the year following the year you turn age 70½

Not applicable to Roth IRA Life Expectancy distributions. Date must be included below.

   Calculate and distribute first year RMD on:

Date MM DD YYYY (Jan 1 - Apr 1 ONLY)

  Include last year’s 12/31 market value of an outstanding rollover, transfer, or recharacterization amount:

  RMD PLUS – increase your annual RMD by the amount of:

  Current Year RMD Adjustment – decrease your current year RMD amount by the following amount already distributed to you this year:

  F.  Earnings Plan

Amount

$

Amount

$

Amount

$

.

.

.

Check if applicable.

Check one.

Refer to the instructions for specific information on when payments will be made for Earnings Plans.

  Change existing Dividend, Interest, and Capital Gains Instructions to pay ALL mutual funds’ dividends and capital gains and ALL eligible securities’ dividend, interest, and capital gains in cash.

Frequency of Periodic Distribution Payments

  Monthly (M)  Every month.

  Daily* (D) 

 

 

 

 

* These additional options

 

 

 

 

 

 

 

 

 

Quarterly (Q)  Select the month that begins the first

  Weekly* (W)

 

 

are ONLY available for

quarter below. Earnings Plans payments will be made

  Weekly-PLUS* (F)

 

 

Earnings Plans.

in March, June, September and December.

 

 

 

 

  Semimonthly* (S)

 

 

 

 

Annually Select one month below. Not applicable to

 

 

 

 

  Custom Earnings Plan Day(s)/Month(s)* (X)

Earnings Plans.

  Custom  Select two or more months below.

Enter at least one day and select at least one month.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Day  DD

 

Day  DD

 

Day  DD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

You must select the

  Jan

  Feb

payment month(s) unless

  Jul

  Aug

you have selected

 

 

“Monthly” above.

 

 

Provide the Month and Month/Year  MM YYYY Year of the first withdrawal

(Effective Date).

Provide the Month and Month/Year  MM YYYY

Year of the final plan

withdrawal (End Date).

Optional.

  Mar

  Apr

  May

  Jun

  Sep

  Oct

  Nov

  Dec

Indicate the Day of the Month

 

 

 

Day  DD

 

each withdrawal will occur.

 

 

 

 

 

 

 

 

 

 

NOT applicable if requesting a Fixed Period Plan.

1.9869139.100

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5. Payment Method  Choose one. Refer to instructions for default provisions if choices in this section are left blank.

Check one and

  A. Check Distribution

provide additional

  B. Electronic Funds Transfer (EFT)

details, as applicable,

in this section.

 

 C. Bank Wire  Eligible for one-time distributions ONLY.

 D. Distribution to a Nonretirement Account (via Journal)

A. Check Distribution  Choose 1st Party Check or 3rd Party Check and provide additional details as applicable.

1st Party Check  Paid and mailed to name and mailing address on record.

Check one, if applicable.

  Use standing instructions on file

Line Number

OR

Additional Information  Not applicable when using standing instructions.

If you have multiple standing instructions, obtain the line number from your investment representative.

Information provided in the Memo field will print

on the check but will not appear visible in the window of the envelope.

Memo  maximum 30 characters

Check Stub Information  maximum 100 characters

3rd Party Check  Paid and/or mailed to an alternate name(s) and/or address.

Check one.

Use standing instructions on file Line Number

OR

Alternate Instructions Not applicable when using standing instructions.

If you have multiple standing instructions, obtain the line number from your investment representative.

Avoid any account number or SSN that compromises a customer’s identity. If needed, use the Memo and Check Stub Information fields.

Optional. Information provided in the Memo

field will print on the check but will not appear visible in the window of the envelope.

Payee

Attention  maximum 32 characters total including "Attn:"

 

 

 

Care of  maximum 32 characters total including "C/O"

Attn:

 

OR

 

C/O

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

State/Province

Zip/Postal Code

 

 

 

 

 

 

 

Memo  maximum 30 characters

 

 

 

 

 

 

 

 

 

 

 

 

 

Check Stub Information  maximum 100 characters

 

 

 

 

 

 

Your distribution check will be sent via regular mail unless you check this box and provide overnight mail instructions.

Overnight Mail  Optional for One-Time Check Distributions ONLY.

Specify overnight carrier and billing account

number.

Carrier Name

Carrier Account Number

 

 

Carrier Address  required for UPS only

continued on next page

1.9869139.100

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034970004

 

5.Payment Method  continued

B.Electronic Funds Transfer (EFT)  Choose 1st Party EFT or 3rd Party EFT and provide additional details as applicable.

 

When using EFT, allow 2–3 business days after the date the distribution is processed for funds to reach your bank or

 

credit union.

Check one.

  1st Party EFT  The name on the bank account and the IRA is the same.

 

To transfer funds via 1st Party EFT, you MUST have EFT standing instructions on your account.

Line Number

If you have multiple standing instructions, obtain the line number from your investment representative.

ONLY available for one-time distributions.

Check one.

Obtain the correct routing number from the

bank. Different routing numbers may be used for Bank Wires and EFT transactions.

 3rd Party EFT  The name(s) on the bank account and the IRA is (are) different.

  Use standing instructions on file

Line Number

If you have multiple standing

 

 

 

 

 

 

 

 

 

 

 

 

 

instructions, obtain the line number

OR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

from your investment representative.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternate Instructions  Not applicable when using standing instructions.

Checking

Savings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Routing Number

 

 

 

 

Bank Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Account Number

 

 

 

 

 

 

 

 

 

 

 

 

Owner(s) Name(s) Exactly as on Bank Account

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check one.

Check one.

C. Bank Wire  Available for one-time distributions ONLY. Choose 1st Party Bank Wire or 3rd Party Bank Wire and provide additional details as applicable.

A wire fee of $15 will be deducted from your distribution amount and will impact your tax reporting. Refer to the instructions for more information.

1st Party Bank Wire  The name on the bank account and the IRA is the same.

3rd Party Bank Wire  The name(s) on the bank account and the IRA is (are) different.

  Use standing instructions on file

 

 

 

 

 

 

 

 

 

 

 

If you have multiple standing

Line Number

instructions, obtain the line number from

 

 

 

 

 

 

 

 

 

 

 

 

 

OR

 

 

 

 

 

 

 

 

 

 

 

 

your investment representative.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alternate Instructions Not applicable when using standing instructions.

Obtain the correct routing number from the bank.

Different routing numbers may be used for Bank Wires and EFT transactions.

Use to provide an additional message to receiving bank.

Use for wiring through an intermediary bank.

If account is outside the U.S., provide this information.

Bank Routing Number

Bank Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank Account Number  Final destination

 

 

 

 

 

 

 

 

Owner(s) Name(s) Exactly as on Bank Account  3rd party only

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details

Further Credit Account Number

Further Credit Name

 

 

 

 

SWIFT Code

Destination Country

 

 

 

D. Distribution to a Nonretirement Account (via Journal)

  Use standing instructions on file Available for one-time distributions ONLY.

OR

  Distribute to the following account:

Line Number

Account Number

If you have multiple standing instructions, obtain the line number from your investment representative.

1.9869139.100

Page 5 of 6

034970005

 

How to Edit Bank Ira Form Online for Free

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Step 1: At first, choose the orange "Get form now" button.

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part 1 to writing merrill lynch ira distribution form

Please enter your information in the part If changing a periodic, Plan ID, If you have multiple plans include, Reason for Distributions Refer to, Check one Normal Current age is, Disability Disabled as defined in, Death distribution Taking, Reason Applicable to OneTime, Return of Excess Contributions, Rollover From your IRA paid, OneTime Distribution, Future Process Date Optional, Refer to instructions for further, Date MM DD YYYY, and Note By specifying a future.

part 2 to finishing merrill lynch ira distribution form

Note the fundamental data when you're within the Distribution Instructions, Check A andor B or C then provide, Refer to instructions for further, A Partial Distribution in Cash, Transaction fees may apply and, Amount, Gross Up Optional Increase partial, Page of, and continued on next page box.

Filling in merrill lynch ira distribution form part 3

The space OneTime Distribution continued, B Partial Distribution InKind, Indicate the number of shares or, CUSIP or Symbol, Number of SharesALL, Fractional shares can be requested, CUSIP or Symbol, Number of SharesALL, CUSIP or Symbol, Number of SharesALL, C Full Distribution Distribute, Return of Excess Contribution, ALL, ALL, and ALL will be where you add all sides' rights and responsibilities.

merrill lynch ira distribution form OneTime Distribution continued, B Partial Distribution InKind, Indicate the number of shares or, CUSIP or Symbol, Number of SharesALL, Fractional shares can be requested, CUSIP or Symbol, Number of SharesALL, CUSIP or Symbol, Number of SharesALL, C Full Distribution Distribute, Return of Excess Contribution, ALL, ALL, and ALL fields to insert

Look at the areas The combined total of these boxes, Redeposit as current year, Distribute remainder to you, Current Year Amount, Distribution Amount, Periodic Distributions, Check one A through F and complete, Type of Plan, A Fixed Amount Plan, Distribute this amount per period, B Fixed Period Plan, Deplete the entire balance over, Amount, No of Years, and C IRA BDA Life Expectancy Plan and thereafter fill them out.

part 5 to entering details in merrill lynch ira distribution form

Step 3: Hit the Done button to save your document. At this point it is readily available for upload to your gadget.

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