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IRA Distribution Request
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IRA Distribution Request
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Request Cancelled

IRA Distribution Request
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PaperRequest

IRA Distribution Request
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Request Pending

We have received a request that is currently in-progress, if you wish to submit a new request online or have questions please contact client service at www.mtrustcompany.com/contact

If any additional documentation is required, we will attempt to reach you by phone and/or email.

Requirements

IRA Distribution Request
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Distribution Request Checklist
To request a distribution you will need:
Identifying information -Tax identification no. (e.g. social security number), date of birth, etc. Contact information - Legal residential address, e-mail address, phone no. Reason for distribution – e.g. normal, early, or from an Inherited IRA
Additional items you may need during the distribution process: If requesting a rollover to your current employer's plan, please have the plan name, plan number, and check payable instructions If requesting a distribution to be directly deposited to your bank, please have your banking information available (e.g. bank name, address, routing number and your account number)
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Getting Started

IRA Distribution Request
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IRA Distribution Request
Please fill in the information to complete this form, mandatory fields are marked with an asterisk *

First, we need to ask you a few questions to make sure that we can process your distribution online.

Online Eligibility

Are you seeking a distribution due to a divorce, payment from a deceased estate, payment for an IRS levy, or withdrawal of an excess contribution? *
Do you have non-cash assets that require liquidation for this distribution? *

Contact Details

IRA Distribution Request
Fields marked with * are required

Name

Date of Birth

Not showing
For your protection, Date of Birth and Tax ID number are not available to be updated online. Please contact client service if this information is incorrect.

Other Details

Contact Details

Address Details

IRA Distribution Request
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Address Details

Address Limitations
P.O. Boxes are not acceptable as Residential addresses. Provide the address you use for tax filing.

If you provide a separate mailing address, the mailing address will be saved and stored for reference as your primary address of record. All future mail correspondence will be sent to this address including statements and tax reporting.

Note: FedEx cannot be sent to a P.O. Box address.

Residential Address

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Which Address? *

Mailing Address

Is your Mailing Address the same as your Residential Address? *
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Which Address? *

Identity Verification

IRA Distribution Request
Fields marked with * are required

Identity Verification

IMPORTANT USA PATRIOT ACT INFORMATION
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means to you:
You must provide us with your name, residential address, social security number, and date of birth, and other information that will allow us to identify you before you will be able to exercise control over your account. We may also ask for other identifying documents.

After you confirm your identity, the following data cannot be changed for this online form - name, address, social security/tax identification number and date of birth.
Do you confirm that the details you have entered are correct? *

VerifyResult

Address Confirmation

IRA Distribution Request
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Address Confirmation

Which Address?
We compared the address you entered to a database of valid addresses and suggest changes.
Please review and select the most accurate.
Which address is most accurate? *

Verification Questions

IRA Distribution Request
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Verification Questions

Additional verification is required.
To help verify your identity we’ve compiled a series of questions that only you should be able to answer. You will have 3 minutes to complete them.
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Personal Details

IRA Distribution Request
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Meta-PersonalDetails

Age Calculation

We have calculated that you are at least 59½
We have calculated that you will be 59½ on
Did you know that if you wait until you turn 59½ to take a distribution you may avoid IRS penalties and fees associated with an early distribution?
Distributions processed on an IRA when the taxpayer has not reached age 59½ may be subject to additional IRS penalties and fees.
Do you agree with this calculation? *

Disability

Disability Exception to 10% Early Withdrawal Penalty
According to Internal Revenue Code section 72(m)(7), you are considered disabled if you cannot do any substantial gainful activity because your physical or mental condition can be expected to result in death or to be of long, continued, and indefinite duration.

In order for Millennium Trust Company to process a distribution with a disability exception to the early withdrawal penalty per the Internal Revenue Code, you will need to provide a copy of a physician's statement confirming your disability status.
Are you Disabled within meaning of the Internal Revenue Code section 72(m)(7)? *
Have you previously provided documentary evidence to Millennium of permanent disability? *

Citizenship

Which of the following best describes you? *

Account Details

IRA Distribution Request
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Multiple Accounts

User needs to select an account.
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Select Account
Please review the following account(s) that we have located for you in our records and select the one you wish to request a distribution from.
Account Number
Account Type
Account Title

Account Details

Account Type

What type of account would you like to take a distribution from? *

Transfer To

Receiving Custodian

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Which Address? *

Inherited Account

A retirement account that is left to a beneficiary after the owner's death.
Did you inherit this account as a beneficiary of the account owner? *
Did you inherit this account from a spouse? *
Has a death certificate and/or other documentation to your inheritance been previously provided to Millennium? *

AccountLookupResult

Distribution Type

IRA Distribution Request
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Distribution from a Traditional IRA

What type of distribution do you want to take?
1.Paid to directly to me: If you want to withdraw funds from your IRA, payable directly to you, please click the "Withdraw my funds from my IRA and pay directly to me" button below. Once your request is processed, your funds will be paid directly to you. Be sure you understand whether any taxes or penalties may apply - read the information in the box below about Early (Premature) Distribution.
2.Direct rollover to my new employer's retirement plan: If you want to directly roll over your IRA balance to your new employer's retirement plan, click the "Directly roll over to my new employer's retirement plan" button below. You will be directed to the section of this form where you will need to provide information about your employer. Once your request is processed, a check will be issued, payable to your employer's retirement plan, and mailed to you. You will need to send the check to your employer's retirement plan in order to complete the rollover.
Choose your distribution type: *
Early (Premature) Distribution
This distribution type would apply to a tax payer that has not reached age 59 ½.

Distributions before age 59 ½ may be subject to ordinary income tax and may also be subject to a 10% federal penalty tax unless you meet an IRS exception.
A distribution from a SIMPLE IRA taken within two years of the date the first contribution was made may be subject to a 25% penalty tax unless you meet an IRS exception.
Note: If you believe an exception may apply to the early withdrawal penalty, you should consult your tax advisor to determine if you need to submit IRS Form 5329 to the IRS.

Distribution from a Roth IRA

Is the 5 year holding period on your Roth IRA complete? *

Confirmation

Based on the information you have provided your distribution will be processed as .
Do you confirm this selection? *

Direct Rollover

IRA Distribution Request
Fields marked with * are required

Direct Rollover

Rollover to an Employer Sponsored Qualified Plan
Please review your Employer’s Qualified Plan Rollover documentation for the Check Payable instructions. If you are unsure or do not have such documentation, please contact your plan administrator.

Direct Rollover checks cannot be made payable directly to you. Do not add “FBO your name” to the check payable area as Millennium will automatically include that on your check.

Note: It is your responsibility to ensure that the Qualified Plan named below will accept the rollover of your benefit payment. Payment by check through this portal can only be sent to your mailing address and not mailed directly to your plan. If your rollover funds are returned to Millennium for any reason, a return check fee may apply.
Is your employer U.S. Based? *

Account Information

IRA Distribution Request
Fields marked with * are required

Account Information

Looking to Diversify?
You can hold a wide range of investment types such as mutual funds, EFTs, stocks, bonds and CDs in your Millennium Trust IRA. Contact a client service representative for more details at 877-682-4727.
Early Distribution - Exception applies (Periodic payments)
Note: You are responsible for notifying Millennium Trust of the exact amount of each payment to meet the IRS requirements. Consult your tax advisor for assistance. Please indicate the amount of the payment to be distributed.

Available Liquid Assets

You will be prompted to enter your distribution amount on a later screen.
Description
Shares
Market Value
Total Traditional Asset Value
NOTE: Asset values are based on yesterday’s closing prices.
Non-Liquid Assets
Some of the assets in your account cannot be liquidated through this distribution process. You have the following options:Request a one-time, total distribution where all assets will be liquidatedRequest a partial distribution from your traditional assets and any available cashLiquidate the asset(s) before requesting a distribution
Non-Liquid Assets
Some of the assets in your account cannot be liquidated through this distribution process. You have the following options: Request a one-time, total distribution where all assets will be liquidated Request a partial distribution from your traditional assets and any available cash Liquidate the asset(s) before requesting a distribution

Other Assets

The following asset(s) cannot be liquidated through our online distribution form. Please liquidate the asset(s) before requesting a distribution.
Description
Shares
Market Value
Total Non-Liquid Asset Value
NOTE: Asset values are based on yesterday’s closing prices.
Would you like to take a one-time distribution or systematic payments? *
Would you like to take a Total or Partial Distribution? *
If additional funds are received for your account after the total distribution, the funds will be automatically distributed to you via the same Payment Delivery method and Tax Withholding you select in this form.
NOTE: A minimum balance of $200 is required to remain in your account if you request a partial distribution. Otherwise, please select 'Total Distribution'.

Account Fees

Systematic Payments

IRA Distribution Request
Fields marked with * are required

Systematic Payments

Systematic Payments
Systematic Payments are issued on the 5th and 15th of each month. This request needs to be received by the 1st of the month in which the first systematic payment is to begin. Systematic payments, including your tax withholding election, will continue until Millennium Trust receives written direction to cancel.

Note: Systematic payments with a set dollar amount will be discontinued if there are three consecutive failed attempts due to insufficient cash.
How often would you like distributions to occur? *
In which month would you like to begin distributions? *

Taxation Withholding

IRA Distribution Request
Fields marked with * are required

Federal Tax Withholding Election

How much Federal Tax would you like withheld? *

Federal Tax Withholding Election

Federal Tax Withholding Election for Non-U.S. Persons
Our records show that there is a treaty on file between the US and .

The minimum Federal Income Tax Withholdings under this treaty is %.

You may elect to withhold more income tax, but cannot elect less than %.

Federal Tax Withholding Election for Non-U.S. Persons
Our records show that there is no treaty between the US and , therefore your minimum Federal Income Tax Withholding will be 30%.

You may elect to increase the withholding, but you cannot waive or reduce this amount.

How much Federal Tax would you like withheld? *

State Tax Withholding Election

State Tax Withholding
State income tax will be withheld ONLY if you instruct us to withhold it, whether or not you elect to have federal income tax withheld.
State income tax will be withheld ONLY if you instruct us to withhold it, whether or not you elect to have federal income tax withheld. However, state income tax withholding is required if a total distribution is elected or taken by default.
State income tax withholding is required when federal withholding is elected or taken by default.
State income tax withholding is required. However, if you believe you will not have a balance due on your state income tax return, you may elect not to have state income tax withheld by submitting your state's W-4P form.
State income tax withholding is required when federal withholding is elected or taken by default unless you instruct us not to withhold state income taxes.
How much State Tax would you like withheld? *
Form W-4P Required
You are required to submit your state's W4-P form since you have elected to not withhold your state's minimum income tax amount from your distribution. The form can be found on your state's government website not the IRS website. If the W4-P form is not submitted within 60 days, the request will be cancelled and your funds will not be distributed. You can avoid submitting the W4-P form and any possible delays by changing your withholding election.

Total Tax Withholding Election

Payment Method

IRA Distribution Request
Fields marked with * are required

Payment Method

Available Payment Methods
Millennium is now offering a Prepaid Debit Card as a distribution payment option.
This card provides multiple alternatives to access your money:
Use the card for purchases everywhere debit cards are accepted Obtain cash from ATM’s
Information on accessing these options will be mailed to you along with the prepaid card. Allow additional time for receipt via US mail.

Systematic Payments
Please note if cash funds are not available at the time of distribution, your check or ACH will not be issued as scheduled.
Which Payment Method would you like? *
Please note that by selecting payment by wire, a $ bank wire fee will be deducted from your account and your distribution will not be processed until we receive the original distribution request form with the proper Signature Guarantee affixed. A Signature Guarantee may be obtained from an authorized officer at a brokerage firm, bank or other financial institution. Certification by a notary public is not a substitute for a Signature Guarantee. Also funds can only be wired to a US Bank.
Please note that by selecting payment by wire, a $ bank wire fee will be deducted from your account and your distribution will not be processed until we receive the original distribution request form with the proper Signature Guarantee affixed. A Signature Guarantee may be obtained from an authorized officer at a brokerage firm, bank or other financial institution. Certification by a notary public is not a substitute for a Signature Guarantee. Also funds can only be wired to a US Bank.

As a result distributions processed from the original documents, will take longer to review and process. If you want faster processing, please select the Prepaid Debit Card which can be submitted on line and your distribution will be mailed within 5-7 business days.
A direct deposit can only be sent to a bank account open in the name of the account owner at Millennium Trust.

Banking Information

Bank Details
Once you enter the ABA routing number, we will look up the bank associated with that number. If the name that appears is different from your bank name, please check your entry.

If we are unable to validate your bank account, you will be asked for additional information in order to process your request.
Bank Details
Please select from the existing account(s) shown below or select "Add new account" if you wish to add new banking information.

An ACH can only be sent to an account matching the name on the Millennium account listed in the “Account Name” field below.

Any new banking information entered will require validation and may require additional documentation.



If we are unable to validate your bank account with the financial institution, please be prepared to provide proof of ownership with a voided check, direct deposit form or a signed letter from your bank detailing your routing and bank account number.
Bank Details
After entering the ABA routing number, we will lookup the Bank Name associated with that number.
If the Bank Name that populates is different than your Bank Name, please go back and re-enter the correct ABA number.



If we are unable to validate your bank account with the financial institution, please be prepared to provide proof of ownership with a voided check, direct deposit form or a signed letter from your bank detailing your routing and bank account number.

Existing bank account(s)

Bank Name
Routing Number
Account Number
Account Type
Selected

New ACH Account

Bank Account Type *
Good news!
Your money can be directly deposited to your bank account by "Real Time Payment" (RTP) at no charge, meaning your funds will be deposited within a few hours.

Once your request is submitted, it cannot be reversed. In the event that the RTP is rejected by your financial institution, your funds will be deposited in 1-2 business days.
Your funds will be directly deposited and available in 1-2 business days.

Once your request is submitted, it cannot be reversed. In the event that your bank rejects your funds, you may incur a $30 return fee and be asked for additional information in order to process your request.
Documentation Required
We are unable to verify your bank details. You will need to obtain a voided check or proof of account ownership and submit it to us for verification purposes.

Verification Questions

IRA Distribution Request
Fields marked with * are required

Verification Questions

Additional verification is required.
To help verify your identity we’ve compiled a series of questions that only you should be able to answer. You will have 3 minutes to complete them.
User is currently completing their CIP questions
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Payment Delivery

IRA Distribution Request
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