Who is responsible for RMDs?

For employer-sponsored plans the employer is responsible for calculating your RMD. For IRAs and 403(b)s, you are responsible for calculating your RMD.

You alone are responsible for any penalties for not taking your full RMD amount. It is wise to work with your advisor to make sure your calculations are correct and to determine which account(s) to make the withdrawal from in order to maximize your account performance.

Please Note: The information contained in this Web site is provided solely as a source of general information and resource. It is a not a statement of contract and coverage may not apply in all areas or circumstances. For a complete description of coverages, always read the insurance policy, including all endorsements.