I will be 73 this year. What do I need to do to make sure I take the correct amount out of my IRA and do I need to call every year to make sure it is taken care of?

Each year, Delta Community will calculate your Required Minimum Distribution (RMD) for any Traditional IRAs held at Delta Community. A statement containing the RMD calculation is mailed by January 31^st. You may elect to receive your RMD as a recurring distribution either monthly, quarterly, semi-annually or annually. If desired you may also elect to withhold Federal Income Taxes from your RMD. If you choose to set up a recurring distribution of your RMD, there is no need to call every year, unless you would like to make any changes to the recurring distribution.

If you have any questions, or would like to set up a recurring distribution of your RMD, contact the IRA department at 404-677-4600.