Steps for taking a Required Minimum Distribution of Assets for your IRA
For clients with an integrated IRA account (Equity Trust) on our platform
What is an in-kind RMD distribution?
An in-kind distribution allows you to satisfy your Required Minimum Distribution (RMD) by distributing physical metals directly, rather than cash. You have two options:
- Take delivery – We can ship the physical metals to you.
- Keep assets in storage – We can move the metals from your IRA into your non-IRA account on our platform, while keeping them in storage at the same depository.
Can I move metals from my IRA directly into a personal (non-IRA) account without taking delivery?
Yes. If you’d like to keep your metals in storage with us rather than take physical delivery, we can facilitate moving the assets from your IRA account into your personal, non-IRA account on our platform.
Does the receiving account need to be in my name?
Yes. The Social Security Number (SSN) on the receiving non-IRA account must match the SSN on the IRA account. This is required to process the in-kind transfer.
What do I need to do to get started?
Please contact our team. We’ll assist you with the required paperwork and submit the distribution request to Equity Trust on your behalf.
Will this count toward my RMD for the year?
Yes, an in-kind distribution of metals satisfies your RMD just as a cash distribution would, based on the fair market value of the metals distributed.
Who do I contact with questions?
Reach out to our team directly, and we’ll walk you through the process and next steps.