2019 RMD and Roth IRA conversion Deadline

The deadline for Required Minimum Distributions (RMDs) and Roth IRA Conversions is December 31, 2019. To allow TD Ameritrade Institutional time to meet that deadline, all advisors are requested to complete submissions within the Orion Portfolio Solutions Advisor Portal by December 20, 2019.

Please review the processing instructions for both activities, which carry potential tax implications for 2019.

Deadline for RMDs: Clients who are 70½ or older must take an RMD from their IRA and/or their QRP for the 2019 tax year. All RMDs must be withdrawn by December 31, 2019, with the exception of RMDs for clients who turned or will turn 70½ during this calendar year. These clients may defer their first distribution until April 1, 2020.

To confirm your client has taken the required minimum distribution, visit the Account Information page under Account Center and select the RMD tab.

If your clients have already taken the required distribution for 2019, no further action is required.

If not, Orion Portfolio Solutions must receive a completed distribution form no later than December 20, 2019. This is necessary to ensure that the December 31 deadline is met and the RMD is reported in tax year 2019. Distribution forms received After December 20 will be processed on a best-efforts basis.

If you have any questions, please contact your Orion Portfolio Solutions Regional Service Team at 800.379.2513.