How do I take my RMD from my retirement account?
You can schedule a withdrawal from your retirement account to satisfy your RMD. Here’s how:
Login to your Wealthfront account and select the “Transfer money” link at the top of your dashboard and then the “Withdraw” option:
Select the retirement account you want to take the RMD from and select the “Qualified Distribution” option.
You’ll then select the bank account where you want the funds deposited and be asked to enter the amount you want to withdraw. Click continue and then the “Transfer” button.
Please note that we’ll send a verification email to the email address on file. Once you verify the email we’ll execute the trades and send the funds to the bank account on file upon trade settlement. Withdrawals take approximately 3-4 business days to complete.
Please see: Retirement Topics — Required Minimum Distributions (RMDs) for more information.
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