According to a news release, the Center was designed to make it easier for Fidelity clients to set up, track and manage withdrawals from their IRAs. The Center helps investors manage both minimum required distributions (MRDs) required by the Internal Revenue Service (IRS) and other elective withdrawals from their accounts.
The Center also provides resources to help investors understand different withdrawal strategies and how they can fit into their overall retirement income plans. It allows investors who are currently taking IRA withdrawals to keep track of their year-to-date distributions and know immediately how much they are withdrawing and which accounts the withdrawals are coming from.
It is available at no cost to a range of Fidelity customers, including those over age 59 ½ with a Fidelity Traditional, Rollover, or Roth IRA, as well as Inherited IRA owners of all ages.
« One in Four Americans Would not Inform Spouse of Financial Difficulties