When it’s time to withdraw your required minimum redistribution (RMD) from your Traditional IRA this action can be completed on the Public app and website.
In order to withdraw your Required Minimum Distribution (RMD) on the app:
Select the menu icon (≡) in the top left corner of the screen
Select Traditional IRA account from the “All Accounts” section
Scroll down and select Withdrawal
Mark as "Normal Distribution" for RMD
Input Tax Withholding Information (Helpful information can be found here.)
Select an account to withdraw to
Select Confirm
In order to withdraw your Required Minimum Distribution (RMD) on the web:
1.Select the menu icon (≡) in the top right corner
2.Select Withdraw on the drop down menu
3.Mark as "Normal Distribution" for RMD
4.Input Tax Withholding Information (Helpful information can be found here.)
5. Select an account to withdraw to
6.Select Confirm
Just a heads up, while we can walk you through a withdrawal request, we cannot provide specific tax advice. You may want to consult with a tax professional regarding your specific situation and eligibility for exemptions.
For further questions please contact the Member Support team via in-app chat or email at support@public.com.