BOSTON/xinet/BosWork/Jobs/25543/PIECE95/25543 08 FRM OneTime WD FIDELITY 1010 Withdrawals Ira One Time

User Manual: FIDELITY 1010

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Questions? Go to Fidelity.com/movemoney or call 800-343-3548.
One-Time Withdrawal – IRA
Use this form to make a one-time, tax-reportable distribution from a Traditional, Rollover, Roth, SEP, SIMPLE, or Inherited IRA.
Do NOT use this form for Fidelity Retirement Plan accounts, annuities, nonretirement accounts, or for any IRA-to-IRA transfer.
Also, do NOT use this form to purchase an investment in your IRA. Go to Fidelity.com/forms to find the appropriate form. Type on
screen or fill in using CAPITAL letters and black ink. If you need more room for information or signatures, make a copy of the relevant page.
Helpful to Know
• It is your responsibility to ensure that your IRA distribu-
tions comply with IRS rules. All transactions made using
this form are reported to the IRS as an IRA distribution.
You may want to consult a tax advisor as such distribu-
tion generally results in taxable income to you.
• Nonresident aliens must provide IRS form W-8BEN and
a U.S. or foreign tax identification number.
• If you are making withdrawals from more than one IRA,
you must complete a separate form for each account.
• For mutual funds, note that:
– Withdrawals could trigger redemption or transaction
fees (see the applicable fund prospectus).
– If a fund is closed to new investors, you will not be
able to purchase new shares of the fund in the future
if you draw your fund balance down to zero.
• Drawing your total IRA balance down to zero could
trigger account-closing fees.
•
All sales initiated by this form are charged at rep-assisted
processing commission levels. If you want online commis-
sions, please place the trade online and then distribute
from cash in Section 3.
1. Account Owner
Name Fidelity IRA Account Number
Social Security or Taxpayer ID Number Daytime Phone Extension
2. Request Reason
Normal You are AT LEAST 59½ at the time of distribution.
Early distribution You are younger than 59½ at the time of distribution. An IRS early distribution penalty may apply.
Note: A distribution from a Roth IRA will be reported as an early distribution.
Death of original IRA owner For inherited accounts only.
Direct rollover to a workplace retirement plan, such as a 401(k):
Plan Name
3. Distribution Amount
If this form directs Fidelity to sell shares of any securities (including mutual funds), be aware that you cannot control the timing of
when your securities are sold, nor can you cancel or suspend your order once we have received and accepted this form. If you want
to better control the timing of your liquidating transaction, you should direct the sale of securities online or through a Fidelity repre-
sentative before submitting this form. If you withdraw all assets from your source account, that account will be closed.
Cash Distributions from a Brokerage IRA
For any distribution that involves the sale of mutual fund shares (other than money market funds) or other securities, skip to “All Other
Types of Distributions.”
ALL core cash and Fidelity money market funds in your brokerage account Skip to Section 4.
ONLY the following amount of cash in your brokerage account:
Dollar Amount
Skip to Section 4.
$
Phone number may
be used if we have
questions, but will not
be used to update your
account information.
Check ONLY one.
If directing your distri-
bution to an HSA as
a qualified HSA fund-
ing distribution, check
either “Normal” or
“Early distribution,“
as appropriate.
If the amount you
indicate is greater
than your core
account balance,
your request will
be denied.
1.932150.105 006890701
Distribution Amount continues on next page.
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All Other Types of Distributions
ENTIRE VALUE of your account in cash (all securities will be sold)
ENTIRE VALUE of your account as shares (in kind)
ONLY the following securities and amounts:
Sell and distribute as cash
Distribute as shares (in kind)
Security Name or Symbol
ALL
shares
ONLY this
many shares:
Number of Shares ONLY this
dollar amount:
Fidelity Mutual Fund
accounts only
.
Dollar Amount
$
Sell and distribute as cash
Distribute as shares (in kind)
Security Name or Symbol
ALL
shares
ONLY this
many shares:
Number of Shares ONLY this
dollar amount:
Fidelity Mutual Fund
accounts only.
Dollar Amount
$
4. Distribution Method
You must obtain a Medallion signature guarantee in Section 6 if requesting a bank wire, if sending a check to a payee other than the IRA
owner or alternate address, if the requested payment amount is over $100,000, or if the address on the account has been changed within
the past 10 days.
Direct rollover to a workplace retirement plan, check paid to a payee other than the IRA owner, or check
mailed to an alternate address:
Workplace Retirement Plan or Other Payee Name
Workplace Retirement Plan Account Number For Benefit Of/Attention
Address
City State/Province ZIP/Postal Code Country
Bank wire to a bank or credit union account in your name or someone else’s (cash only): Ask the bank for its wire
routing number. Fidelity or the bank may charge a fee for wire transfers.
Wire Recipient
Bank Routing /ABA Number Bank Name
Account Number Account Owner Name(s) Required
Address of Wire Recipient
City State/Province ZIP/Postal Code Country
For Further Credit/Additional Details (if applicable) Instructions to be included with the wire transfer.
If distributing shares in
kind, you MUST check
“Distribute to a Fidelity
nonretirement account
or Fidelity HSA” in
Section 4.
Check one and
provide all required
information.
All bank wire requests
MUST have a Medallion
signature guarantee. A
notary seal/stamp is
NOT a Medallion
signature guarantee.
FULL address is
required for
international wires.
3. Distribution Amount, continued
Distribution Method continues on next page.
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Correspondent (Intermediary)
Correspondent Bank Routing/ABA Number Correspondent Bank Name
Account is OUTSIDE the United States:
SWIFT Code Name of Country
Electronic funds transfer (EFT) to a bank or credit union account using EFT instructions already in place on the
account (cash only). This form cannot be used to set up EFT. To add EFT to an account, go to Fidelity.com/eft or com-
plete the Electronic Funds Transfer (EFT) Authorization form.
A. EFT to your bank account. The names on the bank account and the IRA are the same.
B. EFT to someone else. (Available for brokerage accounts only.) The names on the bank account and the IRA
are different.
If EFT has not been established prior to the receipt of this request, a check will be mailed to the address
of record.
Bank Account Number
Distribute into a Fidelity nonretirement account or Fidelity HSA: Requires Medallion signature guarantee if going to an
account of which you are not an owner.
Fidelity Nonretirement or HSA Account Number Fidelity Fund Name or Symbol Mutual fund accounts ONLY
Check mailed to the address of record Default if no choice indicated or if we are unable to process your choice.
5. Tax Withholding
Distributions from your non-Roth IRA are subject to federal and, where applicable, state income tax withholding unless you elect not to
have withholding apply below (if you are a U.S. citizen or other U.S. person). If you do not elect out of withholding, federal income tax will
be withheld at the rate of 10% from your total IRA distribution amount, unless you indicate a higher percentage below (federal and state
tax withholding combined cannot total more than 99%). If you made nondeductible contributions to your IRA, this may result in excess
withholding from your distributions. If you elect not to have withholding apply to your distributions or if you do not have enough federal
income tax withheld from your distribution, you may be responsible for payment of estimated tax. You may incur penalties under the
estimated tax rules if your withholding and estimated tax payments are not sufficient. See “State Tax Withholding — IRA Withdrawals”
at the end of this form.
Do NOT complete this section if you are a nonresident alien. Instead, the nonresident alien tax-withholding rate of 30% will apply.
Federal
Do NOT withhold federal taxes.
Withhold federal taxes at the rate of:
Percentage Minimum 10%; maximum 99%. Whole
numbers; no dollar amounts. Note that
if there is federal tax withholding, certain
states require that there also be state tax
withholding.
%
State
Do NOT withhold state taxes unless required by law.
Withhold state taxes at the applicable rate.
Withhold state taxes at the rate of:
Percentage Maximum 99%. Whole numbers;
no dollar amounts.
%
If the bank uses a corre-
spondent bank, provide
the information here.
Correspondent bank
information may not be
required for all wires.
Indicate if the recipient
bank is outside the
United States.
Provide bank informa-
tion ONLY if there are
multiple EFT instruc-
tions on the account
identified in Section 1.
Check one in each
column. IRA owner’s
legal/residential
address determines
which state’s tax
rules apply.
4. Distribution Method, continued
Form continues on next page.
Did you sign the form? Send the ENTIRE form
to Fidelity Investments.
Questions? Go to Fidelity.com/movemoney
or call 800-343-3548.
Regular mail
Fidelity Investments
Attn: Retirement Distributions
P.O. Box 770001
Cincinnati, OH 45277-0035
Overnight mail
Fidelity Investments
Attn: Retirement Distributions
100 Crosby Parkway KC1B
Covington, KY 41015
Use the postage-paid envelope, drop off at a Fidelity Investor Center, OR deliver to:
On this form, “Fidelity” means Fidelity Brokerage Services LLC and its affiliates. Brokerage services are
provided by Fidelity Brokerage Services LLC, Member NYSE, SIPC. 592522.6.0 (10/17)
1.932150.105 Page 4 of 4 006890704
6. Signature and Date Account owner must sign and date.
By signing below, you:
• Authorize and request the custodian for
the Fidelity IRA, Fidelity Management Trust
Company and its agents, affiliates, employees
or successor custodians (Fidelity or Portfolio
Advisory Services through National Financial
Services, LLC) to withdraw the amount indi-
cated in Section 3 of this form.
• Acknowledge that non-Roth IRA distribu-
tions will generally be taxed as ordinary
income, and may be subject to a 10% early
withdrawal penalty if taken before age 59½.
• Acknowledge that distributions from a
Roth IRA that are attributable to earnings
may be taxed as ordinary income and may
be subject to a 10% early withdrawal pen-
alty unless certain conditions are met.
• Acknowledge that Fidelity is not respon-
sible for changes in the value of assets that
may occur during the distribution process.
• Acknowledge that distributions made from
any SIMPLE IRA prior to age 59½ and
within the first two years of participating
in an employer’s SIMPLE IRA plan may be
subject to a 25% penalty.
• Acknowledge that if taking Substantially
Equal Periodic Payments, it is your respon-
sibility to comply with the IRS rules, and
that Fidelity reports such distributions as
“Early Withdrawal — no known exception”
in accordance with IRS requirements.
• Indemnify Fidelity from any liability
in the event that you fail to meet any
IRS requirement.
• Confirm, if you are not a U.S. person,
that you have attached or have on file
with Fidelity IRS Form W-8BEN that
includes your U.S. or foreign tax identifica-
tion number.
Customers requesting EFT:
• Authorize and request Fidelity to make EFT
distributions from the Fidelity IRA listed in
this form by initiating debit entries to the
account indicated in this form.
• Authorize and request the bank named in
Section 4 to accept debit entries initiated
by Fidelity in such account and to debit the
same account without responsibility for the
appropriateness or for the existence of any
further authorization.
Customers transferring assets to an HSA:
• Acknowledge that qualified HSA funding
distributions are not subject to the 10%
early withdrawal penalty when transferred
directly to an HSA.
A Medallion signature guarantee is required:
• to send a check to an alternate address or payee.
• to request a bank wire.
• if the address on the account has been changed within the past 10 days.
• if the withdrawal is going to a Fidelity account with no common owner.
• if the transaction is greater than $100,000.
If the form is completed at a Fidelity Investor Center, the Medallion signature guarantee is not required. You can get a Medallion signature
guarantee from most banks, credit unions, and other financial institutions. A notary seal/stamp is NOT a Medallion signature guarantee.
PRINT OWNER NAME MEDALLION SIGNATURE GUARANTEE
OWNER SIGNATURE
SIGN
X
DATE MM/DD/YYYY
DATE
X
State Tax Withholding — IRA Withdrawals
Helpful to Know
• Each state sets its own withholding rates and require-
ments on taxable distributions. We apply these rates
unless you direct us not to (where permitted) or you
request a higher rate.
• Your account’s legal / residential address determines
which state’s tax rules apply.
• You are responsible for paying your federal, state, and
local income taxes and any penalties, including penal-
ties for insufficient withholding.
• Withholding taxes for Roth IRA distributions is optional.
Withholding Options
State of residence State tax withholding options
AK, FL, HI, NH, NV,
SD,TN, TX, WA, WY • No state tax withholding is available (even if your state has income tax).
AR, IA, KS, MA, ME,
OK, VT
• If you choose federal withholding, you will also get state withholding at your state’s minimum withholding
rate or an amount greater as specified by you.
• If you do NOT choose federal withholding, state withholding is voluntary.
• If you have state withholding, you can request a higher rate than your state’s minimum but not a lower rate,
except on Roth IRA distributions.
CA, DE, NC, OR
• If you choose federal withholding, you will also get state withholding at your state’s minimum withholding
rate unless you request otherwise.
• If you do NOT choose federal withholding, state withholding is voluntary.
• If you have state withholding, you can request a higher rate than your state’s minimum but not a lower rate,
except on Roth IRA distributions.
DC
Only applicable if taking
a full distribution of entire
account balance.
• If you are taking distribution of your entire account balance and not directly rolling that amount over to
another eligible retirement account, DC requires that a minimum amount be withheld from the taxable
portion of the distribution, whether or not federal income tax is withheld. In that case, you must elect to
have the minimum DC income tax amount withheld by completing the Tax Withholding section.
• If your entire distribution amount has already been taxed (for instance only after-tax or nondeductible
contributions were made and you have no pre-tax earnings), you may be eligible to elect any of the
withholding options.
• If you wish to take a distribution of both taxable and nontaxable amounts, you must complete a separate
distribution request form for each and complete the Tax Withholding section of the forms, as appropriate.
MI
• MI generally requires state income tax of at least your state’s minimum requirements regardless of whether
or not federal income tax is withheld.
• Tax withholding is not required if you meet certain MI requirements governing pension and retirement
benefits. Please reference the MI W-4P Form for additional information about calculating the amount to
withhold from your distribution.
• If you are subject to MI state tax withholding, you must elect state tax withholding of at least your state’s
minimum by completing the Tax Withholding section.
• Contact your tax advisor or investment representative for additional information about MI requirements.
MS
• If you choose federal withholding, you will also get state withholding at your state’s minimum withholding
rate unless you request otherwise.
• If you do NOT choose federal withholding, state withholding will occur unless you request otherwise.
• If you have state withholding, you can request a higher rate than your state’s minimum but not a lower rate,
except on Roth IRA distributions.
OH • State tax withholding is voluntary. If you choose state withholding, you can choose a higher rate than your
state’s minimum but not a lower rate, except on Roth IRA distributions.
SC
• SC requires state withholding if you have not provided a Tax ID or if you have been notified of a name/
Tax ID mismatch and have not resolved the issue. Otherwise, state tax withholding is voluntary and you can
choose the rate you want (any whole number between 1% and 99%).
All other states
(and DC if not taking a
full distribution)
• State tax withholding is voluntary and you can choose the rate you want (any whole number between 1%
and 99%).
Important: State tax withholding rules can change, and the rules cited above may not reflect the current ruling of your state. Consult with
your tax advisor or state taxing authority to obtain the most up-to-date information pertaining to your state.
This tax information is for informational purposes only, and should not be considered legal or tax advice. Always consult a tax or legal
professional before making financial decisions.
We do not provide tax or legal advice and we will not be liable for any decisions you make based on this or other general tax information
we provide.
Fidelity Brokerage Services LLC, Member NYSE, SIPC; National Financial Services LLC, Member NYSE, SIPC 652041.4.0 (11/14)
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