Performing an IRA Distribution

Within the DDI Connect Investments module, it is easy to perform an IRA distribution.

• Go to Financial Services
• Select Investments
• Select Transactions
• Select Investment Payout. You will see this screen:

• In the Inv # field, type the number of the investment that you are doing the payout for, and either click Find or press enter. The screen will populate with the investment's information:

• Select your interest method
• Select your payment method
• Check "Apply penalty" if needed
• In the Principal feild, enter the amount of the payout
• Click Save. You will see this message (if you are not doing the entire balance as a payout):

• Click Yes to proceed
• You will then get a pop up for the Tax Year IRA Disbursement:

• Select the appropriate distribution code
• If you need to adjust the gross distributions, taxable amount or federal withholding, you can do so now
• Click OK
• The system will now display this message: