Template:IRA Account Field Descriptions

Field	Description
Federal Withholding	Controls whether or not federal tax is withheld for withdrawals from any IRA under this master account (in the percentages or dollar amount identified)
Date elected	Date when federal tax withholdings began
Base %	Base federal-tax withholding percentage. This is a display only field, and will not have an effect on monies or calculations
Additional %	Any percentage additional federal-tax withholding above the base percentage
Additional $	Any dollar amount additional federal-tax withholding above the base percentage
Conduit IRA	Whether or not an IRA under this master account serves as merely a transitional stage between one qualified plan (401(k), 403(b), etc.) and another qualified plan
Date of IRA owner's death	Date when the IRA owner (tax ID) died, if applicable
Default distribution code	Code representing the default IRS code to use on withdrawal transactions. Click the drop down arrow to the right of the field to select from the list of options
Distribution amount	Dollar amount to distribute from an IRA under this master account, in the manner identified by the default distribution code (if applicable)
Date distribution elected	Date when account owner has asked to receive a specified distribution amount
Tax PIN birth date	Birth date of constituent with account-master tax ID. Derived from Name/Address record (display only)
Required min distribution date	April 1 following the date when the master account’s “Tax ID” constituent will reach the age of 70.5. This is the age when a minimum IRA distribution is required. Calculated based on the constituent’s birth date (display only)
Minimum normal distribution date	Date when the master account’s “Tax ID” constituent will reach the age of 59.5. This is the age when this individual first becomes eligible for a minimum distribution. Calculated based on the constituent’s birth date (display only)