2021 Fair Market Value Letters and RMD Requirements Update

We’re experiencing a high volume of calls related to the Fair Market Value (FMV) letters that were recently sent to customers. In these letters, Athene reports the FMV of the contract as of December 31 of the prior tax year and the required minimum distribution (RMD) amount calculated by Athene for the current year. Many of these questions are concerning the SECURE Act change to the required beginning age and whether the CARES Act waiver of RMDs includes calendar year 2021.

To help you address these concerns with customers, we’ve put together a list of frequently asked questions (FAQ).