Don’t Miss these Key Deadlines for 2024 Business
Thank you so much for being a valued American Equity partner. As we reach the end of 2024, we wanted you to be aware of these important end-of-the-year business processing deadlines.
- For Required Minimum Distributions: For clients age 74 and older, RMDs may be required by Dec. 31 to avoid penalties. (Clients who turned 73 this year have until April 1, 2025, to take their first distribution, but then must take their second by Dec. 31, 2025.) RMD requests must be submitted by the end of the day on Dec. 26, 2024, to guarantee 2024 processing.
- For Paper Tax Documents: Make sure you and your clients have up to date addresses on file with American Equity by Dec. 31, 2024.
- For New Business: To be processed in 2024, new business funds must be received by the end of the day on Dec. 30, 2024. Any business submitted on Dec. 31, 2024, or later will be processed and issued in 2025, and commissions paid in 2025.