Announcements
January 2, 2026
Annual required minimum distribution (RMD) amounts now included on quarterly statements
Investors age 73 and older with Capital Bank and Trust Company (CB&T) retirement accounts, including traditional IRAs, SIMPLE IRAs, SEP IRAs, SARSEP IRAs and 403(b)s (including Texas ORPs), can refer to their quarterly statement to review their annual RMD amount.
You can simplify taking your RMD by setting up automated distributions. Complete and return the Required Minimum Distribution (RMD) Request, and each year, CB&T will calculate and send you the distribution on a schedule that works for you.
Key information about the RMD amount included on quarterly statements:
- Where to locate: The Required minimum distribution (RMD) Summary section on quarterly statements can be found after the Fund results from a long-term perspective section. In most cases, this section will fall on page 2 or 3 of the statement.
- What’s included: The RMD section provides information by account number. If you have more than one retirement account, RMD amounts will be provided for each account. Other details provided in the RMD section include:
- The account’s prior year-end balance
- The RMD amount
- Distributions taken in the calendar year that count toward meeting the RMD
- How the RMD is calculated: The RMD amount displayed on statements is calculated based on the Internal Revenue Service (IRS) Uniform Lifetime Table, unless you elected otherwise, using the account’s value as of December 31 of the prior year and your date of birth. This table assumes the sole beneficiary of the account is not a spouse more than 10 years younger than you. Your actual RMD amount will differ if the sole beneficiary of your account is your spouse and they are more than 10 years younger than you.
Note: If you are turning age 73 in 2026, your 2026 RMD amount will not be provided on the statement. At your request, we can calculate your RMD; please contact us for assistance.
Deadlines to keep in mind:
- If you turned 73 in 2025, you may delay taking your first RMD until April 1, 2026. However, you will then need to take two RMDs in 2026 — one for 2025 (due by April 1, 2026) and one for 2026 (due by December 31, 2026).
- Future RMDs must be taken by December 31 of that calendar year, or you will be subject to IRS penalties.
For more information, visit Required minimum distributions.