Merrill Lynch Required Minimum Distribution Service

What is the Merrill Lynch required minimum

distribution service?

This convenient service allows you to authorize Merrill Lynch

to automatically calculate and distribute your annual required

minimum distribution (RMD) from your individual retirement

account (IRA) to a Bank of America or Merrill Lynch account or

an account at another ﬁnancial institution.

• An RMD is the minimum amount you must begin taking each

year from your IRAs aer reaching age 70½.

• If this is your ﬁrst distribution year, you have until April 1 of the

year aer you reach age 70½ to take your ﬁrst distribution. In

all years aer that, your RMD must be taken by December 31.

Merrill Lynch has created this service to make it easier for you

to have your RMD paid to you each year.

Who can participate?

This service is available to IRA, IRRA®, Simpliﬁed Employee

Pension (SEP) IRA and Savings Incentive Match Plan for

Employees (SIMPLE) IRA clients who must take RMDs.

• Inherited IRA owners may be eligible for the Beneﬁciary RMD

Service; however, keep in mind that distributions from an

Inherited IRA do not satisfy your RMD requirements from

other IRAs. For more detailed information on the Beneﬁciary

RMD Service, you may request a copy of the Merrill Lynch

Beneﬁciary Required Minimum Distribution Service fact sheet

from your Financial Advisor.

• Clients who do not have a year-end value cannot enroll for

that year.

What are the beneﬁts of the RMD

distribution service?

• This service will simplify the distribution process by

automatically calculating and distributing your RMD each year.

• By automatically calculating your distribution, Merrill Lynch

helps ensure that your RMD is taken each year, avoiding

potential additional taxes.

• The service also helps ensure that you do not over or under

distribute in a given year.

How does the service work?

• Each January, Merrill Lynch will provide you with an annual

RMD calculation for each IRA you own at Merrill Lynch.*

Your RMD amount for each IRA is calculated based on its

December 31 value from the previous year, your age at the

end of the current year, and under certain circumstances, your

primary beneﬁciary’s age.

• The service automatically will send your RMD to you by

check, electronically distribute it into your Merrill Lynch

Cash Management Account

(CMA

account) or Bank of

America checking or savings account, or distribute it to an

account at another ﬁnancial institution over a payment

frequency you select for the calendar year.

• You can also elect to fund your scheduled distribution by

authorizing Merrill Lynch to automatically liquidate speciﬁed

mutual funds in your account, if eligible.

• If you maintain multiple IRAs at Merrill Lynch and want each of

your RMDs automatically distributed to you each year, you must

enroll each account separately in the service.

• If you take a one-time distribution outside of this service, you

will have the option to subtract the distribution amount from

the Service’s remaining calculated RMD amount.

*Provided all necessary information is filed.

Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith

Incorporated, a registered broker-dealer and member SIPC, and other subsidiaries of Bank of America Corporation.

Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Merrill Lynch Required

Minimum Distribution Service

How do you enroll?

To enroll in the service, simply follow these steps:

1. Complete the Merrill Lynch Required Minimum Distribution

Service Enrollment and Authorization Form.

2. Tear oﬀ and return the completed form, along with any

additional documentation, if required, to your Financial

Advisor’s oﬃce.

You will receive a written conﬁrmation of your enrollment

when completed.

Enrollment in the service is limited to one distribution

instruction per account. If you require funds in excess of your

RMD, please ask your Financial Advisor for more information.

What happens if a scheduled distribution does

not occur?

It is your responsibility to ensure liquid funds (cash and/or

money accounts) are available for your scheduled distribution. If

a scheduled distribution does not occur, you may not meet your

RMD obligation and may be subject to an additional tax of 50%

of the diﬀerence between the RMD amount you should have

taken and the amount actually taken.

• You may elect the automatic liquidation of mutual funds

service to help ensure that funds are available. If you elect

to fund your distribution via automatic liquidation, it is your

responsibility to ensure that the selected funds are available

at the time of redemption.

• Merrill Lynch will adjust future payments to make up for

a missed distribution. If a scheduled distribution does not

occur, Merrill Lynch will divide the remaining RMD amount

by the remaining total number of payments scheduled, based

on your selected payment frequency, to satisfy your RMD for

that year.

• If suﬃcient liquid funds are unavailable in your account on

a scheduled distribution date, Merrill Lynch will continue

to monitor that account for available cash and/or money

accounts for 15 days.

• If funds become available during the 15-day period,

Merrill Lynch will attempt to make the scheduled distribution.

If suﬃcient funds are still unavailable aer 15 days, we will

be unable to process your distribution request. You may have

to take other action to meet your RMD obligation for that

year. You will be notiﬁed in the event that your scheduled

distribution is unable to be processed.

For scheduled distributions in December, Merrill Lynch will stop

monitoring your account for available funds on the last business

day of the tax year (typically December 31), even if the 15 days

have not passed. If funds are still unavailable on December 31,

we will be unable to process the distribution request. If there is

a possibility that your account may have insuﬃcient funds from

which to make RMDs, contact your Financial Advisor in suﬃcient

time to liquidate your investments to raise the needed funds.

What happens if you enroll for the current year?

• Generally, the amount of each scheduled distribution is

calculated by dividing the annual RMD by the total number of

payments scheduled for that year. However, if you enroll in

the service with a current-year start date, Merrill Lynch will, if

necessary, prorate your remaining scheduled payments, based

on your selected payment frequency, to satisfy your RMD for

that year.

• Distributions taken from your account before your enrollment

in the service will not be automatically considered when

prorating your scheduled distributions. For example, if you

enroll in June, choose monthly distributions and your RMD is

$12,000 for that year, Merrill Lynch will distribute $2,000 per

month from July through December.

• Inform your Financial Advisor if, when prorating your

scheduled distributions, you want to consider previous

distributions taken from your account before enrollment in

the RMD Service.

What if you already have instructions on ﬁle?

For accounts with existing periodic distributions, please

contact the oﬃce servicing your account before you enroll

to discuss whether those instructions should be changed or

canceled. Enrolling in the service will not automatically cancel

any existing instructions.

Merrill Lynch Required Minimum Distribution Service Enrollment and Authorization Form

Part 1: Account Owner

Please provide all information as requested.

_________________________________________________ _________________________________________________

Your name (please print) Merrill Lynch retirement account number

_________________________________________________ _________________________________________________

Date of birth (month/day/year) Phone number

Instruction type (please select one of the following): New Change Cancel

Designated account type (please select one of the following): IRA IRRA SEP Simple IRA

Part 2: Distribution Method

Please check one of the boxes below to indicate where you would like your distribution sent.

If you choose to distribute your RMD to an outside ﬁnancial institution, please make sure the voided check is preprinted with your

name and address, as well as your ﬁnancial institution’s address. If you don’t have a preprinted check, or if the account you want

to access is not a checking account, you must provide a letter from your ﬁnancial institution on its letterhead. The letter must

be signed by an oﬃcer of the institution and must include: 1) your account title, 2) type of account (checking, savings, other),

3) account number, 4) institution’s ABA routing/transit number, and 5) your taxpayer identiﬁcation number.

Distribute to a Merrill Lynch non-retirement account

_________________________________________________

Account number

Distribute to a Bank of America account (Automated Clearing House)

_________________________________________________

Account number

_________________________________________________

ABA routing number (voided check not required)

Mail check to the account address on file

Mail check to the address listed here:

_________________________________________________

*This information will not be displayed on the envelope window.

Distribute to an outside financial institution (Automated Clearing House)

_________________________________________________

Name of institution

_________________________________________________

Account number

_________________________________________________

ABA routing number

Outside account to be credited (please select one)

Checking (Enclose a pre-printed, voided check for the account)

Savings (Enclose a letter of authorization from your financial institution)

Other (Enclose a pre-printed, voided check for the account or a letter of authorization from your financial institution)

Memo*

Part 3: Distribution Schedule

Indicate the start date and frequency of your distributions.

Distribution start date: ______ /______ /______

(month) (day) (year)

(Please note that if you have elected to have your distributions sent to an outside ﬁnancial institution, your start date must be at

least 10 days aer your enrollment date).

Distribution frequency (please select one of the following): Monthly Quarterly Semi-annually Annually

You can choose the payment frequency—monthly, quarterly, semiannually or annually—that your RMD is distributed and which

day of the month the distribution occurs. If this day falls on a weekend or holiday, distributions will be made on the prior business

day. You may select only one day per month per account to take your distribution.**

**To accurately calculate your RMD for the current tax year, your January payment may not be distributed until on or around January 20th.

Part 4: Automatic Liquidation (Optional)

Complete this section if you would like to fund your scheduled distribution by liquidating mutual funds in your account. To authorize

Merrill Lynch to automatically liquidate your eligible mutual funds, please complete the specified fields below (if additional space is

needed, please attach a separate letter):

Mutual Funds/Cash Security Symbol

Percentage Amount

(Whole numbers only)

TOTAL 100%

Note:

• Liquidation will only occur from the funds you have authorized. If a selected fund does not have suﬃcient value to cover the

allocated percentage, the order will be restricted to 95% of the market value of the fund to minimize the risk of an order

execution in excess of the available amount under volatile market conditions. The remaining unfulﬁlled amount will be liquidated

proportionately from the other speciﬁed funds. If the amount is still unavailable, the system will use available cash/cash

equivalents to fulﬁll the distribution.

• Contingent deferred sales charges (CDSC), redemption fees and/or transaction fees may apply and result in insuﬃcient funds to

process the requested distribution.

• Clients currently enrolled in Managed Products are not eligible for automatic liquidation.

Part 5: Withholding Election

It’s important that you read the Withholding Notice on page 6 before completing this section. Aer reading the Notice, you MUST

indicate your withholding elections below.

If you are providing a U.S. address, please indicate your withholding election below.

Federal Withholding

Please note that if you do not make a withholding election, federal income tax will be automatically withheld from your distribution

at a rate of 10%.

Do not withhold federal income tax from my distribution.

Withhold federal income tax from my distribution (check one):

At a rate of 10% At a rate of _________% (must be greater than 10%)

At $____________ (dollar amount must be greater than 10% of the total distribution value)

Part 6: Signature Authorization

I hereby authorize Merrill Lynch to eﬀect distributions from the Merrill Lynch IRA, IRRA, SEP IRA or SIMPLE IRA designated on this

form in the payment frequency indicated and in an amount which satisﬁes my annual RMD amount, as calculated by Merrill Lynch

for said account.

I hereby authorize Merrill Lynch to make my scheduled distributions for the account described in Part 1 of this form, with income

tax withholding as elected, and to distribute the amount indicated aer income tax withholding, if any.

I understand that Merrill Lynch will not process a scheduled distribution if the dollar amount of the distribution is not available

in one or a combination of the following accounts: cash credit balance, money market mutual fund shares or Retirement Asset

Savings Program account balance. I agree that it is my responsibility to ensure that timely instructions are given to Merrill Lynch

so that such amounts are available to be distributed as scheduled. I agree that if such amounts are not made available by me

to meet a scheduled distribution, it is my responsibility to take any necessary steps, including additional distributions to ensure

I satisfy my RMD obligation for the account described in Part 1 of this form for the year. If electing Automated Clearing House

(ACH) distributions, I authorize the ﬁnancial institution holding the bank account to accept ACH transfers to my account without

responsibility for the correctness thereof. I agree that Merrill Lynch will not be liable for any loss, liability, cost or expense for

acting or failing to act upon my authorization, except to the extent required by applicable law. I authorize Merrill Lynch to initiate

debit or credit transfers to correct erroneous transfers to the extent permitted by law.

I understand that if the distribution is made payable to a third party payee, I will be responsible for any taxes that are due as a

result of these requested or recurring distributions.

I have reviewed this form in its entirety, and hereby certify that all information as it appears is correct and may be relied upon by

the custodian.

_________________________________________________

Signature

_________________________________________________

Date

State Withholding

Please note that State withholding may also be required in certain states. To determine your state’s withholding requirements refer

to the supplemental State Tax Withholding Rate Document.

The minimum required for the state of _________________________ is ___________________.

Do not withhold state income tax from my distribution.

Withhold state income tax for the state of ________________ from my distribution at the rate of _______%,

or amount of $________________.

Local Withholding

Please note that local withholding may be applicable for the states of Indiana and New York.

If you are providing a foreign address, please indicate your withholding election below.

Please note that if you are a U.S. citizen with a foreign address, you may not waive the Federal withholding requirement. If you are a

Non-Resident Alien, all distributions are subject to a tax treaty rate or 30% tax withholding and you must complete Form W-8BEN.

I am a U.S. Citizen living abroad (check one):

Withhold: At a rate of 10% At a rate of _________% (must be greater than 10%)

At $____________ (dollar amount must be greater than 10% of the total distribution value)

I am a Non-Resident Alien (check one):

Withhold: 30% Tax Treaty rate of ____________% Country _________________________

Part 5: Withholding Election (continued)

Merrill Lynch and its Financial Advisors do not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot

be used, for the purpose of avoiding U.S. federal, state or local tax penalties. Please consult your own independent tax or legal advisor as to any tax, accounting or legal statements

made herein.

Withholding Notice

Federal income taxes are required to be withheld (subtracted)

from your distribution at a ﬂat rate of 10% unless you tell us

that you do not want any taxes withheld. State income taxes

will be withheld according to the speciﬁc requirements of the

state in which you reside. You must use this form to instruct us

whether you want income taxes withheld from distributions you

will receive from your retirement account. Even if you elect to

not have federal and state taxes withheld from your distribution,

you are liable for payment of federal and state income taxes on

the taxable portion of your distribution.

How to choose not to have taxes withheld

If you do not want any federal taxes withheld from your

distributions, check the appropriate box in part 5 (Withholding

Election). Your selection will also serve as an election not to

have state taxes withheld from your distributions. If you do

want state taxes withheld, check the appropriate box and

indicate the applicable state withholding rates. If you do not

make an election, we will assume you choose to have federal

and, if applicable, state income taxes withheld from all

distributions.

Changing your choice

You can change your withholding election at any time or as

oen as you wish by completing the appropriate federal and

state tax withholding sections.

Estimated Taxes

Under Internal Revenue Service Rules, if you choose not to have

federal income taxes withheld, or if the amount withheld from

your distribution is not suﬃcient, you may be responsible for

paying estimated taxes each quarter. When your actual taxes

for a year are determined, you could incur IRS penalties if your

estimated federal income tax payments were not suﬃcient.

You may incur similar tax penalties under state law.