Tax Info 2023

Answers to Common Tax-Related Questions

Tax season brings up many questions. Here is some information that might be helpful.

Tax Forms: We will mail all forms no later than Jan. 31, 2023. These forms will also be available online on or around Jan. 31, 2023. 

  • Clients who have an IRA or employer retirement plan; 401(k), 403(b), and 457 mutual fund account(s) with Security Benefit can locate tax forms by logging into their account and clicking the Statements tab.
  • For fixed, fixed index, and variable annuity account(s) with Security Benefit, tax forms can be found under Documents.

Required Minimum Distributions (RMD): You may soon receive a letter about taking your RMD. SECURE Act 2.0, a bipartisan piece of legislation passed on Dec. 29, 2022, provides an update to the rule that governs the age you must take your first RMD. The new RMD age is 73 and applies to any persons turning 73 on January 1, 2023, or later.

The deadlines for RMDs are the following:

  • If you turned 72 in 2022, and it is the first year you were required to take an RMD, you need to take your 2022 RMD by April 1, 2023 and the 2023 RMD by December 31, 2023.
  • If you have been required to take an RMD in previous years, you need to take your 2023 RMD by December 31, 2023.

You may request a withdrawal by contacting our service center or your financial professional.

Still have questions? Visit our Tax Center for more information, contact your financial professional or tax advisor for guidance, or call us at 800.888.2461.

Visit the Tax Center

SB-10027-38 | 2023-01-20