Retired; moving my Roth 401k to Vanguard from Nationwide
Nationwide cut three checks. Two they (hopefully) sent to Vanguard, one for my pre tax money and one for post tax. Those funds will be deposited into existing V accounts.
They also cut a much smaller check to me, personally, for what it labeled RMD; 10% was taken out for taxes.
I assume they sent the 10% to the IRS, and I can deposit this check in my personal account and it'll be taxable income for 2026. And, I will get a 1099-R from Nationwide.
Am I wrong anywhere?