Is there a minimum order size?

Most MEXEM products have no minimum order size, allowing trades as low as 1 share, contract, or currency unit. Forex is defined in first currency units. Bond minimums vary, and mutual funds have a $3,000 initial minimum. Check prospectuses for more details.

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General Questions

How do I determine my Required Minimum Distribution?

Due to COVID-19, the CARES Act has waived 2020 Required Minimum Distributions (RMDs) for IRA owners aged 70½ before 1/1/2020. Generally, RMDs are yearly withdrawals that IRA and retirement plan holders (except Roth IRAs) must take after reaching age 70½. RMDs are calculated by applying an IRS Life Expectancy Factor to your previous year-end account balance. RMD for each retirement plan must be estimated separately but can be withdrawn from any of the accounts. Refer to IRS Publication 550 for more details. Note, MEXEM doesn't provide tax advice. Consult a tax advisor or the IRS for tax-related queries.

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