I'd check with the bank....since we can't see the details on that letter
It almost sounds as if they are giving you the value of your IRA at the end of 2021,
.....and are then telling you what the RMD would be that you will need to take out this year, based on the stated value of that IRA.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
