Saturday, January 23, 2010

Required Minimum Distributions (RMD)-Multiple IRAs

Q. If I have more than one IRA, can I calculate in total and take my RMD from one account, or do you have to take RMD's from each account?

A. If a participant has more than one IRA, determine a separate RMD for each IRA based on designated beneficiaries of each IRA. However, the total RMD for all IRAs can be taken from any one or more of the IRAs

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