Jan 12

For Required Minimum Distribution, Can I use only one traditional IRA instead of all several traditional IRAs? Thank you very much for answering the question.

2 comments so far...

  • STEVEN F Said on January 12th, 2010 at 7:06 pm:

    You can make your required distribution from any one IRA or from any combination of IRAs. Just be sure you calculate the minimum distribution for each IRA and withdraw the TOTAL from somewhere.

    More than one IRA. If you have more than one traditional IRA, you must determine a separate required minimum distribution for each IRA. However, you can total these minimum amounts and take the total from any one or more of the IRAs.

  • doreen k Said on January 12th, 2010 at 7:43 pm:

    Yes, you may withdraw the entire RMD from a single IRA. You will have to let the other financial institutions know that is your plan, and you probably will have to sign some sort of waiver releasing them from any responsibility for not taking the RMD from the individual accounts.

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