Beneficiary IRA RMD separate from TIRA?…
Do you separate Trad IRA RMD’s, Beneficiary IRA RMD’s, and work Deferred Comp RMD’s? In other words, does the client have to take 3 RMD’s (one from each)?
Do you separate Trad IRA RMD’s, Beneficiary IRA RMD’s, and work Deferred Comp RMD’s? In other words, does the client have to take 3 RMD’s (one from each)?
Permalink Submitted by Edward Czapor on Fri, 2010-06-11 17:45
Yes each of these RMDs are independent of each other, and must be separately taken. A distribution from one category cannot be applied to the RMD of the others. If there is more than one account from the same beneficiary, these can be combined to satisfy the RMD for that beneficiary IRA, with the RMD withdrawn from one of the accounts if desired.