RMD’s Required from a tax-deferred Annuity
I am 75 years old and own a tax deferred Annuity IRA as well as other tax deferred Traditional IRA’s. With my situation, can I remove my entire annual RMD requirement from the traditional IRA’s or am I required to treat the Annuity separately and take the RMD minimum from the Annuity and the balance of the annual RMD from the traditional IRA’s?
Permalink Submitted by Alan - IRA critic on Wed, 2020-03-18 14:11
As long as the IRA annuity has not been annuitized, the RMD aggregation rules still apply. You can take the total RMD in any combination between the IRA annuity and non annuity IRA accounts. However, the amount of the annuity RMD can be influenced by the fringe benefits in the contract, therefore in order to determine what the RMD is for that account, the insurance company would have to provide you with that figure. Then you can still take your total RMD in any combination.