RMD
Person is age 66 and has individual IRA they are drawing from and a beneficial IRA. Can the regular IRA withdrawals be counted towards the beneficial IRA RMD?
Person is age 66 and has individual IRA they are drawing from and a beneficial IRA. Can the regular IRA withdrawals be counted towards the beneficial IRA RMD?
Permalink Submitted by Alan Spross on Thu, 2009-10-01 20:23
No. But the inherited IRA RMD has been waived for 2009.
Starting next year, since he MUST take inherited IRA RMDs, perhaps the added funds will enable the owned IRA distributions to be stopped or reduced.