I own 2 Beneficail IRAs

Submitted by Robert Wright on Wed, 2010-01-06 21:10

I own 2 Beneficail IRAs.

Can I aggregate them for purposes of the RMD?

i.e., can I take the total RMD for both of the beneficial IRAs from just one of the beneficial IRAs?



Submitted by Al Fry on Wed, 2010-01-06 21:15

Yes, as long as both of them are from the same original IRA owner.



Submitted by Alan Spross on Wed, 2010-01-06 21:18

Yes, but only if they were inherited from the same decedent AND you were using your life expectancy on both for RMDs.

If for some reason you elected the 5 year rule on one of the IRAs, or one of the IRAs was created on a late rollover from an employer plan and you remained stuck with the 5 year rule from that plan, then you could not aggregate them.



Submitted by Robert Wright on Wed, 2010-01-06 21:38

Thanks Alfry and Alan.



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