RMDs & SIMPLE IRAs

Submitted by Alanna Crawford on Thu, 2010-02-04 20:25

If a client has multiple traditional IRAs, and they have a SIMPLE IRA can all of the values be aggregated together and the RMD taken from any of the accounts, or does the SIMPLE have to have a separate RMD because it is an employer plan?



Submitted by Alan Spross on Thu, 2010-02-04 20:37

Any owned IRA under Sec 408 can be aggregated, and that includes traditional, SEP and SIMPLE IRAs.

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