RMD for SEP and rollover
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I know that generally, someone with two or more IRA’s is not required to take the RMD calculated for each IRA from that IRA, but instead can take the total RMD amount from just one of the IRA’s.
Does that statement also apply to SEP IRA’s?
Thanks in advance for any help you can give on this,
Permalink Submitted by Alan Spross on Fri, 2011-03-18 18:55
Yes.
Owned SEP, SIMPLE and traditional IRA RMDs can be aggregated with the RMD taken in any combination from those accounts.
Permalink Submitted by Geoffrey Foisie on Fri, 2011-03-18 20:18
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Thanks kindly.