Aggregating Regular & SIMPLE IRAs for RMDs
I believe it’s OK to aggregate SIMPLE and traditional IRAs for RMD purposes, meaning that my client’s RMD can come from either one or from a combination of the two. Am I correct? Assuming that I am correct, is there any reason to take the RMDs from each account?
Permalink Submitted by Alan - IRA critic on Tue, 2014-05-13 00:08
You are correct. The RMD should be calculated separately for each account and can then be aggregated in any combination when requesting the actual RMD. No particular reason to take the RMD from each account vs. aggregating.