Inherited IRA RMD
Client (age 66) has an inherited IRA from her late mom. The client is taking RMD’s from inherited IRA each year. The client has her own IRA. When this client reaches age 70 1/2, can she satisfy her own IRA RMD by taking additional distributions from her inherited IRA without taking RMD’s from her own IRA? Thank you.
Permalink Submitted by Alan - IRA critic on Wed, 2017-11-22 22:15
No, that is not permitted. The inherited IRA and her own IRA must each separately satisfy their own RMD requirements. RMDs are allowed to be aggregated (taken in any combination) only between different owned IRA accounts or between different inherited IRA accounts inherited from the same original decedent. Note that in each of these two situations the RMD divisors will be the same. These rules result in no allowed aggregation between accounts with different divisors in which the account being withdrawn faster could be used to preserve assets in the IRA being withdrawn slower.