IRA and 401k and their relation to RMD…
If I have an IRA and a 401k, can I calculate my RMD on both accounts and perform the distribution out of the IRA only? I own more than 5% of the company with the 401k.
If I have an IRA and a 401k, can I calculate my RMD on both accounts and perform the distribution out of the IRA only? I own more than 5% of the company with the 401k.
Permalink Submitted by Alan - IRA critic on Mon, 2017-11-27 23:39
No, these RMDs must be satisfied separately. IRA RMDs can only be aggregated with other IRA accounts, not with other types of accounts.