IRA 401K Distribution
It will soon be time to take RMD. I have multiple accounts from which to draw funds. Is it possible to take all the required amount from 1 account, or do you have to take a little from each to meet the requirement? If I am able to deplete one first, what documents do I need to prove to the other account holders that I am meeting my requirement?
Permalink Submitted by Alan - IRA critic on Mon, 2018-08-06 18:47
A separate RMD must be taken for each 401k account you have from that account. For your IRA accounts, you can aggregate the RMDs which means you can satisfy your total IRA RMD requirement by taking the distribution in any combination from your IRAs. Your IRA custodians are aware of this rule and will not try to force you to take an RMD from each one. They will simply let you know that there is an RMD requirement FOR each account, and they you can take it from the IRA you wish.