RMD from a MF account and/or Guaranteed annuity
I have an IRA in both a mutual fund account AND a variable annuity with a Guaranteed benefit. Obviously the annuity has a market value as well as a guaranteed benefit value. Which number is used by the IRS for my annuity amount in order to calculate my RMD?
Permalink Submitted by Alan - IRA critic on Thu, 2023-12-28 02:24
The insurance company is going to have to provide you with the amount of the RMD from the IRA annuity. There are 3 highly complex options for them to use and the value of certain fringe benefits might have to be added to the cash value to determine the RMD. Once you get the RMD amount you can satisfy your total RMD in any combination between the IRA annuity and your other IRA accounts.