You must be registered to comment and vote on comments.
Thanks for your column Chris....
A fine point.....
Technically, for purposes of RMD calculations, the IRS treats ALL of your IRA'S as ONE. So the calculation is based on the prior year 12/31 separate balances ADDED TOGETHER. And you are quite correct that the RMD may be taken however you wish, from one or more accounts.
Only ERISA qualified plan RMD's MUST each be calculated and paid separately.
Your comment is being reviewed for inclusion on the site.
Comments will be reviewed before being published.
425 Portland Av. S.
Minneapolis, MN 55488
© 2013 StarTribune. All rights reserved.
StarTribune.com is powered by Limelight Networks