Originally Posted by donheff
Finance Dude's reference tells you that if you bought an SPIA with the entire proceeds of your IRA you could forget about RMDs. If you had another qualified plan or left some $ in the IRA you would have RMDs based on the residual amount.
Well, that's what fairmark said. However, I posted this question at an IRA forum for advisors, and I got "it depends", "it might be in the tax code somewhere"...........
It seems logical that a SPIA would remove the RMD, because you would have no way to calculate the year-end value going forward, but methinks the IRS has thought of that already.........