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min wirhdrawals IRA and 401k
Old 12-19-2014, 09:34 AM   #1
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min wirhdrawals IRA and 401k

Can I add the sum of IRA and 401k together for the IRS minimum withdrawal requirements or do I have to withdraw sums from each ?
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Old 12-19-2014, 10:15 AM   #2
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Quote:
Originally Posted by bobbee25 View Post
Can I add the sum of IRA and 401k together for the IRS minimum withdrawal requirements or do I have to withdraw sums from each ?
Though at the moment I can't find a specific regulation to cover it, I'm reasonably certain you need to take each RMD separately from IRA and 401k.
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Old 12-19-2014, 11:35 AM   #3
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Old 12-19-2014, 11:36 AM   #4
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You must take the RMD separately from each 401K. That makes the 401K RMDs separate from the TIRAs. You can aggregate TIRAs for the purpose of RMDs if they are of the same "type".....that is e.g. yours.......so you can take the RMD from 1 TIRA or some or all . You can not aggregate TIRAs of different types....e.g. inherited/beneficiary TIRAs with your own.

http://www.irs.gov/Retirement-Plans/...ution-Plans%29
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Old 12-19-2014, 11:44 AM   #5
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Inherited IRA RMDs start when you inherit them, no matter what your age, BTW.


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Old 12-24-2014, 12:50 PM   #6
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When I retired, my company required my 401K's to be taken out of their programs because they'd been paying the expenses. My 401K's were rolled into a Rollover IRA account with my other personally funded IRA funds.

When my minimum withdrawals are required, it'll be all consolidated.
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