Graybeard
Full time employment: Posting here.
- Joined
- Aug 7, 2018
- Messages
- 597
I have several non-Roth IRA accounts. Can I take the total reqtuired RMD amount from only one account? Or do I have to take the RMD percentage from each account?
If one of those non-Roth IRA accounts is a 401k (and I think this applies to 403b too) you can not aggregate those, yoy have to take the 401k RMD from the 401k and then you aggregate the IRAs.You can take it from one account or several, as long as the total adds up to your RMD. In my case, I have 2 accounts, and take part out of each one.
Also I have read about taking the RMD in kind. I spoke to Vanguard and they require you (maybe it's an IRS rule or maybe it is just Vanguard) to specify the RMD in shares not a dollar amount. I assumed you could do an in kind RMD is dollars.