I have an Equitable Accumulator Annuity that was established by transferring funds from a traditional IRA account. I have exercised an option of the Annuity that provides life time guaranteed monthly income. On tax year 2020 the 1099-R block 7 reflects Normal distribution code of 7 with an X in the block of IRA/SEP/Simple. My question is how does this guaranteed monthly income impact minimum RMD of other IRA accounts? Charles Schwab is advising that I need to have minimum RMD and a flexible retirement annuity with USAA Insurance is also that I need a required minimum distribution. Am not sure that I need to have minimum RMD from all retirement accounts ?
