My husband turned 73 in January 2025, two years before I do. We have the following investments:
- IRA in stocks/bonds managed fund with large investment firm (separate accounts for each of us). This is easy to determine the amount of the RMD.
- IRA annuities that mature in 2028 (each of us has an annuity in the same amount).
- Self-directed IRAs which own one rental property, husband 80%, me 20%. Husband does not have enough cash in his account for the RMD and to leave operating funds.
Questions:
- Is it okay to liquidate some of husbands' managed fund stock/bonds account to cover the RMD for the annuities so we don't disturb the annuities?
- Is it okay to liquidate some of husbands' managed fund stock/bonds account to cover the RMD for the cash balance deficity in the self-directed real estate IRA?
- Can you give recommendations on how to minimize tax liability? It appears that we should take the 2025 RMD before December 31, 2025, so as not to have double RMD income in 2026. Thoughts? Comments?
