AmyC
Employee Tax Expert

Retirement tax questions

Let's look at the actual rules, then what you have and did to get a final answer.

Rules:

  • IRA accounts - you can pick one account to cover the RMD for each account
  • 403b - same as IRA
  • 401k- you must take the RMD from each account
  • 457B - you must take the RMD from each account

 

You have "multiple retirement accounts" - if they are all IRA accounts, then you determine the RMD of each and can withdraw the funds all from one account or spread out among them- per person.  If you have other investments, please reply back with more information, if you need further assistance.

 

Reference:  Retirement plan and IRA required minimum distributions FAQs | Internal Revenue Service

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