1 Best answer
May 31, 2019 6:32 PM
The financial institution or IRA custodian should calculate the RMD for you. Note that your RMD is based on the total value of *all* Traditional IRA accounts, but the RMD can be satisfied by taking a distribution from any IRA account. Each IRA custodian would only calculate the RMD for the IRA account that they hold.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
February 20, 2021 6:48 PM
consult the table in IRS Pub 590-B for your divisor based on your age.
Add up all your IRAs as of Dec 31 and divide.
Caution: IRS is updating the table, make sure you get the new table,
otherwise your RMD calculation will be off.