Aggregation of IRA distributions

[gkellar62]

Which types of retirement accounts and their distributions may be reported together, i.e. aggregate reported?  We have an annuity, a 401K and two traditional IRA accounts and we wish to withdraw from one account.

[Bsch4477]

An IRA owner must calculate the RMD separately for each IRA that he or she owns, but can withdraw the total amount from one or more of the IRAs. Similarly, a 403(b) contract owner must calculate the RMD separately for each 403(b) contract that he or she owns, but can take the total amount from one or more of the 403(b) contracts.

However, RMDs required from other types of retirement plans, such as 401(k) and 457(b) plans have to be taken separately from each of those plan accounts.

[gkellar62]

I am thinking that the traditional IRA saving accounts that my wife and I have are 457b accounts and the RMD can be withdrawn from one. Could the annuity IRA also be a 457b?

[Bsch4477]

You have to calculate your withdrawals separately from your wife’s accounts. Your financial institutions can answer any questions you have. 

[VolvoGirl]

Better make sure you know what kind of accounts you have.  A Traditional IRA is not a 457 or 401K.  And you have to keep your accounts and wife's accounts and distributions separate.