RMD Order

[Michelle657]

I have several tax-advantaged accounts.  Is my yearly RMD based on the total of the combined tax-advantaged accounts? 

[John-H2021]

Hello Michelle,

To calculate your RMD, divide your year-end account balance from the previous year by the IRS life-expectancy factor based on your birthday in the current year. If you own multiple Accounts, you need to calculate the RMD for each account, but you can take the total RMD from just one account or any combination of accounts.

https://www.irs.gov/retirement-plans/rmd-comparison-chart-iras-vs-defined-contribution-plans

[dmertz]

Your traditional IRA RMDs can be aggregated and taken from any of your traditional IRA accounts.  Similarly, 403(b) RMDs can be aggregated and taken from any of your 403(b) accounts.  No other aggregation is permitted.  The RMD for a particular 401(k), 457(b) or the federal TSP must be taken from the particular account.