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Level 2
July 6, 2019
Question

RMD withdrowal of both spouses

  • July 6, 2019
  • 2 replies
  • 53 views

My wife and I both are over 70 1/2, filing joint return. Can I take summ of RMDs (my and my wife) from my IRA only and keep my spouse IRA untouched?

    2 replies

    Rainman12
    Alumni - Champ
    Alumni - Champ
    July 6, 2019

    No. IRA = INDIVIDUAL Retirement Account. RMD amounts are based on your individual longevity.

    Alumni - Champ
    July 6, 2019

    You must each take your own RMD from your own IRA.