topic Required minimum distribution in Retirement tax questions

Required minimum distribution

Trap20 — Tue, 24 Feb 2026 03:23:42 GMT

Hi, I tried searching the forum but haven't been able to find a direct answer to my question below.

I have three accounts from three different sources. Account one is my 401K from my previous employer. Account two is an IRA through my bank and account three is an annuity from an insurance company. Do I need to withdraw an RMD from each since they are from various companies or can I withdraw all my RMD from just one account. I thought I could withdraw from just one and I went ahead withdrew the total amount from my lowest account. Now I'm being told otherwise and if I do need to draw from each account, I need to do it now while I'm within my allotted time frame. I would like to get a correct answer before I file my taxes.

Thanks for any help you can provide.

Steve

Re: Required minimum distribution

robtm — Fri, 10 Mar 2023 20:34:16 GMT

You do not have an RMD from an annuity, you just receive periodic payments throughout the year. For your 401K and IRA, since these are different vehicles you must withdraw an RMD from each and cannot combine them. However I believe you could rollover your 401K into an RMD and then you could take your combined RMD from one of them.

Re: Required minimum distribution

MayaD — Fri, 10 Mar 2023 16:58:16 GMT

You can't take the RMD from one account. For RMD purposes, each plan type stands alone.

Per IRS: If you have more than one IRA, you must calculate the RMD for each IRA separately each year. However, you may aggregate your RMD amounts for all your IRAs and withdraw the total from one IRA or a portion from each of your IRAs. You do not have to take a separate RMD from each IRA.

If you have more than one defined contribution plan, you must calculate and satisfy your RMDs separately for each plan and withdraw that amount from that plan.

A defined-contribution plan is a retirement plan that's typically tax deferred. Examples include 401(k) and 403(b) plans.

For more information check: RMD Comparison Chart (IRAs vs. Defined Contribution Plans)