My husband must begin taking distributions from his tax deferred retirement(s) next year. Two questions. 1) Does he need to begin withdrawal from all of his accounts, IRA's and Annuities? and What is the minimum withdrawal

[MarthaT1]

Thank you for your questions, my friend

You are required to get the RMD - Required Minimun distribution from the following accounts:

 - Pensions

 - Profit-Sharing

 - 401(k)

 - 403(b)

 - 457(B)

 - Simple IRA's

You are not required to take RMD from Roth IRA's. 

You have to calculate your RMD separately for each of your accounts plans.  

Normally, you are responsible to calculate the RMD but in many cases your financial institution will calculate the RMD.  If you want to calculated yourself you can use the following publication 590-B at  https://www.irs.gov/pub/irs-pdf/p590b.pdf. 

You can also see https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-di...

I hope I was able to answered your questions

Thank you so much

Martha

[Loretta P]

Hello MikeysGirl, 

Once a person turns 72 they must begin taking Required Minimum Distributions (RMD) each year.  The RMD rules apply to all employer-sponsored retirement plans, such as pensions, profit-sharing, 401(k), 403(b), and 457(b) plans, as well as Traditional IRAs and IRA-based plans, such as SEPs, SARSEPs, and SIMPLE IRAs. You can take out amounts larger than the RMD, but you must at least take out the RMD amount.  Your plan administrator would help you make those calculations.

The person must begin RMD from all accounts.  You are not able to do the accounts one at a time, meaning you use one up first then move to the next.  The RMD applies to all accounts at the same time.

What is an RMD? 

This link from the IRS FAQ Q.4. has the information on how RMD are calculated.  

Retirement Plan and IRA Required Minimum Distributions FAQs 

I hope this answered your question.