There have numerous posts regarding and annuities and IRA RMDs. I was unable to locate the following situation.
T-IRA owner, >70.5 has an annuity in "pay" status. If understood correctly the IRA no longer exists as the IRA balance was used to purchase the annuity.
T-IRA owner has a separate IRA ("IRA #2") invested in mutual funds.
Does the annuity "stream" count towards or satisfy the RMD?
How (if at all) does the annuity pay-out effect the RMD calculation for IRA #2 ( the 1st IRA not only doesn't exist but does have a previousl year's 12/31 account value)
Thank you in advance