401K and IRA after 70.5 and retired
I have a 401k from the employer I retired from several years ago. I also have 2 IRA accounts.
can I aggregate the accounts and then take the total RMD due from one of the IRAs.
or do I have to satisfy the 401k RMD from the 401k only? and then The aggregate the IRAs..
Permalink Submitted by Alan - IRA critic on Fri, 2019-03-01 19:34
You can aggregate the IRA accounts, but the 401k RMD must be satisfied separately. Starting in the year in which you reach 70.5, if you do a direct rollover of the 401k to an IRA, the 401k RMD must be distributed no later than the date of the direct rollover. Remember to consider NUA if you have highly appreciated employer shares in the 401k. Distribution of such shares is credited against the 401k RMD.