Ira Required Minimum Distribution
August 21st, 2008
Question: When withdrawing money from traditional IRAs for Required Minimum Distribution, Can I use only one Traditiona?
for Required Minimum Distribution, Can I use only one traditional IRA instead of all several traditional IRAs? Thank you very much for answering the question.
Answer: Yes, you may withdraw the entire RMD from a single IRA. You will have to let the other financial institutions know that is your plan, and you probably will have to sign some sort of waiver releasing them from any responsibility for not taking the RMD from the individual accounts.
12) How bad are IRA RMD penalties?
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