Quote:
Originally Posted by retiredguy123
It is an excellent point that, if you have multiple traditional IRA accounts, you do not need to take money from each account to satisfy the RMD, even if each custodian makes a separate RMD calculation. The only RMD calculation that matters is the total for all accounts. You can take the money from any of the accounts to satisfy the RMD. If possible, it makes a lot of sense to consolidate all of your IRA money under a single custodian, who can calculate your RMD every year, and make it easier to not make a mistake.
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Someone may also want to verify this. I believe that if you have a 401K plan along with a traditional IRA you must also take an RMD from the 401K plan and it must come out of the 401K plan. This would be a separate calculation and withdrawal from your traditional IRA