Quote:
Originally Posted by Stu from NYC
We take out in multiple payments. Taking out in one is easier I suppose but not that difficult to call Rowe Price and tell them how much to send and how much to withhold.
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As long the RMD is taken in full by 12/31 of each year the IRS doesn't care.
Some of my clients take their RMD monthly, some take it in pieces and some take it as a lump sum..
Form 5498 issued by the trustee of each IRA advises you what your RMD from that plan is, They are generally issued in March of each year for the preceding year.
If you have multiple IRAs you can add up all of the RMD's for all of your IRAs and take it out of one plan.
I would take 401(k) from each plan as required.
Don't short the RMD - penalty is very severe.