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Aggregating RMDs

401k pension ira

My client, who is retired, has a Roth IRA, multiple traditional IRAs and a 401(k) plan, and is over age 70 ½.  Can a distribution from his 401(k) plan satisfy all RMDs that he is obliged to take for the year?

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Highlights of Discussion

Conclusion

Individuals who are over age 70 ½, generally, are required to take RMDs from their tax-favored retirement accounts on an annual basis. There is some ability to pool certain accounts for RMD purposes, but the RMD aggregation rules are complex. Therefore, the guidance of a financial professional is suggested.