Multiple Retirement Accounts Required Minimum Distribution (RMD) Rules

If you have multiple IRA accounts, you must compute the required minimum distribution (RMD) separately for each account, but the required amount can be withdrawn from any one or combination of your own IRA accounts. Withdrawing from a beneficiary IRA cannot satisfy the required distribution on your own IRA. The required distribution on the inherited IRA must be calculated separately and withdrawn only from that account or from another beneficiary IRA that you inherited from the same person. If you have beneficiary IRAs from different decedents, the required distribution from each beneficiary account must be figured and withdrawn separately.

403(b) plans, like IRAs can be combined for figuring required distributions, but you cannot satisfy your required IRA distribution by withdrawing from your 403(b) plan or vice-versa.

If you have qualified plans, such as a solo 401(k), the required distribution amount for each plan must be figured separately and taken only from an account within that plan. For example, if you have 4 different solo 401k plans, you must withdraw the required amount from each plan. You cannot withdraw from one plan to satisfy the distribution on another even though they are both solo 401k plans. That aggregation can only be done with IRAs and 403(b)s. However, if you have several different accounts within a particular solo 401k plan, you can withdraw the required amount from any one of those accounts.

You cannot satisfy your traditional IRA required distribution by withdrawing from a Roth IRA. Roth IRA beneficiaries who are subject to required distributions must withdraw from the Roth IRA. They can only aggregate Roth IRAs inherited from the same person.

To learn more about the RMD regulations, VISIT HERE.