Ok I am trying to figure this out for good in my own mind. I have 1 403b plan and an 1 IRA plan that I reached the MRD time, I must figure each separetly and take a draw from my 403b AND a draw from my IRA. IT would then seem rational to roll the 403 to the IRA and only do 1 calculation. Am I thinking this correctly?
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My wife rolled over her 403B plan into a rollover IRA even though she had no other IRA. It has done better in the IRA than it would have in one of those annuities in which they used to require 103Bs to be invested.Originally posted by TAX4US View Post -
Sorry, they need to be done separately.
Here is the Regulation:
Q-9. Is the required minimum distribution from one IRA of an owner permitted to be distributed from another IRA in order to satisfy section 401(a)(9)?
A-9. Yes, the required minimum distribution must be calculated separately for each IRA. The separately calculated amounts may then be totaled and the total distribution taken from any one or more of the individual's IRAs under the rules set forth in this A-9. Generally, only amounts in IRAs that an individual holds as the IRA owner may be aggregated. However, amounts in IRAs that an individual holds as a beneficiary of the same decedent and which are being distributed under the life expectancy rule in section 401(a)(9)(B)(iii) or (iv) may be aggregated, but such amounts may not be aggregated with amounts held in IRAs that the individual holds as the IRA owner or as the beneficiary of another decedent. Distributions from section 403(b) contracts or accounts will not satisfy the distribution requirements from IRAs, nor will distributions from IRAs satisfy the distribution requirements from section 403(b) contracts or accounts. Distributions from Roth IRAs (defined in section 408A) will not satisfy the distribution requirements applicable to IRAs or section 403(b) accounts or contracts and distributions from IRAs or section 403(b) contracts or accounts will not satisfy the distribution requirements from Roth IRAs.
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