Do you know if the withdrawals must be taken out of the SAME IRA accounts for the 5 year period - prior to 59 1/2. TP has several mutual funds with IRA captions on them. Can she choose different funds over the 5 year period or is she locked in to a chosen few that will give her the $$$'s she wants.
-
-
I think and I say this because I have no research materials in front of me. But I think it is the total of all IRA's that are considered not one specific one. I think it is simialr to say RMD calculation where by you need to take all IRA acct values into consideration. -
No restrictions
Dear susieq
There is no such limiting requirement. An individual only has one IRA, even though the funds may be divided into two or more different investment accounts, each with its own trustee. As long as the requisite amount is withdrawn from any one account, or a combination of accounts, the requirements will be satisfied.Roland Slugg
"I do what I can."Comment
Comment