pmacduff Posted August 17, 2005 Share Posted August 17, 2005 I don't do much with SIMPLE plans and someone has asked if the SIMPLE can be aggregated with the person's personal IRA accounts for purposes of the 70 1/2 RMD calculation and distribution. It seemed logical to me that this would be ok, but I couldn't find an answer in print. They are aware that any Qualified Plan distributions must be taken from the plan as a stand alone. Any help is appreciated. Link to comment Share on other sites More sharing options...
R. Butler Posted August 17, 2005 Share Posted August 17, 2005 See Treas. Reg. §1.408-8, Q&A2 Q-2. Are IRAs that receive employer contributions under a simplified employee pension (defined in section 408(k)) or a SIMPLE IRA (defined in section 408(p)) treated as IRAs for purposes of section 401(a)(9)? A-2. Yes, IRAs that receive employer contributions under a simplified employee pension (defined in section 408(k)) or a SIMPLE plan (defined in section 408(p)) are treated as IRAs, rather than employer plans, for purposes of section 401(a)(9) and are, therefore, subject to the distribution rules in this section. Link to comment Share on other sites More sharing options...
pmacduff Posted August 17, 2005 Author Share Posted August 17, 2005 Thank you very much ! Link to comment Share on other sites More sharing options...
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