Lori H Posted September 4, 2013 Posted September 4, 2013 participant has an IRA and a profit sharing plan. He is 75 and his wife is the owner. Can he satisfy the profit sharing's RMD by taking it solely from the IRA?
Lou S. Posted September 4, 2013 Posted September 4, 2013 No. While all IRAs of a participant can be aggregated and the minimimum distribution be taken from any one, each qualified plan must indepedently satisfy the RMD requirements. david rigby and Bill Presson 2
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now