If an individual has 3 IRA,s and the MRD from each one is $5,000, can

[David]

I have two 70-1/2 MRD questions:

1. If an individual has 3 IRA,s and the MRD from each one is $5,000, can he take $15,000 from any one and satisfy the MRD requirement for all 3 IRA's?

2. If an individual has a benefit in a qualified retirement plan and has an IRA, and he takes a total lump sum distribution from the ret. plan which far exceeds the total MRD requirement from the ret. plan and the IRA together, is an IRA MRD still required for the year in question?

[Mary Kay Foss]

IRS Notice 88-38 answers your first question. You figure the distribution from each IRA separately then take the total from whichever account you prefer.

Notice 88-38 allows you to combine IRAs with IRAs for RMD purposes; it also allows you to combine 403(B) plans with other 403(B) plans. However you can NEVER satisfy an IRA RMD with a distribution from a 401 plan.

[David]

Thanks Mary Kay. I appreciate the cite as well.