Required Minimum Distributions

[Guest hitt24]

I have a client with two IRA's as well as three separate 401(k) balances. He turned 70 1/2 in 2000. He is not employed. His broker told him that he could aggregate all of these accounts, for calculation purposes, and pull one RMD out of just one of the IRA's. The information that I keep reading is that he cannot combine his IRA's and 401(k)'s to calculate the RMD. I think he can combine his IRA's but that the 401(k)'s must be calculated separately. Does anyone know the answer?

[Guest Mr. X]

You know the answer. Your analysis is correct that the IRA's can be combined, but each qualified plan must satisfy the minimum distribution rules separately.