Required minimum distribution
I am approaching the RMD age. My question is: part of my income is from dividends, some from IRA or 401K accounts. When I am required to take the distribution, will these cash withdrawals, count towards the minimum distribution, or do I need to withdraw only from the actual stock holdings?
Thank you!
Terry Says
If you have been withdrawing those dividends from your IRA or other retirement account, those will count toward your RMD. What you need to do now is contact at least one of your IRA custodians, give them a list of ALL of your retirement account balances, and they will calculate your RMD. You can take the money from one, or several, of those retirement accounts. And the money withdrawn may come from selling mutual funds or stocks inside your IRA or from the dividends that have been accumulating inside your IRA.
