By Terry Savage on March 14, 2018 | Financial Planning / Retirement

My husband and I are both turning 69 this year. We each have multiple IRAs, mostly Roth, along with one SEP and my current employer 401. I may work another year. I'm concerned that the multiple accounts could be a disadvantage. We do not need the RMD for general living expenses. Is there a way to position ourselves to take the least dollar amount?

Terry Says

Yes, it's easy to take the required MINIMUM distribution -- even if you have multiple accounts.  Just go the the largest account and ask them to calculate the MRD -- BUT give them the balances in ALL your retirement accounts -- at year-end last year -- as a basis for calculating THIS year's RMD.  They will easily do that for you.  however, it's important that you keep good records of your year end account balances.   You can take the distribution from one or more accounts.

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