RMD OBLIGATIONS
DO THE ANNUAL RETIREMENT WIHTDRAWAL SUMS RECIEVED AS PAYMENTS FROM AN ANNUITY ORIGINALLY PURCHSED WITH 401/IRA FUNDS COUNT AS RMD PAYMENT SATSFACTION TOWARD THE ENTIRE AMOUNT OWED TO IRS EACH YEAR?
THANK YOU
Terry Says
The withdrawals count toward your total RMD obligation. But you need to add up your other IRAs, and the value of your annuities, to get your total RMD requirement for the year. YOu can go to any online RMD calculator, insert the total value of all your IRAS, and your age, to get the amount of your RMD each year.
