1. Saturday, July 21, 2012 - 10:35 AM
Interesting article but one point confuses me. It states if the IRA is less than $100,000.00 you don't have to make a withdrawal?? What if you have more than one and one of them is under $100,000.00 but the others are more? Does that mean the one with the $100,000.00 is exempt but you need to withdraw your RMD from others? This makes no sense to me since they allow us to combine all IRAs and take the needed RMD from anyone we prefere. How can they allow combined totals and then state we can eliminate adding the one with the lesser amount to it? I noticed this is a new Bill so it may not have started yet. I have been withdrawing money from certain IRAs for years which were under the $100,000.00. I wonder where this will put us if we already were withdrawing from smaller accounts. Can we eliminate those once the Bill is passed?
Pearl, or anyone who has a better understanding of these rules: I would appreciate additional info because I thought I was up to date on RMD withdrawals and the rules. The above info is new to me. Thanks!
Pearl, or anyone who has a better understanding of these rules: I would appreciate additional info because I thought I was up to date on RMD withdrawals and the rules. The above info is new to me. Thanks!
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