I have run upon a question I hope someone can clarify for me. In 2014, my spouse and I closed our IRAs we had with certain local banks and transferred them to new institutions. Now it is 2015, and I am trying to figure out how much RMDs we will owe on IRAs. I know I have to get the figure from the 12/31/14 year end balances etc. but do I have to go back to the date in 2014 when I closed the other IRAs and also figure the RMD for the closed IRAs also? It seems to me that the amount of the closed IRAs are in the 2014 year end balances for the new IRAs and I don't want to end up having to be taking more withdrawals than we have to. Do we just figure the total RMDs from whatever we have left at year end 2014 if the money was transferred to these new institutions?
Thanks so much for any information you can provide. I tried asking the banks but they have no idea what I am supposed to do. Much appreciation for any advice.