RMD Funding - Ask Extension
I have a 401K and an IRA, turned 70.5 on 12/29 and deferred last years RMD until now. As I understand it I have to keep the 401K RMD withdrawal sepa...
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RMD Funding #381828
Asked January 12, 2017, 3:42 PM EST
I have a 401K and an IRA, turned 70.5 on 12/29 and deferred last years RMD until now. As I understand it I have to keep the 401K RMD withdrawal separate from my IRA RMD. If I withdraw the remainder of the 401K, withhold tax, can I use that remainder as part of my overall RMD for this tax year?
Lake County Illinois
Expert Response
This information from the IRS should answer your questions: https://www.irs.gov/retirement-plans/rmd-comparison-chart-iras-vs-defined-contribution-plans
