Do you have to make a required withdrawal from all IRAs you own at age 70.5?

Nov 21, 2017

When making a required withdrawal from an IRA at age 70.5, can it come from one IRA or do I have to withdraw from all IRAs that I have?

When you have multiple IRAs, you do not need to take distributions from each one. All you need to remember is that you must take the total required minimum distributions (RMD) from the accounts. For example, if your RMD from IRA No. 1 is $1,500, and the RMD from IRA No. 2 is $2,000, you need to take distributions totaling $3,500 from your IRAs. You can take it all from one account or split it between the accounts any way you want.

For more resources, check out PICPA’s Money & Life Tips, Ask a CPA, or CPA Locator.

Answered by: David M. Lastowski, CPA, is a sole practitioner in Erie, Pa.

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