I have both a (smallish) IRA and a (much larger) 401k, both at Vanguard. The question is how are withdrawals made? Does each separate fund have a required RMD, or can a single RMD be based on the total tax deferred balances of both funds, and come from only one fund, such as the IRA?
Assuming both options are legal, which is easier to manage, while keeping both the IRS and Vanguard happy? Personally, would like to take all funds from the IRA first (seems to be a "simple" solution), unless there is a good reason not to do so. (RMDs not required this year, just getting prepared)
Assuming both options are legal, which is easier to manage, while keeping both the IRS and Vanguard happy? Personally, would like to take all funds from the IRA first (seems to be a "simple" solution), unless there is a good reason not to do so. (RMDs not required this year, just getting prepared)
Statistics: Posted by Colorado Guy — Fri Sep 06, 2024 9:10 am — Replies 8 — Views 429