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Personal Investment & Financial Planning Q`s/RMD
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Question
QUESTION: Can you satisfy the RMD from a 403(b) by taking a withdrawal from a IRA?
ANSWER: Tim
Yes
Bruce
---------- FOLLOW-UP ----------
QUESTION: Bruce,
I hate to be a stickler, but can you cite this? Because I've been getting various opinions and the IRS.GOV website seems to make it seems that I can only satisfy RMD from a 403(b) with a 403(b) withdrawal.
Thanks!
Tim on page 33 of 46 of Pub 575 they come closest to helping us out here, but using the IRA might NOT work you are right to be unsure.
Roll the 403b into your IRA to be absolutely sure to have to make the MRD :)
No, assuming you don't want to make MRD, I am not certain what to tell you. Most likely help - Ed Slott is a big IRA person. Also the custodian of either your 403b or IRA might step in here.
Either account can delay the MRD from 2009 thanks to Pres Obama
Sorry not more help; you have a tough one
Bruce
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Answers by Expert:
Bruce Julien
Expertise
I can answer questions on and raise issues clients overlook in the areas of Estate Planning as far as taxes and distribution flow problems, Asset Management as far as appropriateness of assets and allocations for a desired goal and the value a consumer gets for their costs, Tax Planning related to Income and Estates, and Insurance/Annuity questions particularly in light of suitability to the consumer.
Experience
I became a CPA in 1991 and began offering financial advice in 1992. I am a Registered Investment Advisor which means I sign off on putting clients' interests first in a fiduciary role.
Education/Credentials
BA in Accounting, University of Maryland 1990
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