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Subject:  Re: How many IRA's? Date:  1/19/2004  12:09 AM
Author:  cliff666 Number:  38631 of 83076

"The IRS formulas for calculating the size of the distribution may give a number that is more than you wish to take out each year. Splitting the IRA and taking a distribution from only one of them provides more flexibility. "

I don't see how this would be true. You must take the same total amount whether you take it from one IRA or all of them. You can eliminated the IRAs one by one if you like.
The size of distribution required has nothing to do with the number of IRAs, so it is difficult to see where there would be any more flexibility.
Best wishes, Chris

My understanding is that to the IRS, you have one IRA. Your withdrawal is based to the sum of how ever many accounts you may choose to have for your IRA. They aren't stupid.

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