Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
In your last post, you mentioned that you have several IRAs, does that mean that you have several IRA accounts? To the IRS you only have one IRA, although maybe you can have one Traditional IRA and one Roth IRA. So can you than use one of these IRA accounts to take out substantially equal amounts at age 58 until age 63, and then treat the other IRA accounts normally for withdrawals at age 59 1/2?

In other words, I have three IRA accounts right now. If I want to start withdrawing next year (age 58), should I choose one of these accounts to do this and leave the others untouched until 59 1/2?

Thanks for your help...wingwanch
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement