Skip to main content
No. of Recommendations: 0
Pixy writes,

<<OTOH, I read somewhere that you should keep your deductible and non-deductible IRA accounts separate. The idea is that when you start withdrawing, you can choose which account to draw from, affecting your taxes. (Is this correct, Pixy?) >>

Not quite. Traditional IRAs are treated as one giant pool at the time of withdrawal. All are lumped together regardless of which one is used for the distribution.

This may be a fine point, but I don't think you can treat your IRAs as "one giant pool" if you're taking SEPP distributions. If you use only one IRA to calculate an SEPP distribution, you may only withdraw your distribution from that IRA.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.