Robert11 wrote:

- quote -

Yes, you have 'one IRA' it's just broken up into different accounts. You
take the total 12/31/06 value, calculate the RMD from that, and take it
from whichever account(s) you choose. It's line 15a/b on the 1040, with
a supporting 1099-R if you use TurboTax. No different since that line is
the total of all distributions, for those who do it that way.


- quote -

No. You can take stock as a distribution, with one warning. Say you take
$10,000 value of XYZ company. You satisfied the RMD for $10K, and moved
those shares to your non-IRA account. Now, your basis is $10,000 for
that stock. And the clock starts for long term treatment, i.e. the
distribution date is your purchase date. This move just lets you avoid
the two commissions you'd incur by selling in the IRA, and buying outside.

Two further points; If you do not itemize, but you do donate to charity,
2007 is your chance to make a donation directly out of the IRA. You get
no tax deduction (you don't anyway, if you don't itemize) but this
counts toward your RMD and you don't pay tax of it.

Second - see http://www.fairmark.com/refrence/index.htm and understand
your marginal tax bracket. You should consider whether converting some
IRA money to a Roth each year can benefit you. Since your IRA is growing
and your RMD divisor, decreasing (ever larger withdrawals), you may find
that in November each year you can convert enough to 'top off' your
current bracket and avoid or delay being forced into the next bracket.
I give more details at http://www.joetaxpayer.com/roth.html on this
approach. If you have any questions on this strategy, post back here.
JOE

Hello,

Have turned 70 now.
Hard to believe, but it sure does catch up with you !

Not at all sharp with this stuff, but let me please ask the following
regarding the minimum withdrawl from an IRA.

a. Have several accounts (several TIAA/CREF, and a bank traditional IRA)

Can I add the required amounts due from each, and just take this total
amount from one account ?

If so, what paper work needs to be filed if I am doing this, this way ?

Is this different from the normal paper work i would file if I was just
taking the minimum due from each account ?

b. My wife asked this, and I have no idea how to answer her question.
She was curious about IRA accounts that are composed of stocks.
Does one have to sell off some stock to handle the minimum distribution ?

Or, ?

Much thanks,
B.