|
#2
01-02-2005, 09:02 PM
| |||
| |||
 Re: IRA and 401k at 70.5 "p4o2[at]webtv.net" <p4o2[at]webtv.net> wrote: - quote - > I am 70.5 in 2005 and have both IRA(s) and a 401k. Do I have
Both> to take the money from both an IRA and the 401k or can I > just total the IRA's and the 401k, and take the minimum > distribution (based on the total) from one IRA or the 401k? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
01-02-2005, 09:02 PM
| |||
| |||
| Re: IRA and 401k at 70.5 4o2[at]webtv.net wrote: - quote - > I am 70.5 in 2005 and have both IRA(s) and a 401k. Do I have
You must keep the IRAs separate from the 401K. This means> to take the money from both an IRA and the 401k or can I > just total the IRA's and the 401k, and take the minimum > distribution (based on the total) from one IRA or the 401k? that at a minimum you would have to have at least two distributions (one from the pension and one from an IRA account). -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
01-02-2005, 08:24 PM
| |||
| |||
| Re: IRA and 401k at 70.5 <p4o2[at]webtv.net> wrote: - quote - > I am 70.5 in 2005 and have both IRA(s) and a 401k. Do I have
You must take your minimum distribution from each. One> to take the money from both an IRA and the 401k or can I > just total the IRA's and the 401k, and take the minimum > distribution (based on the total) from one IRA or the 401k? cannot cover the other. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
12-31-2004, 01:32 PM
| |||
| |||
| IRA and 401k at 70.5 I am 70.5 in 2005 and have both IRA(s) and a 401k. Do I have to take the money from both an IRA and the 401k or can I just total the IRA's and the 401k, and take the minimum distribution (based on the total) from one IRA or the 401k? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 401k, 705, ira |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| 401K Manager or Balancing 401K Account Joe Doe: Can anyone make the case for me to go through th exercise of balancing a 401k account or balancing through the 401K manager? I am careful to enter... | Microsoft Money | 2 | 01-08-2007 05:14 PM | |
| OT IRA and 401k Joseph A. Zupko: Can you have both a IRA and 401k? | Microsoft Money | 4 | 02-02-2005 01:09 AM | |
| 401k & IRA Vic Dura: If a person is a participant in his employer's 401k plan for part of 2004 (depositing $900), and then change to a new employer without a 401k plan,... | Taxes | 9 | 10-22-2004 05:28 AM | |
| Quicken 401k to Money 401k Jim: Just replaced my Quicken with Money 2004. Everything converted well. Only thing I can't figure out: I have an account "My 401k" ... in Quicken.. ... | Microsoft Money | 1 | 10-05-2003 01:07 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
