On Apr 14, 11:09 am, "Phil Marti" <prm20...[at]verizon.net> wrote:
- quote -

I just read pub 575 and I see that it says each plan must be figured
separately unless they are tax sheltered annuities.

Thank you.

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"Jane" wrote:

- quote -

I'm not. The calculation is the same whether you or the custodian/plan is
doing it.

- quote -

You can't. The 401(k) must calculate the required 2008 distribution based
solely on what's in it as of 12/31/2007. If you want more flexibility for
2009 and after, you'll have to roll the 401(k) into an IRA during 2008
(after you take the 2008 required distribution from the 401(k)). See IRS
Publication 575.

- quote -

For starters it depends on who the stated beneficiaries of the IRAs are.
Then you look to the rules in IRS Publication 590. Once you've calculated
the total you're free to take it from any combination of IRA accounts you
choose.

--
Phil Marti
Clarksburg, MD

--
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In article
<42ab6f37-5017-4727-b7a8-464536d8b7e0[at]t54g2000hsg.googlegroups.com> ,
Jane <googlemail2003[at]yahoo.com> wrote:

- quote -

Get Pub 590 from the IRS web site.

http://www.irs.gov/formspubs/lists/0,,id=97819,00.html

Page 34 and Appendices A & C give all of the necessary information and
worksheets to figure it on.

--
-Ernie-

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My husband will be 78 in a month. He has a 401k and several IRA CDs.
The 401k is paying a steady 5%, where the CDs are paying less than 2%.

In the past we took the easy way out and let each institution decide
what his minimum distribution needed to be. I'm sure we took out more
than necessary as a result.

We'd like to take it all from the CDs this year.

How do we calculate the amount? I am 15 years younger than my
husband.

Thanks.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >