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I have several IRA accounts...Do I have to take a MRD from each account?

Common question....If you are over 70 1/2 you can withdraw your Minimum Requred Distribution MRD from any one of your IRA accounts.  Make sure and calculate your MRD for each IRA , add those amounts up and withdraw from one singe IRA if you like.  

Also, you could merge all your IRA accounts together...your broker can transfer IRA accounts from other institutions.   

Posted on Sunday, November 23 by Registered CommenterWise Owl in | Comments Off