Q: I have several IRAs and just turned 70, so I must start taking withdrawals next year. Do I have to take money out of each IRA? A.S., Yardley, Pa.
A: You can take it all out of one IRA, if you'd like. You're correct that you must begin IRA distributions next year. And your minimum distribution amount must be calculated separately for each of your IRAs. But the total amount withdrawn can come from just one IRA or any combination of IRAs, as long as it equals the total minimum distribution required for the year. Note: Taxpayers have until April 1 of the year following the year in which you turn age 70 1/2 to begin required distributions.