Q. I have to take required minimum distributions from my IRAs. Can I take the RMD for the current tax year from just one of the IRA accounts? B.B., Arlington, Va.
A. Yes. However, you must aggregate the value of all your IRAs and figure out the annual RMD amount. You can then take that amount from one IRA or selected IRAs while leaving the rest of your accounts untouched.
Example: If you have two IRAs and the IRS life expectancy table requires you to withdraw a total of $1,000, you can take the entire $1,000 out of just one IRA. Alternatively, you might choose to withdraw $500 from each of the IRAs.