We learn how to apply the RMD rules when an individual has multiple accounts.... ( read more )
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
What Are the Aggregation Rules That Apply When an Individual Has More Than One IRA? Individual Retirement Accounts (IRAs) are popular investment vehicles that offer tax advantages for saving for retirement. Many individuals choose to have more than one IRA to diversify their investments or take advantage of different tax benefits. However, when it comes to reporting and aggregating these accounts, certain rules apply to ensure compliance with the Internal Revenue Service (IRS) regulations. The aggregation rules come into play when an individual owns multiple IRAs. These rules are essential to accurately calculate tax liabilities and determine the required minimum distributions (RMDs) from the accounts. Here are the k
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)