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You are at that minimum distribution age: where do you start?

Q. I will be 72 years old in March, so 2022 will be the first year to be subject to the withdrawal requirements. I have two 401 (k). One is from the current employer and the other is from the previous employer. There are also two IRAs and one Roth IRA. I need to know how to calculate the required amount, can I get it from one account? — — Melbourne Beach Sid

A. Sid, it’s always good to think ahead. Roth IRAs are not subject to a mandatory minimum allocation (RMD), so you don’t have to worry about that account.

The minimum allocation (RMD) for all types of accounts covered by RMD is calculated individually for each account and must be obtained from that account unless exceptions apply. There is one exception that certainly applies to you and a second that may help. You will reach them soon.

You are at that minimum distribution age: where do you start?

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