Concerning my wife's accounts, is it sufficient to withdraw an amount equal to the minimum for all her accounts from just one account? My reason for asking is that one account gets a high return and the other has a very low return. Further, would a large withdrawal from her account cover the withdrawals that I am required to make, or must I withdraw from my accounts alone? L.H. A: You can take a single distribution from one of your wife's individual retirement accounts to satisfy her total required distribution - provided they are all IRAs and not 401(k) plans - but you can't double up as a couple, because IRAs are for individuals, said Maria Erickson, a financial planner and principal of Freedom Financial & Business Planning in Tampa, Fla. Your characterization of her accounts' returns was puzzling.
Source: http://feedproxy.google.com/~r/chicagotribune/yourmoney/~3/Xo1m3k65a3Y/story01.htm
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