# calculation based on total value of all IRAs?

L1: calculation based on total value of all IRAs?i found the following interesting. it was on a fidelity site.

so, if the total value of my IRAs = 100 dollars, but i’ve split it into 2, one with 75 and the other with 25, the amount withdrawn each year is actually based on 100? that is different than my understanding.

If I have multiple tax-deferred accounts, can I just take SEPPs from one of them?

Yes, provided that: 1) the assets are clearly separated into different accounts; 2) you calculate the SEPP based on the total market value of the chosen account; and 3) you withdraw the SEPPs from the same account you used in your calculation.

2012-05-05 08:53, By: nick, IP: [174.111.51.31]

L2: calculation based on total value of all IRAs?Same answer as previous question…

Either account may be used as the SEPP account. Just designate which account will be used and base your initial calculations on the designated account. The other may be used for emergencies, etc without impacting the SEPP account.

If you base your calculations on the total of both accounts, then both accounts are part of the SEPP. If both accounts are part of the SEPP, distributions coud come from either or both accounts as long as the exact annual distribution is made.2012-05-05 09:50, By: Gfw, IP: [205.178.73.77]

L2: calculation based on total value of all IRAs?You are confusing 2 different situations.

1. Required Minimum Distributions from Traditional IRAs after > 70 1/2 are calculated based upon all traditional IRA account balances as of the preceding 12/31, and change every year.

2. SEPP IRA 72-T distributions are calculated based upon 1 or more traditional IRA account balances at whatever date you select, for the IRA accounts that you select for the SEPP IRA. Once you make the initial calcualtion of the ANNUAL distribution amount ( which can be pro-rated for the first calendar year), that ANNUAL distribution remains the same for every calendar year until the later of 5 years (60 months) or age 59 1/2.

3. As you see, # 2 is for “early distributions starting BEFORE age 59 1/2, while # 1 is for REQUIRED MINIMUM DISTRIBUTIONS AFTER AGE 70 1/2.

4. Fidelity was discussing #1, while this forum is about #2.2012-05-06 04:17, By: dlzallestaxes, IP: [71.175.95.64]