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written by reader RMD from Solo 401k and IRA’s

By Anonymous Questions, June 14, 2016

I have a number of IRA with Invesco and others. Each year I determine what the RMD total should be and then arrange to take the total out of one account.

Recently I established a SOLO 401K with Invesco. Can I just include
it in the above calculations or do I have to calculate and withdraw a
separate value from the SOLO 401K?

If possible send me a definitive answer or link that discusses this
situation. All I can find is general information about IRAs and
nothing about yes or no on co-mingling.

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eleellee
eleellee
6 years ago

I am not familiar with the Invesco Solo 401(k) plan and I am not an accountant or tax expert. But if the Invesco Solo plan qualifies as a Roth 401(k), the following answer to a FAQ on the IRS website may provide the information you are seeking. Here is the link to the IRS website (see Question #2):

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-required-minimum-distributions#2

Question #2: What types of retirement plans require minimum distributions?
Answer: The RMD rules apply to all employer sponsored retirement plans, including
profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans. The RMD rules also apply to traditional IRAs and IRA-based plans such as SEPs, SARSEPs, and SIMPLE IRAs.
The RMD rules also apply to Roth 401(k) accounts. However, the RMD rules do not apply to Roth IRAs while the owner is alive.

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