I live in the United States and I have an annuity that hasn't been annuitized in a traditional IRA account (IRA A).
I need to take a required minimum distribution (RMD) of $8K this year for IRA A.
I have a few other traditional IRA's which I'll lump together (IRA B) which have a RMD of $17K.
I've already taken out $10K from IRA A this year. If I annuitize IRA A this year, it will pay out $7K this year.
How much do I still need to take out from IRA B if I annuitize IRA A this year? I'm assuming that the annuity payment this year will count towards IRA A's RMD, so I still need to withdraw $8K - 7K = 1K. IRA B's RMD = $17K. Then I subtract $10K, the money I've already taken out of IRA A.
1K + 17K - 10K = 8K
Do I need to take $8K out of IRA B? Thanks.