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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: bacon   😊 😞
Number: of 1282 
Subject: Re: RMD's at Vanguard
Date: 01/10/24 10:45 AM
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Vanguard did not offer me the opportunity to designate this as my RMD. SO how does Uncle Sugar know I satisfied the RMD?

I got the same thing on my first RMD when I was with TDA, so I asked TDA. The answer I got back in short order (TDA's customer service was excellent, both in timeliness and accuracy and cogency) was that they can't really say whether my withdrawal satisfied my RMD requirement because they don't know what other IRAs I might have with other brokers, and those IRAs contribute to my total RMD for any year. The withdrawal would be reflected on the 1099 TDA sends out for the tax year, and that 1099-reported withdrawal can be used to satisfy the IRS--which knows what my RMD is because they know what I have in all my TIRA accounts.

Sure enough, that happened with my 1099 for that year (and subsequent years), and the IRS has been satisfied each year.

TDA also had no problem tracking my IRA withdrawals from them and telling me how much RMD I had left to withdraw from my account with them (tacitly assuming that account was my only account). So far, it's that way with Schwab, too.

I suspect your situation with V'guard and mine with erstwhile TDA are typical IRA-wide.

Eric Hines
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This community has written 1,215 posts about Retirement Investing. The article-length ones it recommended most:
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(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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