Common use of Contributions to Multiple IRAs Clause in Contracts

Contributions to Multiple IRAs. If you have more than one ▇▇▇▇ ▇▇▇, the contribution limits listed below apply to the total amount you may contribute to all of your ▇▇▇▇ IRAs for the year. If you also have a Traditional ▇▇▇, the contribution limits listed below are reduced by any amounts you contribute to your Traditional ▇▇▇ for the tax year. In addition, employer retirement plans may establish separate accounts to receive voluntary employee contributions. If the account meets the requirements of an ▇▇▇ and you make voluntary employee contributions to that separate account, the total amount listed below that you may contribute to all of your IRAs is reduced by those voluntary employee contributions. Regular ▇▇▇ Contributions. You may annually contribute up to the lesser of 100% of your compensation or the maximum amount listed below. Catch-up Contributions. If you are age 50 or older before the end of the tax year, you may make an additional catch-up contribution to your ▇▇▇▇ ▇▇▇ for that tax year of up to $1,000. Spousal ▇▇▇ Contributions. If you are married, file a joint tax return and your compensation is less than your spouse’s (including zero), you and your spouse may each fund a ▇▇▇▇ ▇▇▇ according to the limits for funding “Regular ▇▇▇ Contributions” above. However, the total contributions made to both of your ▇▇▇▇ IRAs may not exceed the combined compensation of you and your spouse. Repayments of Qualified Reservist Distributions. You may repay “qualified reservist distributions” by making one or more contributions to your ▇▇▇▇ ▇▇▇ within two years of the end of your active duty. The aggregate amount that may be repaid may not exceed the amounts of such distributions and is in addition to other eligible contribution amounts. No tax deduction is allowed for these contributions. For more information, consult your tax advisor.

Contributions to Multiple IRAs. If you have more than one ▇▇▇▇ ▇▇▇, the contribution limits listed below apply to the total amount you may contribute to all of your ▇▇▇▇ IRAs for the year. If you also have a Traditional ▇▇▇IRA, the contribution limits listed below are reduced by any amounts you contribute to your Traditional ▇▇▇ IRA for the tax year. In addition, employer retirement plans may establish separate accounts to receive voluntary employee contributions. If the account meets the requirements of an ▇▇▇ IRA and you make voluntary employee contributions to that separate account, the total amount listed below that you may contribute to all of your IRAs is reduced by those voluntary employee contributions. Regular ▇▇▇ IRA Contributions. You may annually contribute up to the lesser of 100% of your compensation or the maximum amount listed below$5,500 (for tax year 2013 and 2014). The regular IRA contribution amounts are increased annually to reflect a cost-of-living adjustment, if any. Catch-up Contributions. If you are age 50 or older before the end of the tax year, you may make an additional catch-up contribution to your ▇▇▇▇ ▇▇▇ for that tax year of up to $1,000. Spousal ▇▇▇ IRA Contributions. If you are married, file a joint tax return and your compensation is less than your spouse’s (including zero), you and your spouse may each fund a ▇▇▇▇ ▇▇▇ according to the limits for funding “Regular ▇▇▇ IRA Contributions” above. However, the total contributions made to both of your ▇▇▇▇ IRAs may not exceed the combined compensation of you and your spouse. Repayments of Qualified Reservist Distributions. You may repay “qualified reservist distributions” by making one or more contributions to your ▇▇▇▇ ▇▇▇ within two years of the end of your active duty. The aggregate amount that may be repaid may not exceed the amounts of such distributions and is in addition to other eligible contribution amounts. No tax deduction is allowed for these contributions. For more information, consult your tax advisor.

Contributions to Multiple IRAs. If you have more than one ▇▇▇▇ ▇▇▇, the contribution limits listed below apply to the total amount you may contribute to all of your ▇▇▇▇ IRAs for the year. If you also have a Traditional ▇▇▇IRA, the contribution limits listed below are reduced by any amounts you contribute to your Traditional ▇▇▇ IRA for the tax year. In addition, employer retirement plans may establish separate accounts to receive voluntary employee contributions. If the account meets the requirements of an ▇▇▇ IRA and you make voluntary employee contributions to that separate account, the total amount listed below that you may contribute to all of your IRAs is reduced by those voluntary employee contributions. Regular ▇▇▇ IRA Contributions. You may annually contribute up to the lesser of 100% of your compensation or the maximum amount listed below. Catch-up Contributions. If you are age 50 or older before the end of the tax year, you may make an additional catch-up contribution to your ▇▇▇▇ ▇▇▇ for that tax year of up to $1,000. Spousal ▇▇▇ IRA Contributions. If you are married, file a joint tax return and your compensation is less than your spouse’s (including zero), you and your spouse may each fund a ▇▇▇▇ ▇▇▇ according to the limits for funding “Regular ▇▇▇ IRA Contributions” above. However, the total contributions made to both of your ▇▇▇▇ IRAs may not exceed the combined compensation of you and your spouse. Repayments of Qualified Reservist Distributions. You may repay “qualified reservist distributions” by making one or more contributions to your ▇▇▇▇ ▇▇▇ within two years of the end of your active duty. The aggregate amount that may be repaid may not exceed the amounts of such distributions and is in addition to other eligible contribution amounts. No tax deduction is allowed for these contributions. For more information, consult your tax advisor.

Contributions to Multiple IRAs. If you have more than one ▇▇▇▇ ▇▇▇, the contribution limits listed below apply to the total amount you may contribute to all of your ▇▇▇▇ IRAs for the year. If you also have a Traditional ▇▇▇IRA, the contribution limits listed below are reduced by any amounts you contribute to your Traditional ▇▇▇ IRA for the tax year. In addition, employer retirement plans may establish separate accounts to receive voluntary employee contributions. If the account meets the requirements of an ▇▇▇ IRA and you make voluntary employee contributions to that separate account, the total amount listed below that you may contribute to all of your IRAs is reduced by those voluntary employee contributions. Regular ▇▇▇ IRA Contributions. You may annually contribute up to the lesser of 100% of your compensation or the maximum amount listed below. Catch-up Contributions. If you are age 50 or older before the end of the tax year, you may make an additional catch-up contribution to your ▇▇▇▇ ▇▇▇ for that tax year of up to $1,000. Spousal ▇▇▇ IRA Contributions. If you are married, file a joint tax return and your compensation is less than your spouse’s spouse‟s (including zero), you and your spouse may each fund a ▇▇▇▇ ▇▇▇ according to the limits for funding “Regular ▇▇▇ IRA Contributions” above. However, the total contributions made to both of your ▇▇▇▇ IRAs may not exceed the combined compensation of you and your spouse. Repayments of Qualified Reservist Distributions. You may repay “qualified reservist distributions” by making one or more contributions to your ▇▇▇▇ ▇▇▇ within two years of the end of your active duty. The aggregate amount that may be repaid may not exceed the amounts of such distributions and is in addition to other eligible contribution amounts. No tax deduction is allowed for these contributions. For more information, consult your tax advisor.