Common use of Funding Distribution Clause in Contracts

Funding Distribution. If roll over any portion of your IRA account balance. The first you are an HSA eligible individual, you may elect to take a qualified distributions made during a year will be considered RMDs and can HSA funding distribution from your IRA (not including ongoing be satisfied by earlier distributions from your other traditional IRAs SEP and SIMPLE IRAs) to the extent such distribution is (including SEP IRAs) or SIMPLE IRAs that are aggregated. Any contributed to your HSA in a trustee-to-trustee transfer. This amount RMD that is rolled over will be fully taxable and considered an is aggregated with all other annual HSA contributions and is subject excess contribution until corrected.