Common use of INCOME DISTRIBUTION REPORTING Clause in Contracts

INCOME DISTRIBUTION REPORTING. Distribution from a: TRADITIONAL □ XXXX □ SEP IRA □ □ Early Distribution (Account holder must be under age 59 1/2- IRS penalty applies unless rollover occurs within 60 days) □ Normal Distribution (Account holder age 59 1/2 or over; includes Required Minimum Distributions) □ Permanent Disability (Account holder meets disability qualifications under Section 72(m)(7) of IRS Code, documentary proof may be required.) □ Death (Income distributions must be distributed from an Inherited IRA.) □ IRA Trustee to Trustee Custodial Transfer (Non-Taxable). For a Trustee to Trustee transfer, this form must be signed and Signature Guaranteed by accepting custodian OR must include the custodian’s signed Letter of Acceptance.

INCOME DISTRIBUTION REPORTING. Distribution from a: TRADITIONAL □ XXXX □ SEP IRA □ □ Early Distribution (Account holder must be under age 59 1/2- IRS penalty applies unless rollover occurs within 60 days) □ Normal Distribution (Account holder age 59 1/2 or over; includes Required Minimum Distributions) □ Permanent Disability (Account holder meets disability qualifications under Section 72(m)(7) of IRS Code, documentary proof may be required.) □ Death (Income distributions must be distributed from an Inherited IRA.) □ IRA Trustee to Trustee Custodial Transfer (Non-Taxable). For a Trustee to Trustee transfer, this form must be signed and Signature Guaranteed by accepting custodian OR must include the custodian’s signed Letter of Acceptance. □ Non-reportable income distribution move within Steadfast.