Multiple IRAs. An individual may satisfy the minimum distribution requirements under Sections 408(a)(6) and 408(b)(3) of the Code by receiving a distribution from one IRA that is equal to the amount required to satisfy the minimum distribution requirements for two or more IRAs. For this purpose, the Contract Holder of two or more IRAs may use the "alternative method" described in Notice 88-38, 1988-1 C.B. 524, to satisfy the minimum distribution requirements described above.
Appears in 4 contracts
Samples: Individual Retirement Annuity (Ira) or Simplified Employee Pension (Sep) Plan (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Individual Retirement Annuity (Ira) or Simplified Employee Pension (Sep) Plan (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Variable Annuity Contract (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)
