No Pledging. If you use a part of your IRA as security for a loan, "you" and "your" will apply to you. In the event you appoint a third that part is treated as a distribution and is included in your gross party, or have a third party appointed on your behalf to handle certain income. You may have to pay the 10% additional tax on early transactions affecting your IRA, such third party will be considered your distributions.
Appears in 10 contracts
Samples: Individual Retirement Custodial Account Adoption Agreement, Individual Retirement Custodial Account Adoption Agreement, Individual Retirement Custodial Account Adoption Agreement
