Common use of No Rollovers of RMDs Clause in Contracts

No Rollovers of RMDs. An RMD must be satisfied before you can his/her RMDs until the end of the year in which you would have roll over any portion of your SIMPLE IRA account balance. The attained age 73. If you die on or after your RBD, your surviving first distributions made during a year will be considered RMDs and spouse will use the longer of his/her single life expectancy,

Appears in 9 contracts

Samples: Simple Ira Custodial Account Adoption Agreement, Simple Ira Custodial Account Adoption Agreement, Simple Ira Custodial Account Adoption Agreement

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