Common use of Qualified Disaster Recovery Distribution Clause in Contracts

Qualified Disaster Recovery Distribution. If you are an affected Xxxx XXX owner in a federally declared disaster area, you may take up to $22,000 per disaster from your Xxxx XXX without incurring the 10 percent early distribution penalty tax.

Appears in 7 contracts

Samples: Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement

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Qualified Disaster Recovery Distribution. If you are an affected Xxxx XXX owner in a federally declared disaster areaarea who has sustained an economic loss by reason of such qualified disaster, you may take up to $22,000 per disaster from your Xxxx XXX without incurring the 10 percent early distribution penalty tax.

Appears in 1 contract

Samples: Roth Individual Retirement Trust Account Agreement

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