Common use of Qualified Distributions Clause in Contracts

Qualified Distributions. A qualified distribution from your Xxxx XXX is not subject to federal income tax. A qualified distribution may be made after five or more years provided you (i) are age 59½ or older, (ii) are disabled, (iii) qualify for a special purpose distribution such as the purchase of a first home, or (iv) are deceased. The five-year holding period begins with the first tax year for which you make a regular contribution, or if earlier, the first tax year in which a conversion or an employer plan rollover is made to your Xxxx XXX. A subsequent contribution, conversion or rollover will not start a new five-year period for purposes of determining a qualified distribution.

Qualified Distributions. A qualified distribution from your Xxxx XXX is not subject to federal income tax. A qualified distribution may be made after five or more years provided you (i) are age 59½ or older, ; (ii) are disabled, (iii) qualify for a special purpose distribution such as the purchase of a first home, or (iv) are deceased. The five-year holding period begins with the first tax year for which you make a regular contribution, or if earlier, the first tax year in which a conversion or an employer plan rollover is made to your Xxxx XXX. A subsequent contribution, conversion or rollover will not start a new five-year period for purposes of determining a qualified distribution.

Qualified Distributions. A qualified distribution from your Xxxx XXX is not subject to federal income tax. A qualified distribution may be made after five or more years provided you (i) are age 59½ or older, (ii) are disabled, (iii) qualify for a special purpose distribution such as the purchase of a first home, or (iv) are deceased. The five-year holding period begins with the first tax year for which you make a regular contribution, or if earlier, the first tax year in which a conversion or an employer plan rollover is made to your Xxxx XXX. A subsequent contribution, conversion or rollover will not start a new five-year period for the purposes of determining a qualified distribution.

Qualified Distributions. A qualified distribution from your Xxxx XXX is not subject to federal income tax. A qualified distribution may be made after five or more years provided you (i) are age 59½ or older, (ii) are disabled, (iii) qualify for a special purpose distribution such as the purchase of a first home, or (iv) are deceased. The five-year five‐year holding period begins with the first tax year for which you make a regular contribution, or if earlier, the first tax year in which a conversion or an employer plan rollover is made to your Xxxx XXX. A subsequent contribution, conversion or rollover will not start a new five-year five‐year period for the purposes of determining a qualified distribution.