Common use of Tax-free Earnings Clause in Contracts

Tax-free Earnings. The earnings, including gains and losses, on Your spouse beneficiary can take a distribution of part or all of your Xxxx XXX contributions accumulate tax-deferred. At the time of his/her share of your Xxxx XXX and roll it over to a Xxxx XXX of your distribution, the earnings will be free from federal income tax if his/her own, less any RMD. your distribution is a qualified distribution.

Appears in 9 contracts

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

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