Common use of Traditional XXX-to-Xxxx XXX Conversions Clause in Contracts

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ or older, you must remove your required minimum distribution before converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ or older, older you must remove your required minimum distribution before converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ or olderrequired to take a required minimum distribution for the year, you must remove your required minimum distribution before converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ or olderrequired to take a required minimum distribution for the year, you must remove your required minimum distribution before converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify qualified for any exceptions to the 10 percent early distribution penalty tax. .. If you are age 70½ or older, older you must remove your required minimum distribution before prior to converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ 701⁄2 or older, older you must remove your required minimum distribution before converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, purposes and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent 10% early distribution penalty tax will not apply to conversions from a Traditional traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent 10% early distribution penalty tax. If you are age 70½ or olderrequired to take a required minimum distribution for the year, you must remove take your required minimum distribution before converting your Traditional traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ 701⁄2 or older, you must remove your required minimum distribution before converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX IA to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for of any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ or older, older you must remove your required minimum distribution before prior to converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are age 70½ 701⁄2 or older, you must remove your required minimum distribution before converting your Traditional XXX.

Traditional XXX-to-Xxxx XXX Conversions. If you convert to a Xxxx XXX, the amount of the conversion from your Traditional XXX to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional XXX to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. You must convert the same property you received from the Traditional XXX. If you are age 70½ or older, you must remove your required minimum distribution before converting your Traditional XXX.