Common use of Waiver of 2020 RMD Clause in Contracts

Waiver of 2020 RMD. In spite of the general rules described above, no beneficiary life expectancy payments are required for calendar year 2020. In addition, if the five-year rule applies to a Xxxx XXX with respect to any decedent, the five-year period is determined without regard to calendar year 2020. For example, if a Xxxx XXX owner died in 2017, the beneficiary’s five-year period ends in 2023 instead of 2022.

Waiver of 2020 RMD. In spite of the general rules described above, no beneficiary life Life expectancy payments are required for beneficiaries were waived for calendar year 2020. In addition, if the five-year rule applies to a Xxxx XXX with respect to any decedent, the five-year period is determined without regard to calendar year 20202020 because of this waiver. For example, if a Xxxx XXX owner died in 20172019, the beneficiary’s five-year period ends in 2023 2025 instead of 20222024.

Waiver of 2020 RMD. In spite of the general rules described above, no beneficiary life expectancy payments are required for calendar year 2020. In addition, if the five-year five‐year rule applies to a Xxxx XXX with respect to any decedent, the five-year five‐year period is determined without regard to calendar year 2020. For example, if a Xxxx XXX owner died in 2017, the beneficiary’s five-year five‐year period ends in 2023 instead of 2022.