Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. If the five-year rule applies to an IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020 because of this waiver. For example, if an IRA owner died in 2019, the beneficiary’s five-year period ends in 2025 instead of 2024.
Appears in 4 contracts
Samples: Traditional Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. If the five-year rule applies to an IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020 because of this waiver. For example, if an IRA owner died in 2019, the beneficiarybeneficiariy’s five-year period ends in 2025 instead of 2024.
Appears in 2 contracts
Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. 2020 If the five-year rule applies to an a SIMPLE IRA with respect to any decedent, the five-year period is determined without regard to calendar year 2020 because of this waiver. For example, if an a SIMPLE IRA owner died in 2019, the beneficiary’s five-year period ends in 2025 instead of 2024.
Appears in 2 contracts
Samples: Simple Ira Custodial Account Agreement, Simple Ira Custodial Account Agreement
Waiver of 2020 RMD. RMDs and life expectancy payments for beneficiaries were waived for calendar year 2020. If the five-year five‐year rule applies to an IRA with respect to any decedent, the five-year five‐year period is determined without regard to calendar year 2020 because of this waiver. For example, if an IRA owner died in 2019, the beneficiary’s five-year five‐year period ends in 2025 instead of 2024.
Appears in 1 contract
