Waiver of 2020 RMD. In spite of the general rules described above, you are not required to take a life expectancy payment from your inherited Xxxx XXX for calendar year 2020. In addition, if the five-year rule applies to your inherited Xxxx XXX, the five-year period is determined without regard to calendar year 2020. For example, if the original Xxxx XXX owner died in 2017, your five-year period will end in 2023 instead of 2022.
Appears in 3 contracts
Samples: Inherited Roth Ira Adoption Agreement, Inherited Roth Ira Adoption Agreement, Roth Individual Retirement Custodial Account Agreement
Waiver of 2020 RMD. In spite of the general rules described above, you are not required to take a life expectancy payment from your inherited Xxxx XXX for calendar year 2020. In addition, if the five-year five‐year rule applies to your inherited Xxxx XXX, the five-year five‐year period is determined without regard to calendar year 2020. For example, if the original Xxxx XXX owner died in 2017, your five-year five‐year period will end in 2023 instead of 2022.
Appears in 2 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement
Waiver of 2020 RMD. In spite of the general rules described above, you are not required to take a life expectancy payment from your inherited Xxxx XXX for calendar year 2020. In addition, if the five-year rule applies to your inherited Xxxx XXX, the five-year period is determined without regard to calendar year 2020. For example, if the original Xxxx XXX owner died in 2017, your five-year period will end in 2023 instead of 2022.
Appears in 1 contract
Samples: Inherited Ira Adoption Agreement
