Xxxx Individual Retirement Custodial Account Sample Clauses
Xxxx Individual Retirement Custodial Account. The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.
Xxxx Individual Retirement Custodial Account. 5305-RA Do Not File with Internal Revenue Service
Xxxx Individual Retirement Custodial Account. (Under section 408A of the Internal Revenue Code) Form 5305-RA (Rev. March 2002) Department of the Treasury, Internal Revenue Service. Do not file with the Internal Revenue Service.
Xxxx Individual Retirement Custodial Account. Agreement
6. Beneficiary Rollovers From 401(k), 403(b), or 457(b)
Xxxx Individual Retirement Custodial Account. Agreement custodial account, or if insufficient cash shall be available, by sale, or withdrawal of sufficient assets in the custodial account and application of the sales proceeds or funds withdrawn to pay such fees and expenses. The custodian shall not incur any liability on account of such sale of as- sets under such circumstances. Any brokerage commissions attributable to the assets in your Xxxx XXX will be charged to your Xxxx XXX. You cannot reimburse your Xxxx XXX for those commissions.
9.06 Investment of Amounts in the Xxxx XXX – You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, mar- ket, or clearing house where the transaction is executed; our policies and practices; and this agreement. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this agreement (in- cluding, without limitation, Section 9.03 of this article). We will have no discretion to direct any investment in your Xxxx XXX. We assume no responsibility for rendering investment advice with respect to your Xxxx XXX, nor will we offer any opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your Xxxx XXX. In the absence of instructions from you, or if your instructions are not in a form acceptable to us, we will have the right to hold any uninvested amounts in cash, and we will have no responsi- bility to invest uninvested cash unless and until directed by you. We will not exercise the voting rights and other shareholder rights with respect to investments in your Xxxx XXX unless you provide timely written directions acceptable to us. You will select the investment for your Xxxx XXX assets from those investments that we are authorized by our charter, articles of incorporation, or bylaws to offer and do in fact offer for Xxxx IRAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts.) We may in our sole discretion make available to you additional investment offerings, which will be limited to publicly traded securities, ...
Xxxx Individual Retirement Custodial Account. In the event of my death, pay any interest I may have under my Account to the following Primary Beneficiary or Beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any Primary Beneficiary predeceases me, their share is to be divided among the Primary Beneficiaries who survive me in the relative proportions assigned to each such surviving Primary Beneficiary. If none of the Primary Beneficiaries survives me, pay any interest I may have under my Account to the following Alternate Beneficiary or Beneficiaries who survive me. Make payment in the proportions specified below (or in equal proportions if no different proportions are specified). If any Alternate Beneficiary predeceases me, their share is to be divided among the Alternate Beneficiaries who survive me in the relative proportions assigned to each such surviving Alternate Beneficiary. Proportions for Beneficiaries must total 100%. If more than one primary beneficiary is designated, and no distribution percentages are indicated, the beneficiaries will be deemed to own equal share percentages in the account(s). Multiple contingent beneficiaries with no share percentage indicated will also be deemed to share equally. I am the spouse of the above-named Owner. I acknowledge that I have received a full and reasonable disclosure of my spouse’s property and financial obligations. Due to any possible consequences of giving up my community or marital property interest in this IRA, I have been advised to see a tax professional or legal advisor. I hereby consent to the beneficiary designation(s) indicated above. I assume full responsibility for any adverse consequence that may result. No tax or legal advice was given to me by the Custodian, Eventide Funds or the Sponsor.