Common use of Xxxxxxxxxx Longevity Annuity Contracts and RMDs Clause in Contracts

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 44 contracts

Samples: Ira Kit Agreement, Ira Kit Agreement, Ira Prototype Plan Agreement

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Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 15 contracts

Samples: Customer Account Agreement, Individual Retirement Account Custodial Agreement, Individual Retirement Trust Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-cost- of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 9 contracts

Samples: Ira Kit Agreement, Ira Prototype Plan Agreement, Ira Kit Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living cost‐of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 7 contracts

Samples: Simple Ira Custodial Account Adoption Agreement, Simple Ira Custodial Account Adoption Agreement, Simple Ira Account Application

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living cost‐of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 4 contracts

Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 3 contracts

Samples: Simple Ira Adoption Agreement, Simple Ira Adoption Agreement, Simple Individual Retirement Custodial Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year year-end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-cost- of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Simple Ira Adoption Agreement, Simple Ira Custodial Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000135,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 135,000 limit is subject to cost-of-living of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Simplified Employee Pension (Sep) Individual Retirement Accounts Contribution Agreement, Simplified Employee Pension (Sep) Contribution Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year year-end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity an- nuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums premi- ums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding exclud- ing Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year year-end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Account Agreement

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Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-of- living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Simple Ira Custodial Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity an- nuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums premi- ums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding exclud- ing Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year year-end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website web site at xxx.xxx.xxx.

Appears in 1 contract

Samples: Wealth Management Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE SEP IRAs must not exceed 25 percent (up to $125,000135,000) of the combined value of your SEP IRAs (excluding Xxxx IRAs). The $125,000 135,000 limit is subject to cost-of-living cost‐of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional SEP IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Custodial Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-cost- of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity an- nuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums premi- ums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding exclud- ing Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year year-end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website web site at xxx.xxx.xxx.

Appears in 1 contract

Samples: Wealth Management Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living cost‑ of‑living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Simple Ira Adoption Agreement

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000135,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 135,000 limit is subject to cost-of-living cost‐of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Custodial Agreement

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