Common use of Year Rule Clause in Contracts

Year Rule. The 10-Year Rule requires depletion of the inherited funds by the end of the tenth calendar year following your death. If an eligible designated beneficiary elects to take distributions from the Inherited IRA in accordance with the 10-Year Rule, because your death is before your required beginning date, they are not subject to a distribution requirement each year.

Appears in 4 contracts

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

AutoNDA by SimpleDocs

Year Rule. The 10-Year Rule requires depletion of the inherited funds by the end of the tenth calendar year following your death. If an eligible designated your spouse beneficiary elects to take distributions from the Inherited IRA in accordance with the 10-Year Rule, because your death is before your required beginning date, they are not subject to a distribution requirement each year.. Life

Appears in 4 contracts

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

Year Rule. The 10-Year 10‐Year Rule requires depletion of the inherited funds by the end of the tenth calendar year following your death. If an eligible designated beneficiary elects to take distributions from the Inherited IRA in accordance with the 10-Year 10‐Year Rule, because your death is before your required beginning date, they are not subject to a distribution requirement each year.

Appears in 1 contract

Samples: Traditional Individual Retirement Account Custodial Agreement

AutoNDA by SimpleDocs

Year Rule. The 10-Year 10‐Year Rule requires depletion of the inherited funds by the end of the tenth calendar year following your death. If an eligible designated your spouse beneficiary elects to take distributions from the Inherited IRA in accordance with the 10-Year 10‐Year Rule, because your death is before your required beginning date, they are not subject to a distribution requirement each year.. Life

Appears in 1 contract

Samples: Traditional Individual Retirement Account Custodial Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!