Individual retirement account definition

Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

Individual retirement account or “IRA” means the types of eligible retirement plans specified in A.R.S. § 38-770(D)(3)(a) and (b).

Examples of Individual retirement account in a sentence

• I agree to the terms of my Account, which are contained in the applicable provisions of the document entitled First National Bank of Omaha Traditional/Xxxx Individual Retirement Account Custodial Agreement and this Adoption Agreement.

• I, the person signing this Adoption Agreement (hereinafter called the “Owner”), establish an Individual Retirement Account (IRA), which is either a Traditional IRA or a Xxxx XXX, as indicated below, (the “Account”) with First National Bank of Omaha as Custodian (“Custodian”).

• If the Depositor maintains an Individual Retirement Account under Code Section 408(a), Depositor may convert or transfer such other IRA to a Xxxx XXX under Code Section 408A using the UMB, n.a. Xxxx XXX Adoption Agreement by completing and executing the Adoption Agreement and giving suitable directions to the Custodian and the custodian or trustee of such other IRA.

• As used in this Article VIII the following terms have the following meanings: “Account” or “Custodial Account” means the SIMPLE Individual Retirement Account established using the terms of this Agreement and the Adoption Agreement signed by the Participant.

• The Depositor acknowledges that he or she has received and read the current prospectus for each Fund in which his or her Custodial Account is invested and the Individual Retirement Account Disclosure Statement related to the Custodial Account.

More Definitions of Individual retirement account

Individual retirement account or “IRA” means any account or annuity described in Code section 4975(e)(1)(B) through (F), including, for example, an individual retirement account described in section 408(a) of the Code and a health savings account described in section 223(d) of the Code.

Individual retirement account or "IRA" means a Roth or traditional individual retirement account

Individual retirement account means a Roth IRA;

Individual retirement account or "XXX" means an account created by trust for the exclusive benefit of an individual or his or her beneficiaries in accordance with the provisions of Section 408 of the IRC.

Individual retirement account. ’ or ‘‘IRA’’ means—

Individual retirement account or “IRA” means the individual retirement account established by or for a Participating Employee under the Program.

Individual retirement account means an account that satisfies the requirements of section 408(a) of the Internal Revenue Code which is established by an officer of the relief association in the name of the member or other benefit recipient at a federally insured financial institution.