Inherited IRA definition

Inherited IRA means an individual retirement account described in Section 408(a) of the Code inherited by a beneficiary.
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Inherited IRA means an IRA maintained for an Investor's beneficiary other than the Investor's surviving spouse.
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Inherited IRA means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code (other than an endowment contract) or, for Plan Years beginning in or after 2010, an individual retirement plan described in section 408A of the Code (sometimes referred to as a Xxxx XXX) established for the purpose of receiving the distribution where the individual retirement account or annuity or Xxxx XXX is treated as an inherited individual retirement account or annuity within the meaning of Section 408(d)(3)(C) or, as applicable, Section 409A(d)(3)(B) of the Code.
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Examples of Inherited IRA in a sentence

  • Refer to disclosure statement for eligibility requirements and contribution limits.Choose ONE of the following account types:❑ Traditional IRA Account❑ For tax year ❑ IRA to IRA Transfer (please complete IRA Transfer Form)❑ Rollover (shareholder had receipt of funds)❑ Inherited IRA - Name of Decedent Date of Death Date of Birth ❑ IRA Rollover Account❑ Rollover IRA to Rollover IRA❑ Direct Rollover from qualified plan – complete any additional form(s) required by your Plan Administrator.

  • To determine the minimum required distribution amount for a given year, the IRA balance (i.e., generally the fair market value of the Inherited IRA on December 31 of the preceding year) is divided by the applicable denominator.

  • Rollovers to an Inherited IRA must be sent directly from the plan administrator to the Inherited IRA Custodian.

  • In the case of an Inherited IRA, the Depositor is the original owner of the inherited assets.

  • Refer to disclosure statement for eligibility requirements and contribution limits.Choose ONE of the following account types:❑ Traditional IRA❑ For tax year ❑ IRA to IRA Transfer - please complete an IRA Transfer Form.❑ Rollover - you have receipt of your funds.❑ Inherited IRA *- Name of Decedent Date of Death Date of Birth ❑ IRA Rollover❑ Rollover IRA to Rollover IRA❑ Direct Rollover from qualified plan – complete any additional form(s) required by your Plan Administrator.

  • Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner).

  • Inherited IRA Owner means the individual for whose benefit the account is maintained as a result of acquiring such assets by reason of the death of another individual (other than a spouse).

  • If this is an Inherited IRA, seek competent legal/tax advice to see if spousal consent is required.

  • If I am an Inherited IRA Owner, I understand the distribution requirements and the contribution limitations applicable to Inherited IRA Owners.

  • A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned.

Related to Inherited IRA

  • Code means the Internal Revenue Code of 1986, as amended.

  • Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.

  • Qualified Domestic Relations Order means any judgment, decree, or order, including approval of a property settlement agreement, that:

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Plan approved domestic relations order means a judgment, decree, or order (including the approval of a settlement agreement) which is:

  • Qualified employer means the federal government.

  • IRC means the Internal Revenue Code of 1986, as amended, and the regulations thereunder.

  • Registered domestic partner means an individual joined in a domestic partnership that is registered by a county clerk in accordance with ORS 106.300 to 106.340.

  • Domestic Relations Order means a domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act, or the rules thereunder.

  • Prohibited Transferee means any of the Persons listed on Schedule I attached to this Agreement.

  • Enrolled Nurse means a person registered by the Board as an enrolled nurse.

  • United States Person means, unless otherwise specified with respect to any Securities pursuant to Section 301, an individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States or an estate or trust the income of which is subject to United States federal income taxation regardless of its source.

  • Qualified employee means an individual who:

  • Qualified disabled veteran means a business entity that is 51% or more owned by one or more veterans with a service- connected disability.

  • Historically Disadvantaged Individual (HDI) means a South African citizen -

  • Investor Money Regulations means the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) Investor Money Regulations 2015 for Fund Service Providers;

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • Qualified Nonelective Contributions means contributions other than Matching Contributions or Qualified Matching Contributions) made by the Employer and allocated to participants’ accounts that the participants may not elect to receive in cash until distributed from the Plan; that are nonforfeitable when made to the Plan; and that are distributable only in accordance with the distribution provisions (other than for hardships) applicable to Pre-Tax Contributions.

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Cooperative Stock With respect to a Cooperative Loan, the single outstanding class of stock, partnership interest or other ownership instrument in the related Cooperative.

  • 409A Award means an Award that constitutes a “deferral of compensation” within the meaning of the 409A Regulations, whether by design, due to a subsequent modification in the terms and conditions of such Award or as a result of a change in applicable law following the date of grant of such Award, and that is not exempt from Section 409A of the Code pursuant to an applicable exemption.

  • Qualified veteran means a person who meets the following requirements:

  • Limited Tenders means tenders invited from all or some Contractors on the approved or select list of Contractors with the Railway.

  • Treasury Regulations means the regulations promulgated under the Code.