SIMPLE IRA. Means the individual retirement account which satisfies the requirements of Code Sections 408(p) and 408(a).

SIMPLE IRA. Means an IRA which satisfies the requirements of Code sections 408(b) and 408(p).

SIMPLE IRA means a Traditional IRA to which an eligible employer may make contributions in accordance with the Simple Retirement Account provisions of Section 408(p) of the Code. A SIMPLE IRA is subject to additional restrictions on rollovers to other Traditional IRAs and conversions to Roth IRAs and may be subject to a higher penalty tax for premature distributions. SIMPLE IRAs are established under and governed by a separate T. Rowe Price IRA document.

Examples of SIMPLE IRA in a sentence

This table is indexed to your age attained during a SIMPLE IRA by December 31 of the tenth year following the year distribution year.
If you revoke your SIMPLE IRA, we will return your entire SIMPLE IRA contribution without any adjustment for items such as sales commissions, administrative expenses, or fluctuation in market value.
Your age on January 1 of this initial contribution year: The fees and penalties listed below may affect the projected value of your SIMPLE IRA.
A SIMPLE IRA custodian must be a bank, federally insured credit union, savings and loan association, trust company, or other entity, which is approved by the Secretary of the Treasury to act as a SIMPLE IRA custodian.
Your RMD will generally be calculated If your beneficiary is a designated beneficiary who is not an by dividing your previous year-end adjusted balance in your eligible designated beneficiary, such beneficiary will have to follow SIMPLE IRA by a divisor from the uniform lifetime table provided the ten-year rule and is required to remove all assets from the by the IRS.

More Definitions of SIMPLE IRA

SIMPLE IRA. Means the individual retirement account which satisfies the requirements of Code sections 408(p) and 408(a).

SIMPLE IRA means a Savings Incentive Match Plan for Employees IRA.

SIMPLE IRA means a Traditional IRA to which an eligible employer may make contributions in accordance with the Simple Retirement Account provisions of Section 408(p) of the Code. A SIMPLE IRA is subject to additional restrictions on rollovers to other Traditional IRAs and conversions to Xxxx IRAs and may be subject to a higher penalty tax for premature distributions. SIMPLE IRAs are established under and governed by a separate X. Xxxx Xxxxx XXX document.

SIMPLE IRA means an individual retirement plan (as defned in Code section 7701(a)(37)), that is used in conjunction with a SIMPLE IRA plan established by an employer pursuant to Code section 408(p).

SIMPLE IRA. Means an IRA which satisfies the requirements of Code sections 408(b) and 408(p). ARTICLE III- PREMIUM PAYMENTS

SIMPLE IRA means an individual retirement plan (as defined in Code sec- tion 7701(a)(37)), that is used in conjunction with a SIMPLE IRA plan established by an employer pursuant to Code section 408(p).

SIMPLE IRA means an IRA to which an eligible employer may make contributions in accordance with the SIMPLE Retirement Account provisions of section 408(p) of the Code as provided herein.