Traditional Individual Retirement Account definition

Traditional Individual Retirement Account or “Traditional IRA” means an individual retirement account described in Section 408(a) of the Code, which is not a Roth Individual Retirement Account. At T. Rowe Price, a Traditional Individual Retirement Account may consist of several types, including a Rollover IRA, a SEP-IRA (including a SARSEP IRA), and a SIMPLE IRA, although SIMPLE IRAs are established under a separate T. Rowe Price custodial agreement.
Sample 1Sample 2Sample 3
Traditional Individual Retirement Account or “Traditional IRA” means an individual retirement account described in Section 408(a) of the Code, which is not a Xxxx Individual Retirement Account. At X. Xxxx Price, a Traditional Individual Retirement Account may consist of several types, including a Rollover IRA, a SEP-IRA (including a SARSEP IRA), and a SIMPLE IRA, although SIMPLE IRAs are established under a separate X. Xxxx Price custodial agreement.
Sample 1Sample 2
Traditional Individual Retirement Account or “Traditional IRA” means an individual retirement account described in section 408(a) of the Code, which is not a Roth Individual Retirement Account.
Sample 1

Examples of Traditional Individual Retirement Account in a sentence

  • State Farm Mutual Funds® Traditional Individual Retirement Account Disclosure Statement Amendment Effective January 1, 2015 In 2014, a U.S. Tax Court decision and subsequent IRS guidance changed the rules regarding tax-free rollovers between IRAs. Under the decision and IRS guidance, an individual may now make only one tax-free rollover between IRAs in a rolling twelve- month period, regardless of the number of IRAs owned by the individual.

  • Form 5305-A (Revised March 2002) under section 408(a) of the Internal Revenue Code (the “Code”) The Depositor whose name appears on the Adoption Agreement is establishing a Traditional Individual Retirement Account (IRA) under section 408(a) to provide for his or her retirement and for the support of his or her Beneficiaries after death.

  • The individual who completes the enclosed IRA Application and Agreement to Participate is establishing a Traditional Individual Retirement Account under section 408(a) of the Internal Revenue Code to provide for his of her retirement and for the support of his or her Beneficiaries upon death.

  • Traditional IRA Custodial Account Agreement Traditional Individual Retirement Custodial Account Form 5305-A (Revised March 2002) under section 408(a) of the Internal Revenue Code (the “Code”) The Depositor whose name appears on the Adoption Agreement is establishing a Traditional Individual Retirement Account (IRA) under section 408(a) to provide for his or her retirement and for the support of his or her Beneficiaries after death.

  • There is no limitation on the number of XXX to XXX transfers that you can make; the limitations apply only to rollovers.” State Farm Mutual Funds® Traditional Individual Retirement Account Disclosure Statement Amendment Effective January 1, 2015 In 2015, the Consolidated Appropriations Act of 2016 (H.R. 2029) was signed into law.

  • You may revoke your Traditional Individual Retirement Account (“XXX”) by mailing or delivering a written notice of revocation to the Custodian within seven days after the establishment of your XXX.

  • Traditional Individual Retirement Account (XXX) Adoption Agreement and Plan Document Traditional Individual Retirement Custodial Account Form 5305-A (Revised March 2002) under Section 408(a) of the Internal Revenue Code (the “Code”) The Depositor whose name appears on the Adoption Agreement is establishing a Traditional Individual Retirement Account (XXX) under Section 408(a) to provide for his or her retirement and for the support of his or her Beneficiaries after death.

  • As stated in Articles IX and X of the Constellation Trust Company Traditional Individual Retirement Account Custodial Agreement, the assets of the XXX will be invested only in accordance with directions received from you or your Representative.

  • You may revoke your Traditional Individual Retirement Account (“IRA”) by mailing or delivering a written notice of revocation to the Custodian within seven days after the establishment of your IRA.

  • This model custodial account may be used by an eligible Depositor who wishes to adopt a Traditional Individual Retirement Account under Code section 408(a).

Related to Traditional Individual Retirement Account

  • 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)).

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Public employees retirement system means the retirement plan and program

  • Retirement fund means the "Washington law enforcement

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Eligible Retirement Plan 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, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Continuing care retirement community means a residential

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.