Traditional IRA definition

Traditional IRA. Means an individual retirement account as defined in Code Section 408(a).

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Traditional IRA means a traditional individual retirement account

Traditional IRA means an individual retirement account within the meaning of section 408 of the Code.

Examples of Traditional IRA in a sentence

• An individual who is partially or entirely ineligible to make contributions to a ▇▇▇▇ ▇▇▇ may transfer amounts of up to the yearly contribution limits to a non-deductible Traditional IRA (subject to reduction for amounts remaining in the ▇▇▇▇ ▇▇▇ plus other Traditional IRA contributions).

• The same methodology applies when recharacterizing a contribution from a ▇▇▇▇ ▇▇▇ to a Traditional IRA.

• You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.

• The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans.

• Amounts from a ▇▇▇▇ ▇▇▇ may not be rolled over into a Traditional IRA.

More Definitions of Traditional IRA

Traditional IRA means an IRA established under Internal Revenue Code Section 408.

Traditional IRA means an IRA described in §408(a) or (b) of the Internal Revenue Code.

Traditional IRA means an Individual Retirement Account established by or for an individual under the Program that is not designated as a Roth IRA.

Traditional IRA and "IRA" shall mean an Individual Retirement Account or Individual Retirement Annuity as described in section 408(a) or 408(b) of the Code respectively. This term shall be deemed to include in addition, an Individual Retirement Account established and maintained by an eligible employee pursuant to his or her participation in an employer’s Simplified Employee Pension Plan or "SEP plan."

Traditional IRA means an individual retirement account established under section 408 of

Traditional IRA means an individual retirement account or individual retirement annuity described in Internal Revenue Code Section 408(a) and 408(b), respectively.

Traditional IRA means an individual retirement account established under section 408 of the Internal Revenue Code to hold and invest pretax assets.