Traditional IRA definition

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

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

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

• If you convert to a Roth IRA, the amount of the conversion from your Traditional IRA to your Roth IRA will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions).

• Assets distributed from your SIMPLE IRA may be rolled over to your Traditional IRA without IRS penalty tax provided two years have passed since you first participated in a SIMPLE IRA plan sponsored by your employer.

• Assets distributed from your Traditional IRA may be rolled over to the same Traditional IRA or another Traditional IRA of yours if the requirements of IRC Sec.

• If you are required to take a required minimum distribution for the year, you must remove your required minimum distribution before converting your Traditional IRA.

More Definitions of Traditional IRA

Traditional IRA means an individual retirement account or annuity described in Section 408(a), 408(b), 408(k), or 408(p) of the Code.

Traditional IRA. Means an individual retirement account as defined in Code section 408(a).ARTICLE III. PROVISIONS GOVERNING ROTH IRAsThis Article III shall only apply if this IRA has been designated by the IRA Holder on the Adoption Agreement as a Roth IRA.

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

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

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 as defined in Code Section 408(a).ARTICLE III – PROVISIONS GOVERNING TRADITIONAL IRASThis Article III shall only apply if this IRA has been designated by the IRA Owner on the Adoption Agreement as a Traditional IRA.