Common use of Annual Contributions Clause in Contracts

Annual Contributions. You may make annual contributions to your IRA at any time up to and including the due date, excluding extensions, for filing your Federal income tax return for the year for which the contribution is made (generally, April 15). You may continue to make annual contributions to your IRA for each year up to (but not including) the calendar year in which you reach age 701/2. You may continue to make annual contributions to your spouse’s IRA for a given tax year up to (but not including) the calendar year in which your spouse reaches age 701/2. Contributions (other than rollover contributions described below) must be made in cash and not in-kind.

Appears in 3 contracts

Sources: Ira Custodial Agreement, Retirement Account Customer Agreement, Ira Custodial Agreement