Beneficiary Rights. If the Xxxx XXX Owner dies before his or her entire interest is distributed to him or her, the entire remaining A Xxxx XXX Owner’s modified adjusted gross income (MAGI) for a taxable year is defined in Code Section 408A(c)(3) and does not include any amount included in adjusted gross income as a result of a qualified rollover contribution. If the Xxxx XXX Owner’s MAGI for a taxable year is in the phase-out range, the maximum regular contribution determined under this table for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200. After 2006, the MAGI limits above will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 408A(c)(3). Such adjustments will be in multiples of $1,000.
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Samples: secure.alpsinc.com, Ira Prototype Plan Agreement, Ira Prototype Plan Agreement
