Common use of Catch-Up Contributions Clause in Contracts

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution is $1,000 per year.

Appears in 27 contracts

Sources: Customer Account Agreement, Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution is $1,000 per year. This amount is subject to possible cost-of-living adjustments each year beginning in tax year 2024.

Appears in 8 contracts

Sources: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Trust Account Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution is $500 for years 2002-2005 and $1,000 per yearfor years 2006 and beyond.

Appears in 6 contracts

Sources: Ira Prototype Agreement and Disclosure Statement, Custodial Agreement, Adoption Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution contribu- tion to your IRA. The maximum additional contribution is $1,000 per year.

Appears in 5 contracts

Sources: Wealth Management Agreement, Account Agreement, Account Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution is $1,000 per year. This amount is subject to possible cost-of-living adjustments each year beginning in tax year 2025.

Appears in 3 contracts

Sources: Traditional Individual Retirement Custodial Account Agreement, Traditional Individual Retirement Custodial Account Agreement, Individual Retirement Trust Account Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your SIMPLE IRA. The maximum additional contribution is $1,000 per year3,500 for 2023, with possible cost-of-living adjustments each year thereafter.

Appears in 2 contracts

Sources: Simple Ira Custodial Account Agreement, Simple Ira Custodial Account Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your SIMPLE IRA. The maximum additional contribution is $1,000 per year3,500 for 2024, with possible cost-of-living adjustments each year thereafter.

Appears in 1 contract

Sources: Simple Ira Custodial Account Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution con- tribution is $1,000 per year.

Appears in 1 contract

Sources: Traditional Ira Plan Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution is $500 for tax years 2002-2005 and $1,000 per yearfor tax years 2006 and beyond.

Appears in 1 contract

Sources: Traditional Individual Retirement Custodial Account Agreement

Catch-Up Contributions. If you are age 50 or older by the close of the taxable year, you may make an additional contribution to your IRA. The maximum additional contribution to your IRA is $1,000 per year.

Appears in 1 contract

Sources: Traditional Individual Retirement Custodial Account Agreement