Common use of Death On or After Your RBD With No Designated Beneficiary Clause in Contracts

Death On or After Your RBD With No Designated Beneficiary. If you die on or after your RBD and your SIMPLE IRA is treated as having no designated beneficiary, RMDs will continue to your named beneficiaries over your remaining single expectancy as determined in your death year. Once determined, this life expectancy factor will be reduced by one for each subsequent year of the distribution period.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs

Death On or After Your RBD With No Designated Beneficiary. If you die on or after your RBD and your SIMPLE IRA XXX is treated as having no designated beneficiary, RMDs will continue to your named beneficiaries over your remaining single expectancy as determined in your death year. Once determined, this life expectancy factor will be reduced by one for each subsequent year of the distribution period.

Appears in 3 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

Death On or After Your RBD With No Designated Beneficiary. If you die on or after your RBD and your SIMPLE IRA XXX is treated as having no designated beneficiary, RMDs will continue to your named beneficiaries over your remaining single expectancy as determined in your death year. Once determined, this life expectancy factor divisor will be reduced by one for each subsequent year of the distribution period.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

Death On or After Your RBD With No Designated Beneficiary. If you die on or after your RBD and your SIMPLE IRA is treated as having no designated beneficiary, RMDs will continue to your named beneficiaries over your remaining single expectancy as determined in your death year. Once determined, this life expectancy factor will be reduced by one for each subsequent year of the distribution period.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

AutoNDA by SimpleDocs

Death On or After Your RBD With No Designated Beneficiary. If you die on or after your RBD and your SIMPLE IRA is treated as having no designated beneficiary, RMDs will continue to your named beneficiaries over your remaining single expectancy as determined in your death year. Once determined, this life expectancy factor divisor will be reduced by one for each subsequent year of the distribution period.

Appears in 2 contracts

Samples: Customer Agreement, Customer Agreement

Death On or After Your RBD With No Designated Beneficiary. If you die on or after your RBD and your SIMPLE IRA is treated as having no designated beneficiary, RMDs will continue to your named beneficiaries over your remaining single expectancy as determined in your death year. Once determined, this life expectancy factor divisor will be reduced by one for each subsequent year of the distribution period.

Appears in 1 contract

Samples: Customer Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.