Pledging XXX. If you pledge any portion of your XXX as collateral for a personal loan, the amount so pledged will be treated as a distribution. If you are under age 59½, the amount pledged may also be subject to the 10% early distribution penalty tax.
Appears in 4 contracts
Samples: syndicatedcapital.com, Inherited Ira Agreement, professionals.voya.com
Pledging XXX. If you pledge any portion of your Xxxx XXX as collateral for a personal loan, the amount so pledged will be treated as a distribution. If you are under age 59½, the amount pledged may also be subject to the 10% early distribution penalty tax.
Appears in 3 contracts
Samples: d1xhgr640tdb4k.cloudfront.net, Inherited Ira Adoption Agreement, uploads-ssl.webflow.com
Pledging XXX. If you pledge any portion of your SIMPLE XXX as collateral for a personal loan, the amount so pledged will be treated as a distribution. If you are under age 59½, the amount pledged may also be subject to the 10% early distribution penalty tax.
Appears in 2 contracts
Samples: Simple Ira Custodial Account Agreement, Custodial Account Agreement
