Qualified Charitable Distributions. If you have attained age 70 1/2, you may be able to make tax-free distributions directly from your XXX to a qualified charitable organization. Tax-free distributions are limited to $100,000. Qualified charitable distributions are not permitted from an on-going SEP or SIMPLE XXX. Consult with your tax or legal professional regarding tax-free charitable distributions.
Appears in 2 contracts
Samples: Customer Agreement, Customer Agreement
Qualified Charitable Distributions. If you have attained age 70 1/2, you may be able to make tax-free distributions directly from your Xxxx XXX to a qualified charitable organization. Tax-free distributions are limited to $100,000. Qualified charitable distributions are not permitted from an on-going SEP or SIMPLE XXX. Consult with your tax or legal professional regarding tax-free charitable distributions. RMDs.
Appears in 2 contracts
Samples: Customer Agreement, Customer Agreement