Common use of Qualified Disaster Recovery Distribution Clause in Contracts

Qualified Disaster Recovery Distribution. If you are an affected IRA owner in a federally declared disaster area, you may take up to $22,000 per disaster from your IRA without incurring the 10 percent early distribution penalty tax. 13)

Appears in 4 contracts

Samples: www.transamerica.com, selectedfunds.com, rxprod.clipperfund.com

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Qualified Disaster Recovery Distribution. If you are an affected SIMPLE IRA owner in a federally declared disaster area, you may take up to $22,000 per disaster from your IRA without incurring the 10 percent early distribution penalty tax. 13)

Appears in 2 contracts

Samples: services.federatedhermes.com, selectedfunds.com

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