Common use of Qualifying Longevity Annuity Contracts and RMDs Clause in Contracts

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living cost‐of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-cost- of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-cost- of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your SIMPLE XXX holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-of- living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living cost‐ of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living cost‐of‐living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your Traditional and SIMPLE IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your Traditional XXX holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Qualifying Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums paid to QLACs in your IRAs must not exceed 25 percent (up to $125,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 limit is subject to cost-of-of- living adjustments each year. When calculating your RMD, you may reduce the prior year end account value by the value of QLACs that your XXX IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.