Common use of Required Minimum Distributions Clause in Contracts

Required Minimum Distributions. You are not required to take distributions from your ▇▇▇▇ ▇▇▇ at age 70½ (as required for Traditional and SIMPLE IRAs). However, your beneficiary(ies) is generally required to take distributions from your ▇▇▇▇ ▇▇▇ after your death. See the section titled Beneficiary Payouts in this Disclosure Statement regarding beneficiary’s(ies’) required minimum distributions.

Appears in 5 contracts

Sources: Roth Ira Account Agreement, Roth Ira Plan Agreement, Roth Ira Plan Agreement

Required Minimum Distributions. You are not required to take distributions from your ▇▇▇▇ ▇▇▇ at age 70½ 701⁄2 (as required for Traditional and SIMPLE IRAs). However, your beneficiary(ies) is generally required to take distributions from your ▇▇▇▇ ▇▇▇ after your death. See the section titled Beneficiary Payouts in this Disclosure Statement regarding beneficiary’s(ies’) required minimum distributions.

Appears in 2 contracts

Sources: Custodial Agreement, Roth Individual Retirement Custodial Account Agreement

Required Minimum Distributions. You are not required to take distributions from your ▇▇▇▇ ▇▇▇ at age 70½ 72 (age 70 1⁄2, if you would have reached age 70 ½ before 2020), as required for Traditional and SIMPLE IRAs). However, your beneficiary(ies) beneficiary is generally required to take distributions from your ▇▇▇▇ ▇▇▇ after your death. See the section titled Beneficiary Payouts in this Disclosure Statement regarding beneficiary’s(ies’) beneficiary’s required minimum distributions.

Appears in 1 contract

Sources: Traditional Individual Retirement Custodial Account Agreement

Required Minimum Distributions. You are not required to take distributions from your ▇▇▇▇ ▇▇▇ at age 70½ (as required for Traditional and SIMPLE IRAs). However, your beneficiary(iesbeneficiary (ies) is generally required to take distributions from your ▇▇▇▇ ▇▇▇ after your death. See the section titled Beneficiary Payouts in this Disclosure Statement regarding beneficiary’s(iesbeneficiary’s (ies’) required minimum distributions.

Appears in 1 contract

Sources: Wealthfront Roth Ira Agreement

Required Minimum Distributions. You are not required to take distributions from your ▇▇▇▇ ▇▇▇ at age 70½ 701/2 (as required for Traditional and SIMPLE IRAs). However, your beneficiary(ies) is generally required to take distributions from your ▇▇▇▇ ▇▇▇ after your death. See the section titled Beneficiary Payouts in this Disclosure Statement regarding beneficiary’s(ies’) required minimum distributions.

Appears in 1 contract

Sources: Adoption Agreement Roth Ira

Required Minimum Distributions. You are not required to take distributions from your ▇▇▇▇ ▇▇▇ at age 70½ 72 (as required for Traditional and SIMPLE savings incentive match plan for employees of small employers (SIMPLE) IRAs). However, your beneficiary(ies) is beneficiaries generally are required to take distributions from your ▇▇▇▇ ▇▇▇ after your death. See the section titled Beneficiary Payouts in this Disclosure Statement disclosure statement regarding beneficiary’s(ies’) beneficiaries’ required minimum distributions.

Appears in 1 contract

Sources: Roth Individual Retirement Account Custodial Agreement

Required Minimum Distributions. You are not required to take distributions from your a ▇▇▇▇ ▇▇▇ at age 70½ (as required for Traditional and SIMPLE IRAs). However, your beneficiary(ies) is generally required to take distributions from your ▇▇▇▇ ▇▇▇ after your death. See the section titled Beneficiary Payouts in this Disclosure Statement regarding beneficiary’s(ies’) required minimum distributions.

Appears in 1 contract

Sources: Roth Ira Custodial Account Agreement