Common use of When Can I Make Contributions Clause in Contracts

When Can I Make Contributions. You may make regular contributions to your Traditional XXX any time up to and including the due date for filing your tax return for the year, not including extensions. Beginning in 2020, you may continue to make regular contributions to your Traditional XXX even after you attain RMD age, so long as you have sufficient compensation income. Employer contributions to a Simplified Employee Pension Plan or a SIMPLE Plan may be continued after you attain RMD age. Eligible rollover contributions and transfers may be made at any time, including after you reach RMD age.”

When Can I Make Contributions. You may make regular contributions to your Traditional XXX any time up to and including the due date for filing your tax return for the year, not including extensions. Beginning in 2020, you may continue to make regular contributions to your Traditional XXX even after you attain RMD age, so long as you have sufficient compensation income. Employer contributions to a Simplified Employee Pension Plan or a SIMPLE Plan may be continued after you attain RMD age. Eligible rollover contributions and transfers may be made at any time, including after you reach RMD age.”