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

Xxxxxxxxxx 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 IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 45 contracts

Samples: Ira Prototype Plan Agreement, Ira Prototype Plan Agreement, Ira Prototype Plan Agreement

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Xxxxxxxxxx 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 IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 17 contracts

Samples: Ach Agreement, Client Agreement, Combined Individual And

Xxxxxxxxxx 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-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 IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 9 contracts

Samples: www.mktgwebdev.com, www.mktgwebdev.com, www.mktgwebdev.com

Xxxxxxxxxx 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 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 SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 8 contracts

Samples: Simple Individual Retirement Custodial Account Agreement, Custodial Account Adoption Agreement, Simple Individual Retirement Custodial Account Agreement

Xxxxxxxxxx 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 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 IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 4 contracts

Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

Xxxxxxxxxx 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 SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 3 contracts

Samples: Simple Individual Retirement Custodial Account Agreement, www.yorktrade.com, jhdarbie.com

Xxxxxxxxxx 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-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 IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 3 contracts

Samples: Individual   Retirement   Custodial   Account   Agreement, www.bankofthewest.com, southeastinvestmentsnc.com

Xxxxxxxxxx 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-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 SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Agreement, Simple Individual Retirement Custodial Account Agreement

Xxxxxxxxxx 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 year-end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Stifel Account, Stifel Account

Xxxxxxxxxx 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 year-end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: Stifel Account, Stifel Account

Xxxxxxxxxx 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 $125,000135,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 135,000 limit is subject to cost-of-living 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 IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 2 contracts

Samples: www.navyfederal.org, www.navyfederal.org

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity an- nuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums premi- ums 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 exclud- ing 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 year-end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Stifel Account

Xxxxxxxxxx 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 SEP IRAs must not exceed 25 percent (up to $125,000135,000) of the combined value of your SEP IRAs (excluding Xxxx IRAs). The $125,000 135,000 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 Traditional SEP IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: www.horizontrust.com

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Xxxxxxxxxx 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 SIMPLE IRA holds as investments. investments For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Simple Individual Retirement Custodial Account Agreement

Xxxxxxxxxx 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 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 SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: cdn-get.whotrades.com

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity an- nuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums premi- ums 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 exclud- ing 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 year-end account value by the value of QLACs that your Traditional SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website web site at xxx.xxx.xxx.

Appears in 1 contract

Samples: www.stifel.com

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity contract (QLAC) is a deferred annuity an- nuity contract that, among other requirements, must guarantee lifetime income starting no later than age 85. The total premiums premi- ums 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 exclud- ing 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 year-end account value by the value of QLACs that your Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website web site at xxx.xxx.xxx.

Appears in 1 contract

Samples: www.stifel.com

Xxxxxxxxxx Longevity Annuity Contracts and RMDs. A qualifying longevity annuity annu- ity 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 com- bined 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 Traditional IRA holds as investmentsinvestements. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxxwww.irs. gov.

Appears in 1 contract

Samples: Plan Agreement

Xxxxxxxxxx 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 $125,000135,000) of the combined value of your IRAs (excluding Xxxx IRAs). The $125,000 135,000 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 Traditional IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: www.horizontrust.com

Xxxxxxxxxx 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-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 SIMPLE IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Simple Individual Retirement Custodial Account Agreement

Xxxxxxxxxx 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-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 IRA holds as investments. For more information on QLACs, you may wish to refer to the IRS website at xxx.xxx.xxx.

Appears in 1 contract

Samples: Individual Retirement Custodial Account Agreement

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