Examples of Inherited IRA in a sentence
Qualified Contract under Code Section 408(a), 408(k), 408A, 408(p) or 403(b), except for an Inherited IRA, Inherited Roth IRA, Inherited TSA, 401(a), 401(k), Individual(k), Keogh, or 457 plan.
Refer to disclosure statement for eligibility requirements and contribution limits.Choose ONE of the following account types:❑ Traditional IRA Account❑ For tax year ❑ IRA to IRA Transfer (please complete IRA Transfer Form)❑ Rollover (shareholder had receipt of funds)❑ Inherited IRA - Name of Decedent Date of Death Date of Birth ❑ IRA Rollover Account❑ Rollover IRA to Rollover IRA❑ Direct Rollover from qualified plan – complete any additional form(s) required by your Plan Administrator.
Rollovers to an Inherited IRA must be sent directly from the plan administrator to the Inherited IRA Custodian.
MoFEP stresses the need for a new PFM law that would provide the legal basis for many PFM strengthening measures that it would like to implement: for example, obtaining access to spending agency bank accounts and obtaining accountabilities from all ministries and local governments (counties) before release of subsequent tranches of conditional grants.
If this is an Inherited IRA, seek competent legal/tax advice to see if spousal consent is required.
In the case of an Inherited IRA, the Depositor is the original owner of the inherited assets.
Refer to disclosure statement for eligibility requirements and contribution limits.Choose ONE of the following account types:❑ Traditional IRA❑ For tax year ❑ IRA to IRA Transfer - please complete an IRA Transfer Form.❑ Rollover - you have receipt of your funds.❑ Inherited IRA *- Name of Decedent Date of Death Date of Birth ❑ IRA Rollover❑ Rollover IRA to Rollover IRA❑ Direct Rollover from qualified plan – complete any additional form(s) required by your Plan Administrator.
However, if the Covered Spouse continues the contract as an Inherited IRA or as a beneficiary of a participant in an employer sponsored retirement plan under the Code, the rider will terminate.
Inherited IRA Owner means the individual for whose benefit the account is maintained as a result of acquiring such assets by reason of the death of another individual (other than a spouse).
To determine the minimum required distribution amount for a given year, the IRA balance (i.e., generally the fair market value of the Inherited IRA on December 31 of the preceding year) is divided by the applicable denominator.