Traditional Individual Retirement Account definition

Traditional Individual Retirement Account or “Traditional IRA” means an individual retirement account described in Section 408(a) of the Code, which is not a Roth Individual Retirement Account. At T. Rowe Price, a Traditional Individual Retirement Account may consist of several types, including a Rollover IRA, a SEP-IRA (including a SARSEP IRA), and a SIMPLE IRA, although SIMPLE IRAs are established under a separate T. Rowe Price custodial agreement.
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Traditional Individual Retirement Account or “Traditional IRA” means an individual retirement account described in Section 408(a) of the Code, which is not a Xxxx Individual Retirement Account. At X. Xxxx Price, a Traditional Individual Retirement Account may consist of several types, including a Rollover IRA, a SEP-IRA (including a SARSEP IRA), and a SIMPLE IRA, although SIMPLE IRAs are established under a separate X. Xxxx Price custodial agreement.
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Traditional Individual Retirement Account or “Traditional IRA” means an individual retirement account described in section 408(a) of the Code, which is not a Roth Individual Retirement Account.
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Examples of Traditional Individual Retirement Account in a sentence

  • SECTION 8 | If you’re requesting a Required Minimum Distribution (RMD), complete this Section.Note that to have Reliance Standard calculate and withdraw your RMD from a Traditional Individual Retirement Account (IRA), you need to complete this section.

  • The Account may be a Traditional Individual Retirement Account or a Roth Individual Retirement Account, as specified by the Depositor.

  • This Disclosure Statement explains what you should know about your Traditional Individual Retirement Account (“Traditional IRA”) and is a general review of the federal income tax law applicable to it.

  • A “direct transfer” contribution is the transfer of amounts to this Contract directly from a Traditional Individual Retirement Account or another Traditional Individual Retirement Annuity Contract which meets the requirements of Section 408 of the Code.

  • The individual whose name appears on the accompanying IRA Account Application (hereinafter called "Depositor") is establishing a Traditional Individual Retirement Account (a “Custodial Account”) with IRAR Trust Company, (the custodian listed in Section 8 of the IRA Account Application) or its successor (herein referenced to as “Custodian”).

  • A “direct transfer” contribution is the transfer of amounts to this Contract directly from a Traditional Individual Retirement Account or another Traditional Individual Retirement Annuity contract which meets the requirements of Section 408 of the Code.

  • I, the undersigned Participant (Account Owner), hereby establishes a Backdoor Roth IRA, which consists of a Traditional Individual Retirement Account (IRA) and Roth Individual Retirement Account (IRA) under the IRA Custodial Account Agreement, which is incorporated within this application by this reference.

  • In multiple type bids, selection of material types will be at the opinion of Owner.

  • Note that to have Reliance Standard calculate and withdraw your RMD from a Traditional Individual Retirement Account (IRA), you need to complete this section.

  • I elect a cash payment of $ or % of my Eligible Rollover Distribution to me and a rollover of the remaining balance to: a Traditional Individual Retirement Account (IRA) or an Employer’s Qualified Retirement Plan.

Related to Traditional Individual Retirement Account

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Public employees retirement system means the retirement plan and program

  • Retirement fund means the "Washington law enforcement

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Continuing care retirement community means a residential

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.