Common use of Multiple IRAs Clause in Contracts

Multiple IRAs. If you have more than one traditional IRA or attained age, or your remaining single life expectancy determined SIMPLE IRA you must calculate a separate RMD for each one. You in your year of death and reduced by one each subsequent year. may, however, take the aggregate total of your RMDs from any one If your spouse beneficiary chooses the ten-year rule, he/she is or more of your personal traditional IRAs (including SEP IRAs) or required to remove all assets from the IRA by December 31 of SIMPLE IRAs. the tenth year following the year of your death.