Pledging. If you pledge any portion of your IRA as collateral for a loan, the amount so pledged will be treated as a distribu- tion and will be included in your gross income for that year.
Appears in 6 contracts
Sources: Wealth Management Agreement, Account Agreement, Account Agreement
Pledging. If you pledge any portion of your SIMPLE IRA as collateral collat- eral for a loan, the amount so pledged will be treated as a distribu- tion and will be included in your gross income for that year.
Appears in 1 contract
Sources: Simple Ira Account Application