Common use of Qualified Distributions Clause in Contracts

Qualified Distributions. Qualified distributions from your ▇▇▇▇ ▇▇▇ (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution that is made after the expiration of the five- year period beginning January 1 of the first year for which you made a contribution to any ▇▇▇▇ ▇▇▇ (including a conversion from a Traditional IRA), and is made on account of one of the following events.

Appears in 2 contracts

Sources: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

Qualified Distributions. Qualified distributions from your ▇▇▇▇ ▇▇▇ (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution that is made after the expiration of the five- five-year period beginning January 1 of the first year for which you made a contribution to any ▇▇▇▇ ▇▇▇ (including a conversion from a Traditional IRA), and is made on account of one of the following events.

Appears in 1 contract

Sources: Roth Individual Retirement Custodial Account Agreement

Qualified Distributions. Qualified distributions from your ▇▇▇▇ ▇▇▇ (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution that is made after the expiration of the five- year period beginning January 1 of the first year for which you made a contribution to any ▇▇▇▇ ▇▇▇ (including a conversion from a Traditional IRA▇▇▇), and is made on account of one of the following events.

Appears in 1 contract

Sources: Individual Retirement Custodial Account Agreement