Common use of Total Distribution Clause in Contracts

Total Distribution. Any beneficiary may elect to receive a total distribution of the IRA balance. Transfer to an Inherited IRA. Any beneficiary may transfer the assets directly into an inherited IRA with another IRA trustee or cus- todian. You may be required to establish an inherited IRA to accept the assets. You are responsible for making a required election for the inherited IRA assets and for receiving the applicable distribution by the deadline. Life Expectancy Payments. Distributions generally are taken over the longer of the beneficiary’s or the original IRA owner’s life expec- tancy. All beneficiaries must begin distributions by December 31 of the year following the year of the original IRA owner’s death. IRA FINANCIAL DISCLOSURE INVESTMENT RESPONSIBILITIES

Total Distribution. Any beneficiary may elect to receive a total distribution of the IRA balance. Transfer to an Inherited IRA. Any beneficiary may transfer the assets directly into an inherited IRA with another IRA trustee or cus- todian. You may be required to establish an inherited IRA to accept the assets. You are responsible for making a required election for the inherited IRA assets and for receiving the applicable distribution by the deadline. Life Expectancy Payments. Distributions generally are taken over the longer of the beneficiary’s or the original IRA owner’s life expec- tancy. All beneficiaries must begin distributions by December 31 of the year following the year of the original IRA owner’s death. INHERITED IRA FINANCIAL DISCLOSURE INVESTMENT RESPONSIBILITIES