Sentences with phrase «subject to the life expectancy»

A beneficiary who is subject to the life expectancy option but failed to withdraw RMD amounts by the applicable deadline may receive an automatic waiver of the penalty by withdrawing the total balance of the inherited account by Dec. 31 of the fifth year that follows the year the retirement account owner died (the five - year rule).

This usually applies if you are subject to the life expectancy option.

Not exact matches

A product certified with a body such as Australian Certified Organic (ACO) is subject to a stringent auditing process and is guaranteed to be grown and processed free from GMOs, toxic herbicides and pesticides, synthetic hormones, antibiotics, artificial colours, flavours and preservatives — all of which may compromise pet health and life expectancy.

Certain superannuation income streams that are subject to modifications, including lifetime pensions, lifetime annuities, life expectancy pensions, life expectancy annuities, market linked pensions, market linked annuities and retirement savings accounts (RSA).

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

The primary disadvantage of naming a trust as beneficiary is that the retirement plan assets will be subjected to required minimum distribution (RMD) payouts, which are calculated based on the life expectancy of the oldest beneficiary.

If you receive a TSP annuity, or monthly payments computed by your life expectancy, the payments are not subject to the early withdrawal penalty.

Substantially equal payments: If your IRA distribution is part of a series of substantially equal periodic (not less frequently than annually) payments made for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary, the withdrawal is generally not subject to the 10 % tax penalty.

If the Life Insured is diagnosed of a terminal illness with a life expectancy of six months or less, he will get upto 50 % of Sum Assured (subject to a maximum of Rs. 5,00,000) and the remaining Sum Assured when he dLife Insured is diagnosed of a terminal illness with a life expectancy of six months or less, he will get upto 50 % of Sum Assured (subject to a maximum of Rs. 5,00,000) and the remaining Sum Assured when he dlife expectancy of six months or less, he will get upto 50 % of Sum Assured (subject to a maximum of Rs. 5,00,000) and the remaining Sum Assured when he dies.