Five-Year Rule

Five-Year Rule

An option for the heir of an IRA account holder who dies before the required beginning date. Under the five-year rule, the appropriate heir must receive all assets from the IRA by December 31 of the fifth year following the account holder's death. The heir may opt out of the five-year rule and receive the assets over his/her life expectancy, effectively treating the heir as if he/she were the account holder. It is important to note that the five-year rule only applies to account holders who die before the required beginning date.
References in periodicals archive ?
A five-year rule allows the beneficiary to withdraw portions or all of the annuity values over a maximum of five years.
Musa Qala and neighbouring Nawzad, which recently fell to the Taliban, saw some of the most lethal battles between Taliban insurgents and British and US forces following toppling of the hardline Islamists' five-year rule in 2001.
The predominantly ethnic Pashtun Taliban persecuted the Hazara minority during their five-year rule that imposed a radical interpretation of Islamic law.
A pope can bypass the five-year rule, as Francis's predecessor Benedict did for John Paul II, who had in turn started the process of sanctifying Mother Teresa of Calcutta within five years after her death in 1997.
People are witness to their past five-year rule in the KPK during which they did nothing but loot and plunder.
To complicate matters even further, in the Ergenekon case the final court's reasoning is still being drafted, thus the five-year rule may soon be used by many more individuals as an excuse to walk free.
We pinned hopes with the government but in the five-year rule nothing could be done for punishing the real culprits," said Asif Chachar, a 30-year supporter of Pakistan People's Party (PPP), who had arrived to pay tribute to the slain leader.
Corruption knew few bounds during Zardari's lacklustre five-year rule.
Peace talks have not yet begun and the Taliban earlier this month closed their political office in Qatar, at least temporarily, after a dispute broke out over their use of the name and flag they had during their five-year rule.
The office was opened less than a month ago to facilitate peace talks, and has also come under pressure for using the same white flag flown during the Taliban's five-year rule of Afghanistan that ended with the U.
But the American effort to cut a deal with the Pashtun-based, Pakistan-backed Taliban is stirring deep unease among the non-Pashtun groups, which suffered greatly under the Taliban and its five-year rule.
From what one has gathered from several interactions recently, including party sources and independent analysts, it isn't that the PPP leadership is unaware of the general discontent with its just ended five-year rule, it's the pitfalls of what awaits the next government that has forced it to resign itself to a stint in the opposition.