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.
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References in periodicals archive ?
The Taliban's five-year rule over at least three quarters of Afghanistan came to an end following the US invasion of the country in 2001.
The female MNAs led by Alia Hamza were of the view that PPP leadership has no right to criticise PTI as their five-year rule in center 2008-2013 and their years of rule in Sindh speaks of their 'incompetence' and 'corruption'.
class="font-size--16 MsoNormalMr Vaz's five-year rule as President ends on Sunday.
The female MNAs led by Alia Hamza were of the view that PPP leadership has no right to criticise PTI as their five-year rule in center (2008-2013) and their years of rule in Sindh speaks of their 'incompetence' and 'corruption'.
He also criticised the five-year rule of BJP and said, "Last five years were disastrous.
The election is seen as a referendum on Modi's five-year rule. He has adopted a nationalist pitch in trying to win votes from the country's Hindu majority by projecting a tough stance against Pakistan, India's Muslim-majority neighbor and archrival.
Barrister Tramboo revealed that during the five-year rule of BJP from New Delhi, the human rights situation in IOK has fallen below the basic humanity norms.
Barrister Tramboo revealed that during the five-year rule of BJP in New Delhi, the human rights situation in occupied Kashmir has fallen below the basic humanity norms.
Sharma also asked Modi to give an account of his five-year rule to the people of the country.
He recalled that in the five-year rule of the PPP 'I took everyone along and compromised whether it was PML-N, PML-Q, Altaf Hussain, Maulana Fazlur Rehman or Balochistan people and did politics as the country needed unity.
The United States has recently stepped up its air raids in an attempt to exert pressure on the Taliban to accept a negotiated end to its 18-year insurgency.The UN Assistance Mission in Afghanistan recorded 649 civilians casualties as a result of aerial attacks in the first nine months of last year, the highest number in any year since systematic recording began in 2009.Taliban's five-year rule over at least three quarters of Afghanistan came to an end in the wake of a US-led invasion in 2001, but the militant group still continues to attack government and civilian targets as well as foreign forces.
The idea of signing performance contract was floated by the last Pakistan Muslim League -- Nawaz (PML-N)-led government, but they did not implement it under their five-year rule. Now, the PTI government has been making plans to implement this idea, with the hope that it would help improve governance and upscale the performance of civil servants.