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February 19, 2009




Legal document issued by the court, appointing a legal guardian to handle the financial affairs of a person who is unable to handle such affairs due to  being physically and/or mentally incapacitated.

An individual who has a durable power of attorney may negate the need to have the court appoint a conservator

Referring Cite

State law

Additional Helpful Information

The IRA custodian/trustee or plan trustee should review the document to determine whether it places any limitations on the transactions that can be legally performed by the conservator.


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Qualified Charitable Distribution (QCD)

Definition A distribution that is excludable from the distributee’s income, as a result of meeting the following requirements: It is made after the distributee reaches

Saver’s Credit

Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit

Catch-up Contribution

Definition An additional contribution that can be made to a retirement plan by a participant who is at least age-50 by the end of the

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IRA Rules