Am I Eligible to Contribute to. a Traditional XXX? Employees with compensation income and self-employed individuals with earned income are eligible to contribute to a Traditional XXX. (For convenience, all future references to compensation are deemed to mean “earned income” in the case of a self-employed individual.) Employers may also contribute to Traditional IRAs established for the benefit of their employees. In addition, you may establish a Traditional XXX to receive rollover contributions and transfers from the trustee or Custodian of another Traditional XXX or the Custodian or trustee of certain other retirement plans.
Appears in 88 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
