Indirect Rollover and Withholding. An indirect rollover begins with a plan distribution made payable to you. In general, your employer is required to withhold 20 percent on the taxable portion of your eligible distribution as a prepayment of federal income taxes on distributions. You may make up the 20 percent withholding from your own funds at the time you deposit the distribution into a Xxxx XXX. If you are younger than age
Appears in 6 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
