Common use of Qualified Reservist Contributions Clause in Contracts

Qualified Reservist Contributions. If you are a qualified reservist ordered or called to active duty after September 11, 2001 for more than 179 days (or for an indefinite period), and take an XXX distribution or take certain elective deferrals from an eligible retirement plan after September 11, 2001, and before the end of your active duty, you may make one or more contributions of these assets to your Xxxx XXX within two years of the end of your active duty. Movement of Assets Between Traditional and Xxxx IRAs. 1. Traditional XXX to Xxxx XXX Conversions. You may convert all or a portion of your traditional XXX assets to a Xxxx XXX. Your conversion assets (excluding prorated nondeductible contributions) are subject to federal income tax. Your conversion must be reported to the IRS. The 10 percent early-distribution penalty tax does not apply to conversions. If you elect to convert your assets using a rollover transaction, the 60-day rule applies. The one per 1-year limitation does not apply to conversions.

Qualified Reservist Contributions. If you are a qualified reservist ordered or called to active duty after September 11, 2001 for more than 179 days (or for an indefinite period), and take an XXX IRA distribution or take certain elective deferrals from an eligible retirement plan after September 11, 2001, and before the end of your active duty, you may make one or more contributions of these assets to your Xxxx XXX within two years of the end of your active duty. Movement of Assets Between Traditional and Xxxx IRAs. 1. Traditional XXX IRA to Xxxx XXX Conversions. You may convert all or a portion of your traditional XXX IRA assets to a Xxxx XXX. Your conversion assets (excluding prorated nondeductible contributions) are subject to federal income tax. Your conversion must be reported to the IRS. The 10 percent early-distribution penalty tax does not apply to conversions. If you elect to convert your assets using a rollover transaction, the 60-day rule applies. The one per 1-year limitation does not apply to conversions.

Qualified Reservist Contributions. If you are a qualified reservist ordered or called to active duty after September 11, 2001 for more than 179 days (or for an indefinite period), and take an XXX distribution or take certain elective deferrals from an eligible retirement plan after September 11, 2001, and before the end of your active duty, you may make one or more contributions of these assets to your Xxxx XXX within two years of the end of your active duty. Movement of Assets Between Traditional and Xxxx IRAs. 1. Traditional XXX to Xxxx XXX Conversions. You may convert all or a portion of your traditional XXX assets to a Xxxx XXX. Your conversion assets (excluding prorated nondeductible contributions) are subject to federal income tax. Your conversion must be reported to the IRS. The 10 percent early-distribution penalty tax does not apply to conversions. If you elect to convert your assets using a rollover transaction, the 60-day rule applies. The one per 1-year limitation does not apply to conversions.

Qualified Reservist Contributions. If you are a qualified reservist ordered or called to active duty after September 11, 2001 for more than 179 days (or for an indefinite period), and take an XXX IRA distribution or take certain elective deferrals from an eligible retirement plan after September 11, 2001, and before the end of your active duty, you may make one or more contributions of these assets to your Xxxx XXX IRA within two years of the end of your active duty. Movement of Assets Between Traditional and Xxxx IRAs. 1. Traditional XXX IRA to Xxxx XXX Conversions. You may convert all or a portion of your traditional XXX IRA assets to a Xxxx XXX. Your conversion assets (excluding prorated nondeductible contributions) are subject to federal income tax. Your conversion must be reported to the IRS. The 10 percent early-distribution penalty tax does not apply to conversions. If you elect to convert your assets using a rollover transaction, the 60-day rule applies. The one per 1-year limitation does not apply to conversions.