Common use of Rollovers and Conversions Clause in Contracts

Rollovers and Conversions. Your IRA may be rolled over to an IRA of yours, may receive rollover contributions, and may be converted to a Xxxx XXX, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a tax-free movement of cash or other property to your IRA from another IRA, or from your employer’s qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan. Conversion is a term used to describe the movement of Traditional IRA assets to a Xxxx XXX. A conversion is generally a taxable event. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Rollovers and Conversions. Your IRA XXX may be rolled over to an IRA XXX of yours, may receive rollover contributions, and may be converted to a Xxxx XXX, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a tax-free tax-­‐free movement of cash or other property to your IRA XXX from another IRAXXX, or from your employer’s qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered tax-­‐sheltered annuity, or 457(b) eligible governmental deferred compensation plan. Conversion is a term used to describe the movement of Traditional IRA XXX assets to a Xxxx XXX. A conversion is generally a taxable event. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Rollovers and Conversions. Your IRA may be rolled over to an IRA of yours, may receive rollover contributions, and may be converted to a Xxxx XXX, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a tax-free movement of cash or other property to your IRA from another IRA, or from your employer’s qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation planplans. Conversion is a term used to describe the movement of Traditional IRA assets to a Xxxx XXX. A conversion is generally a taxable event. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.