Rollovers and Conversions. Your XXX may be rolled over to another XXX, SIMPLE XXX, or an eligible employer-sponsored retirement plan of yours, may receive rollover contributions, or 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 movement of cash or other property to your XXX from another XXX, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax- sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional XXX assets to a Xxxx XXX. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Appears in 8 contracts
Samples: Account Agreement, www.darbie.com, Individual Retirement Custodial Account Agreement
Rollovers and Conversions. Your XXX may be rolled over to another XXX, SIMPLE XXX, or an eligible employer-sponsored retirement plan XXX of yours, may receive rollover contributions, or 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 movement of cash or other property to your XXX from another XXX, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax- tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional XXX assets to a Xxxx XXX. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Appears in 7 contracts
Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Rollovers and Conversions. Your XXX may be rolled over to another XXX, SIMPLE XXX, or an eligible employer-sponsored retirement plan of yours, may receive rollover contributions, or 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 movement of cash or other property to your XXX from another XXX, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax- tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional XXX assets to a Xxxx XXX. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
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Rollovers and Conversions. Your XXX may be rolled over to another XXX, SIMPLE XXX, or an eligible employer-sponsored retirement plan XXX of yours, or may receive rollover contributions, . Your Traditional XXX or SIMPLE XXX 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 movement of cash or other property to your XXX from another XXX, or from your employer’s qualified retirement plan, 403(a) annuityannuity plan, 403(b) tax- tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject Plan to taxation or the additional 10 percent early distribution penalty taxyour XXX. Conversion is a term used to describe the movement of Traditional or SIMPLE XXX assets to a Xxxx XXX. A conversion and employer-sponsored retirement plan rollover to a Xxxx XXX is generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
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Samples: Prototype Plan Agreement