Rollovers and Conversions. The balance in your XXX may be rolled over to another XXX, or your XXX may receive rollover contributions from any of your other IRAs or from your employer’s qualified retirement plan, tax-sheltered annuity, or Section 457(b) deferred compensation plan (beginning January 1, 2002), provided that all of the applicable rollover rules are followed. “Rollover” is a term used to describe a tax-free movement of cash or other property to your XXX from any of your IRAs or eligible retirement plans. Funds in a SIMPLE XXX may not be rolled to your XXX during the first two years you participate in your employer’s SIMPLE XXX plan. Your XXX may also be converted to a Xxxx XXX if certain eligibility requirements are met. 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 tax professional.
Appears in 9 contracts
Samples: Traditional Ira Adoption Agreement, Traditional Ira Adoption Agreement, Traditional Ira Adoption Agreement
