Rollovers and Transfers. Your inherited Xxxx XXX may receive multiple rollover contributions from inherited qualified retirement plans, 403(a) annuity plans, 403(b) tax-sheltered annuity plans, or 457(b) governmental deferred compensation plans, or multiple transfers from inherited Xxxx IRAs. In order to combine these inherited retirement assets in the same inherited Xxxx XXX, you must have inherited the assets from the same owner and they must have been subject to the same beneficiary payment elections and calculation methods as under the receiving inherited Xxxx XXX. Rollover is a term used to describe a direct movement of cash or other property to your inherited Xxxx XXX from an eligible retirement plan that you have inherited as an eligible beneficiary. The rollover and transfer rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or transfer, please see a competent tax advisor.
Rollovers and Transfers. Your inherited XXX may receive multiple rollover contributions from inherited qualified retirement plans, 403(a) annuity plans, 403(b) tax-sheltered annuity plans, or 457(b) governmental deferred compensation plans, or multiple transfers from inherited Traditional IRAs. In order to combine these inherited retirement assets in the same inherited XXX, you must have inherited the assets from the same owner and they must have been subject to the same beneficiary payment elections and calculation methods as under the receiving inherited XXX. Rollover is a term used to describe a tax-free movement of cash or other property to your inherited XXX from a qualified retirement plan, 403(a) annuity plan, 403(b) tax- sheltered annuity, or 457(b) eligible governmental deferred compensation plan that you have inherited as a beneficiary. The general rollover and transfer rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or transfer, please see a competent tax advisor.
Rollovers and Transfers. Your HSA may be rolled over to another HSA of yours, or may receive rollover contributions, 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 between any of your HSAs or other tax favored accounts. The rollover rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover, please see your tax advisor. Funds distributed from your HSA may be rolled over to another HSA that you own if the requirements of the Code Section 223(f)(5) are met. A proper HSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. You may not have completed another HSA to HSA rollover from the distributing HSA during the twelve (12) months preceding the date you received the distribution. Further, you may roll over the same dollars or assets only once every twelve (12) months. Finally, current IRS-published guidance indicates that you may make only one rollover contribution to an HSA during a one (1) year period. Funds distributed from your Xxxxxx MSA may be rolled over to your HSA. A proper MSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. Rollovers from an IRA to an HSA are also permitted subject to the requirements and limitation under the Tax Relief and Health Care Act of 2006 and IRS guidance issued thereunder. At the time you make a proper rollover to an HSA, you must designate to the Custodian, in writing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.
Rollovers and Transfers. A Participant may transfer all or part of the assets in his or her SIMPLE IRA under the Plan to another SIMPLE IRA under another SIMPLE plan on a tax-free basis. A Participant may transfer all or part of the assets in his or her SIMPLE IRA under another SIMPLE plan to his or her SIMPLE IRA under this SIMPLE Plan on a tax- free basis. A Participant shall not roll over all or part of the assets in a non-SIMPLE IRA to his or her SIMPLE IRA under the Plan. In addition, a Participant may roll over all or part of the assets in his or her SIMPLE IRA under the Plan to any other eligible retirement plan on a tax-free basis after a two-year period has expired since Employer contributions were first deposited into the Participant’s SIMPLE IRA. Any rollover or transfer must be requested in a form and manner acceptable to the Custodian and must comply with the requirements under Sections 408 and 408A of the Code.
Rollovers and Transfers. You are allowed to "roll over" a distribution or transfer your assets from one individual retirement account to another without any tax liability. Rollovers between IRAs may be made once per year and must be accomplished within 60 days after the distribution. Also, under certain conditions, you may roll over (tax free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. However, strict limitations apply to such rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by directly transferring the amount of the distribution to an individual retirement account or to certain other types of retirement plans. You should receive more information regarding these new withholding rules and whether your distribution can be transferred to an IRA from the plan administrator prior to receiving your distribution.
Rollovers and Transfers. In the discretion of the Administrator according to such uniform and nondiscriminatory rules established by the Administrator, and in accordance with Sections 402 and 408 of the Code, a Participant may make a rollover to the Plan or the Plan may accept a direct transfer (including voluntary after-tax contributions) from another plan qualified under Section 401(a) of the Code or from an individual retirement account. If the Employer has adopted the Profit Sharing Plan, any rollover or transfer shall be made to such Plan.
Rollovers and Transfers. (1) Notwithstanding sections 6.10 and 7.3, a direct rollover or transfer of a distribution from a Xxxx Elective Deferral sub-account under the Plan will only be made to another Xxxx Elective Deferral account under an applicable retirement Plan described in Section 402A(e)(1) of the Code or to a Xxxx XXX described in Section 408A of the Code, and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code.
(2) Notwithstanding Article 7, the Plan will accept a rollover contribution to a Xxxx Elective Deferral sub-account only if it is a direct rollover or transfer from another Xxxx Elective Deferral account under an applicable retirement Plan described in Section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code.
(3) Eligible rollover distributions from a Participant's Xxxx Elective Deferral sub- account are taken into account in determining whether the total amount of the Participant’s Account balances under the Plan exceeds $1,000 for purposes of section 6.5 of the Plan.
Rollovers and Transfers. Your Contract is non-forfeitable (i.e., not subject to the claims of your creditors) and non-transferable (i.e., you may not transfer it to someone else). Under certain circumstances, you may be able to transfer amounts distributed from your Contract to another eligible retirement plan or IRA. Generally, a distribution may be eligible for rollover. Certain types of distributions cannot be rolled over, such as distributions received on account of:
Rollovers and Transfers. You may roll over or transfer all or part of your SIMPLE IRA to another SIMPLE IRA. Rollovers from one SIMPLE IRA to another SIMPLE IRA must generally comply with the rollover rules applicable to IRAs. Rollovers from one SIMPLE IRA to another SIMPLE IRA must be completed no later than the 60th day after the day you receive the distribution from your SIMPLE IRA. Effective January 1, 2015, an individual is only permitted to make one 60-day rollover per 12-month period between all IRAs owned by the individual. This limitation applies on an aggregate basis to all IRAs owned by an individual. You may not roll over or transfer assets from your SIMPLE IRA to another IRA or eligible retirement plan (other than a SIMPLE IRA) until two years have passed from the time you first participated in your Employer’s SIMPLE IRA Plan. After the two-year period, distributions from a SIMPLE IRA are subject to the same rollover rules applicable to IRAs. Description for specific steps you must follow for transfers from your Fidelity Advisor SIMPLE IRA to occur at “no cost or penalty” to you. You may also elect to have transfers made from your Fidelity Advisor SIMPLE IRA without invoking the “no cost or penalty” feature. If you elect transfers without following the requirements outlined in the Appendix, certain costs and fees may be charged against your SIMPLE IRA account when you transfer some portion, or all, of your SIMPLE IRA balance to another IRA or individual retirement annuity. ■ Your Employer has not selected a DFI. unless you elect NOT to have withholding apply by indicating this on your Distribution Request form. This election will remain in effect on periodic distributions taken from your SIMPLE IRA until revoked by you. You can revoke this election at any time by sending a written request to: If you elect to have withholding apply, either by indicating that you want to have withholding apply, by not indicating that you do not want withholding applied when you request your distribution(s), or by not providing a U.S. residential address, federal income tax will be withheld from your SIMPLE IRA distribution(s) at the rate of 10%. Even if you choose to have federal income tax withheld, you are still responsible for the full payment of federal income tax, any state or local taxes, and any penalties which may apply to your distribution(s). Whether or not you elect to have withholding apply, you may be responsible for payment of estimated taxes. You may also incur penalties ...
Rollovers and Transfers. At the written direction of the Employee, the Custodian may accept any rollover contribution, direct rollover contribution or transfer of assets from another custodial account or annuity contract described in Code Section 403(b) (or a rollover from an individual retirement account (IRA) whose assets are attributable solely to a previous rollover contribution from one or more such custodial accounts or annuity contracts); provided that such rollover or transfer complies with the appropriate requirements of Code sections 403(b)(8), 408(d)(3), 1035 and other applicable Code sections and regulations thereunder. Any assets which are transferred or rolled over (directly or otherwise) to the Custodial Account shall become subject to the distribution restrictions set forth in Article VI. Neither the Company nor the Custodian shall be responsible for determining whether such rollover contribution or transfer of assets complies with the appropriate Code sections, or for determining the proper tax treatment of such transaction, including, but not limited to determining whether such rollover, direct rollover, or transfer is excludable from the Employee's income or constitutes an excess contribution under Code Section 4973.
