Common use of Rollovers and Transfers to Traditional IRAs Clause in Contracts

Rollovers and Transfers to Traditional IRAs. You may not roll remove your excess contribution, plus attributable earnings, as late over or transfer assets from a SIMPLE IRA to a traditional IRA as October 15 for calendar year filers. Excess contributions are until the two-year holding period has expired. The one per 1-year generally included in your income. Your SIMPLE IRA excesses limitation applies to rollovers to traditional IRAs after the two-year cannot be recharacterized and cannot be used as a traditional IRA holding period has expired. contribution.

Rollovers and Transfers to Traditional IRAs. You may not roll remove your excess contribution, plus attributable earnings, as late over or transfer assets from a SIMPLE IRA XXX to a traditional IRA XXX as October 15 for calendar year filers. Excess contributions are until the two-year holding period has expired. The one per 1-year generally included in your income. Your SIMPLE IRA XXX excesses limitation applies to rollovers to traditional IRAs after the two-year cannot be recharacterized and cannot be used as a traditional IRA XXX holding period has expired. contribution.