Common use of Rollovers Clause in Contracts

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterize a Contribution/Conversion. You may "recharacterize" a contribution/conversion made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution/conversion amount along with the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. Reconversion. A reconversion occurs when you convert Traditional IRA assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days has elapsed since the recharacterization. TRANSFERS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRAAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-SIMPLE IRA RolloverXxxx XXX Rollover (by Xxxx XXX Owner). An amount distributed Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from your Traditional IRA a 401(k), 403(b), or 457(b) plan may be rolled over over, directly or indirectly, to your SIMPLE IRA only after at least two years have elapsed from Xxxx XXX. You are solely responsible for tracking the date on which taxable and nontaxable amounts of the assets rolled over. If you first participated in any SIMPLE IRA Plan maintained by the employer. When completing roll over a rollover nonqualified distribution from a Traditional IRA designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a SIMPLE IRAXxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you must generally complete roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover transaction within 60 days from contribution is considered basis in the date you receive the distribution from your Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRAEmployer Retirement Plan-to-IRA rollover transactionXxxx XXX Rollover (by Inherited Xxxx XXX Owner). The 12-month waiting period begins on Please refer to the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRAsection of this document entitled “Inherited Xxxx XXX.” Xxxx XXX-to-Employer Retirement Plan RolloverRollovers Not Permitted. If Distributions from your employer’s retirement plan accepts rollovers from Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Conversions to Xxxx IRAs. Generally, you may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, and you must amounts converted are generally contribute treated as taxable distributions. However, the premature distribution within 60 days penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-a Traditional IRA Rollover (by Traditional IRA Owner)or SIMPLE IRA) to a Xxxx XXX. Eligible rollover Required minimum distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planconverted. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer Conversions are not subject to the section of this document entitled “Inherited IRA.” 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received, and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between IRAsyour Xxxx XXX. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRAAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-SIMPLE IRA RolloverXxxx XXX Rollover (by Xxxx XXX Owner). An amount distributed Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from your Traditional IRA a 401(k), 403(b), or 457(b) plan may be rolled over over, directly or indirectly, to your SIMPLE IRA only after at least two years have elapsed from Xxxx XXX. You are solely responsible for tracking the date on which taxable and nontaxable amounts of the assets rolled over. If you first participated in any SIMPLE IRA Plan maintained by the employer. When completing roll over a rollover nonqualified distribution from a Traditional IRA designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a SIMPLE IRAXxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you must generally complete roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover transaction within 60 days from contribution is considered basis in the date you receive the distribution from your Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRAEmployer Retirement Plan-to-IRA rollover transactionXxxx XXX Rollover (by Inherited Xxxx XXX Owner). The 12-month waiting period begins on Please refer to the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRAsection of this document entitled “Inherited Xxxx XXX.” Xxxx XXX-to-Employer Retirement Plan RolloverRollovers Not Permitted. If Distributions from your employer’s retirement plan accepts rollovers from Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Conversions to Xxxx IRAs. Generally, you may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, and you must amounts converted are generally contribute treated as taxable distributions. However, the premature distribution within 60 days penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-a Traditional IRA Rollover (by Traditional IRA Owner)or SIMPLE IRA) to a Xxxx XXX. Eligible rollover Required minimum distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planconverted. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer Conversions are not subject to the section of this document entitled “Inherited IRA.” 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received, and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or Servicemembers’ Group Life Insurance (SGLI) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between IRAsyour Xxxx XXX. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterizing a Contribution/Conversion. You may “recharacterize” a contribution/conversion made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution/conversion amount and the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first IRA. Reconversion. A reconversion occurs when you convert Traditional IRA (or SIMPLE IRA) assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days have elapsed since the recharacterization. TRANSFERS Transfers. You may move your Xxxx XXX from one trustee or custodian to a Xxxx XXX maintained by another trustee or custodian by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year. Transfers Incident to Divorce. Under a valid divorce decree, separate maintenance decree, or other valid court order, your Xxxx XXX may be transferred to your ex- spouse or you may receive all or part of your ex-spouse’s Xxxx XXX.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing Traditional IRAdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRAAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-SIMPLE IRA RolloverXxxx XXX Rollover (by Xxxx XXX Owner). An Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly, or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount distributed of the rollover contribution is considered basis in the Xxxx XXX. Employer Retirement Plan-to-Xxxx XXX Rollover (by Inherited Xxxx XXX Owner). Please refer to the section of this document entitled “Inherited Xxxx XXX.” Xxxx XXX-to-Employer Plan Rollovers Not Permitted. Distributions from your Traditional Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to your SIMPLE an IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained (including an Inherited IRA) by the employertax return deadline (not including extensions) for the year the assets are returned. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only The one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The per 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, limitation does not the date you complete the rollover transactionapply to such rollovers. Traditional IRA-to-Employer Retirement Plan RolloverConversions to Xxxx IRAs. If your employer’s retirement plan accepts rollovers from IRAs, you You may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. Amounts that represent basis may only be converted as permitted under the Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a Xxxx XXX. Required minimum distributions (RMDs) may not be converted. All RMDs must be withdrawn as required under the Code and you must generally contribute Regulations prior to a conversion. Conversions are not subject to the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transactionrestriction that typically applies to rollovers between IRAs. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that Xxxx XXX conversions may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planrecharacterized. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made up until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between your Xxxx XXX. Rollover of Qualified Tuition Program Distribution. Beginning January 1, 2024, distributions from qualified tuition programs that meet the eligibility requirements in the Code, Regulations and other applicable guidance may be rolled over to your Xxxx XXX. Rollovers from qualified tuition programs are subject to annual Xxxx XXX contribution limit and are reduced by any other contributions you make for the tax year to any of your Xxxx and/or Traditional IRAs. RECHARACTERIZATIONSThe maximum lifetime limit that may be rolled over to your Xxxx IRAs from a qualified tuition program, in aggregate, is $35,000. Adjustments to lifetime limit amount may be authorized by the federal government. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or Xxxx XXX) and treat it as though it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. You may not recharacterize a Xxxx XXX conversion. TRANSFERS Transfers. You may move your Xxxx XXX from one trustee, custodian, or issuer to a Xxxx XXX maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are must take a required to take minimum distributions because you are age 70½ or olderdistribution (RMD) for the year, you may not roll over any the RMD. All RMDs must be withdrawn as required minimum distributionsunder the Code and Regulations prior to a rollover. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing Traditional IRAdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from your Traditional IRAdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute complete the distribution within 60 days from rollover transaction not later than the 60th day after the date on which you receive itreceived the distribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-to- IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly directly, or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit profit-sharing plans), governmental 457(b) plans, the federal Thrift Savings Plan, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or corrective distributions of excess contributions, excess deferrals, excess annual additions and any income allocable to the excess, certain deemed distributions related to defaulted loans, dividends on employer securities, the cost of life insurance coverage, and distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or governmental 457(b) plan, or the federal Thrift Savings Plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made up until the due date for filing your return, not including extensions. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not apply to such rollovers. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, Amounts that represent basis may only be converted as permitted under the premature Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions (RMDs) may not be converted. All RMDs must be withdrawn as required under the Code and Regulations prior to a conversion. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSXxxx XXX conversions may not be recharacterized. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it were made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. You may not recharacterize a Xxxx XXX conversion. TRANSFERS Transfers. You may move your IRA from one trustee custodian, or issuer to an IRA maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXXX-to-Traditional IRA XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA SIMPLE XXX if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution into the same or another SIMPLE XXX (or a Traditional XXX) as a rollover. To complete a rollover of a SIMPLE XXX distribution to a Traditional XXX, at least two years must have elapsed from the distributing Traditional IRAdate on which you first participated in any SIMPLE XXX Plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-If you roll over the entire amount of a SIMPLE IRA RolloverXXX distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. An Any amount distributed from your Traditional IRA may be not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any part that represents basis) and may be, if you are under age 59½, subject to your the premature distribution penalty tax. SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRAXXX-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax SIMPLE XXX assets in your Traditional IRA into to your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, if at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA XXX Plan maintained by the employer. If you are required to take minimum distributions because you are age 70½ or older, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within may not roll over any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transactionrequired minimum distributions. Employer Retirement Plan-to-Traditional IRA SIMPLE XXX Rollover (by Traditional IRA Owner)Not Permitted. Eligible rollover distributions Distributions from qualifying employer your employer’s retirement plans may be rolled over, directly or indirectly, plan are not eligible to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled roll over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRASIMPLE XXX.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are must take a required to take minimum distributions because you are age 70½ or olderdistribution for the year, you may not roll over any the required minimum distributionsdistribution. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-12- month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit profit-sharing plans), governmental 457(b) plans, the federal Thrift Savings Plan, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” ”. Rollover of Exxon Xxxxxx Valdez Settlement Income. Certain income received as an Exxon Xxxxxx Valdez qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not apply to such rollovers. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. Xxxx XXX conversions may not be recharacterized. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are must take a required to take minimum distributions because you are age 70½ or olderdistribution (RMD) for the year, you may not roll over any the RMD. All RMDs must be withdrawn as required minimum distributionsunder the Code and Regulations prior to a rollover. You must irrevocably elect to treat such contributions as rollovers. Traditional SIMPLE IRA-to-Traditional SIMPLE IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional SIMPLE IRA if you contribute the amount withdrawn into the same or another Traditional SIMPLE IRA as a rollover. When completing a rollover from a Traditional SIMPLE IRA to a Traditional SIMPLE IRA, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing Traditional IRAdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. SIMPLE IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your SIMPLE IRA, if you contribute the amount withdrawn into a Traditional IRA as a rollover. When completing a rollover from a SIMPLE IRA to a Traditional IRA, you must generally complete the rollover transaction not later than the 60th day after the date on which you received the distribution. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. SIMPLE IRA-to-Employer Retirement Plan Rollover. If your employer's retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your SIMPLE IRA into your employer retirement plan if at least two years have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer. If you take constructive receipt of a distribution from your SIMPLE IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction not later than the 60th day after the date on which you received the distribution. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from not later than the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from 60th day after the date on which you first participated in any SIMPLE IRA Plan maintained by received the employer, and you must generally contribute the distribution within 60 days from the date you receive itdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner)SIMPLE IRA. Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly directly, or indirectly, to your Traditional IRASIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit profit-sharing plans), governmental 457(b) plans, the federal Thrift Savings Plan, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional SIMPLE IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or corrective distributions of excess contributions, excess deferrals, excess annual additions and any income allocable to the excess, certain deemed distributions related to defaulted loans, dividends on employer securities, the cost of life insurance coverage, and distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or governmental 457(b) plan, or the federal Thrift Savings Plan. Employer Retirement PlanRollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from a SIMPLE IRA (including an Inherited SIMPLE IRA) or another eligible employer-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer sponsored retirement plan that are returned to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement taxpayer may be rolled over to a Traditional SIMPLE IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced including an Inherited SIMPLE IRA) by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax yearsreturn deadline (not including extensions) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not including extensionsapply to such rollovers. Conversion of Traditional SIMPLE IRA to Xxxx XXX. GenerallyAfter you have been a SIMPLE IRA plan participant for two years, you may convert all or a portion of your Traditional SIMPLE IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, Amounts that represent basis may only be converted as permitted under the premature Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional SIMPLE IRA to a Xxxx XXX. Required minimum distributions (RMDs) may not be converted. Traditional All RMDs must be withdrawn as required under the Code and Regulations prior to a conversion. SIMPLE IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSXxxx XXX conversions may not be recharacterized. TRANSFERS Transfers. You may move your SIMPLE IRA from one trustee, custodian, or issuer to a SIMPLE IRA maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. If you are required to take minimum distributions because you are age 72 or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA RolloverXXX Xxxxxxxx. You may withdraw, tax free, all or a portion of your Traditional SIMPLE IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution into the same or another SIMPLE IRA (or a Traditional IRA) as a rollover. To complete a rollover of a SIMPLE IRA distribution to your Traditional IRA, at least two years must have elapsed from the distributing Traditional IRAdate on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-to- IRA 60 day rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-If you roll over the entire amount of a SIMPLE IRA Rolloverdistribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. An Any amount distributed from your Traditional IRA may be not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any part that represents basis) and may be, if you are under age 59½, subject to your SIMPLE IRA only after at least two years have elapsed from the date on which premature distribution penalty tax. However, if you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA inadvertently fail to a SIMPLE IRA, you must generally complete the rollover transaction of a distribution within 60 days, you may be able to obtain a waiver of the 60-day time limit through a self-certification procedure if you meet certain requirements. Additionally, for certain qualified plan loan offsets (which is generally the amount an employer retirement plan account balance is reduced, or offset, to repay a loan from such plan, when the employer plan terminates, or because the participant severed from employment), you may have until the due date (including extensions) for your tax return for the tax year in which the offset occurs to complete the rollover to your IRA. If your plan loan offset is not “qualified,” then you have 60 days from the date you receive the distribution from offset occurs to complete your Traditional IRArollover. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional SIMPLE IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax SIMPLE IRA assets in your Traditional IRA into to your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, if at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. If you are required to take minimum distributions because you are age 72 or older, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within may not roll over any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transactionrequired minimum distributions. Employer Retirement Plan-to-Traditional SIMPLE IRA Rollover (by Traditional IRA Owner)Rollover. Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plansAfter the 2-year period of participation defined in section 72(t)(6), governmental 457(b) plansrollovers from any eligible retirement plan (as defined in section 402(c)(8)(B)), 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled other than a Xxxx XXX or a designated Xxxx account, are eligible to roll over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited SIMPLE IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRAAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-SIMPLE IRA RolloverXxxx XXX Rollover (by Xxxx XXX Owner). An amount distributed Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from your Traditional IRA a 401(k), 403(b), or 457(b) plan may be rolled over over, directly or indirectly, to your SIMPLE IRA only after at least two years have elapsed from Xxxx XXX. You are solely responsible for tracking the date on which taxable and nontaxable amounts of the assets rolled over. If you first participated in any SIMPLE IRA Plan maintained by the employer. When completing roll over a rollover nonqualified distribution from a Traditional IRA designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a SIMPLE IRAXxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you must generally complete roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover transaction within 60 days from contribution is considered basis in the date you receive the distribution from your Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRAEmployer Retirement Plan-to-IRA rollover transactionXxxx XXX Rollover (by Inherited Xxxx XXX Owner). The 12-month waiting period begins on Please refer to the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRAsection of this document entitled “Inherited Xxxx XXX.” Xxxx XXX-to-Employer Retirement Plan RolloverRollovers Not Permitted. If Distributions from your employer’s retirement plan accepts rollovers from Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Conversions to Xxxx IRAs. Generally, you may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, and you must amounts converted are generally contribute treated as taxable distributions. However, the premature distribution within 60 days penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-a Traditional IRA Rollover (by Traditional IRA Owner)or SIMPLE IRA) to a Xxxx XXX. Eligible rollover Required minimum distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planconverted. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer Conversions are not subject to the section of this document entitled “Inherited IRA.” 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received, and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or Servicemembers’ Group Life Insurance (SGLI) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between IRAsyour Xxxx XXX. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterizing a Contribution/Conversion. You may “recharacterize” a contribution/conversion made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution/conversion amount and the net income attributable to the Reconversion. A reconversion occurs when you convert Traditional IRA (or SIMPLE IRA) assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days have elapsed since the recharacterization. TRANSFERS Transfers. You may move your Xxxx XXX from one trustee or custodian to a Xxxx XXX maintained by another trustee or custodian by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year. Transfers Incident to Divorce. Under a valid divorce decree, separate maintenance decree, or other valid court order, your Xxxx XXX may be transferred to your ex- spouse or you may receive all or part of your ex-spouse’s Xxxx XXX.

Rollovers. Generally, a An IRA participant is allowed only one rollover is a movement of cash or assets from one retirement plan IRA to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA another (or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as IRA) across all IRAs (Traditional, Rollover, Roth, SEX, XARSEP and SIMPLE) in aggregate that a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within taxpayer owns in any 12-month period may be rolled over in or 365-day period. As an IRAalternative, a participant can make an unlimited number of trustee-to-IRA rollover transactiontrustee transfers where the proceeds are delivered directly to the receiving financial institution, successor custodian or trustee. The 12-month waiting period begins on You must contact the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRAreceiving institution to initiate a trustee-to-SIMPLE trustee transfer. For more information please visit the Internal Revenue Service’s web site www.irs.xxx xxxxx xhe search term “IRA One-Rollover-Per-Year Rule”. An amount distributed from your PARTICIPANT INFORMATION Name: Cell Phone: ( ) Address: Alternate Telephone: ( ) City: State: Zip Code: Social Security Number: Date of Birth: Account Number: TRADITIONAL ROLLOVER Traditional IRA may be rolled over to your SIMPLE 60-day Rollover – I certify that this rollover is a distribution of all or part of my account balance from another IRA only after at least two years which I received within the prior 60 calendar days. I certify that 365 days have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of passed since I last received a distribution from your this or any other IRA that I rolled over into this or another IRA. Traditional IRA 3-Year Rollover - I certify that this rollover is a distribution from another IRA, and that this distribution is being rolled over within 3 calendar years following the date that I received (indicate one below): Qualified birth or adoption distribution(s) of up to complete $5,000 in compliance with Section 72(t)(2)(H) of the Internal Revenue Code. Coronavirus-related distribution(s) of up to $100,000 made on or after January 1, 2020, as defined by Section 2202(a)(4)(A) of the CARES Act. IRA Eligxxxx Xxxxxxxr Distribution - I certify that this rollover is a rollover to an employer non-periodic distribution from my employer’s qualified retirement plan (i.e.of all or part of my account balance, an indirect rollover)other than the portion of any distribution which is nontaxable, you must generally complete the rollover transaction and that this distribution is being rolled over within 60 calendar days from of the date you receive that I received the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a (Your employer’s plan administrator should be able to tell you what portion of your distribution is an “eligible distribution”.) I certify that no portion of this rollover is from any portion of a SIMPLE Designated Roth Conxxxxution Account under my employer’s qualified retirement plan or from any amount required to be distributed under Internal Revenue Code Sections 408(a)(6) and 401(a)(9), commonly known as a required minimum distribution. ROTH ROLXXXXR Roth IRA 00-xxx Rollover – I certify that this rollover is a distribution to a Traditional of all or part of my account balance from another Roth IRA, at least two years must have elapsed from xxx xxat this distribution is being rolled over within 60 calendar days of the date on which you first participated in that I received the distribution. I certify that 365 days have passed since I last received a distribution from this or any SIMPLE other IRA Plan maintained by the employerthat I rolled over into this or another IRA. Roth IRA 0-Xxxx Rollover – I certify that this rollover is a distribution from another Roth IRA, and you must generally contribute the xxx xxat this distribution is being rolled over within 60 days from 3 calendar years following the date you receive itthat I received (indicate one below): Qualified birth or adoption distribution(s) of up to $5,000 in compliance with Section 72(t)(2)(H) of the Internal Revenue Code. Only one Coronavirus-related distribution(s) of up to $100,000 made on or after January 1, 2020, as defined by Section 2202(a)(4)(A) of the CARES Act. Qualified Rollover Contribution (conversion) into a Roth IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a xxxx x 401(k), 403(b), 457 Plan or 457(bother Qualified Plan – I certify that this rollover is a distribution from my employer’s retirement plan paid as a direct rollover contribution (conversion) into a Roth IRA. Xxxxxnated Roth Conxxxxution Account – I certify that his rollover is a direct rollover or a 60-day rollover from my Designated Roth Conxxxxution Account under my employer’s qualified retirement plan. Employer Retirement PlanMilitary Death Gratuity Payment – I certify that this rollover contribution is less than $100,000 and is being made within 365 days of the date that I received the distribution. Servicemember’s Group Life Insurance (SGLI) – I certify that this rollover contribution is less than $400,000 and is being made within 365 days of the date that I received the distribution. PARTICIPANT CERTIFICATION I certify that the contribution described above is an eligible IRA rollover contribution. I certify that this contribution is being rolled over within 60 calendar days of the date that I received the distribution, or is being rolled directly from my employer’s plan or current custodian, and meets the tax rollover requirements described above. I certify that the rollover is not part of a series of payments over my life expectancy, or over a period of 10 years or more. I certify that the rollover does not include any required minimum distribution, hardship distribution, corrective distribution, or deemed distribution from the employer’s qualified retirement plan. I understand that this rollover contribution is irrevocable and involves important tax considerations. Specifically, I understand that a rollover contribution from a pre-to-Traditional IRA Rollover tax qualified retirement plan will no longer be eligible for the special averaging, capital gains and separate tax treatment that may be available under my employer’s plan. I agree that I am solely responsible for all tax consequences. I also agree that neither the Custodian nor Sit Mutual Funds shall have responsibility for any such tax consequences or any consequences resulting from this amount being ineligible for rollover. (by Inherited IRA Owner)Rules regarding rollovers, and their tax implications, are complex. Please refer to IRS Publication 590-B or a professional tax advisor for more information.) I have read this form and understand and agree to be legally bound by the section terms of this document entitled “Inherited form. I also understand that the Custodian will rely on my instructions within this form when accepting my rollover contribution. Participant’s Signature: Date: Mail to the following: Sit Mutual Funds Sit Mutual Funds P.O. Box 9763 4400 Comxxxxx Xxxxx Xxxxxxence, RI 02940 Westborough, MA 01581 1-800-330-0000 XXX XXLLON INVESTMENT SERVICING TRUST COMPANY Supplement to the Traditional and Roth Indxxxxual Retirement Account (IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over ) Disclosure Statement for Tax Year 2021 DEADLINE FOR 2020 CONTRIBUTIONS TO A TRADITIONAL OR ROTH IRA: Xxxx eligible individuals will have until Thursday, April 15, 2021, to make contributions to a Traditional traditional IRA or another eligible retirement planRoth IRA xxx 0000. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject For more information please refer to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSInternal Revenue Service (IRS) web site: www.irs.xxx.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA RolloverXXX Xxxxxxxx. You may withdraw, tax free, all or a portion of your Traditional SIMPLE IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from into the distributing same or another SIMPLE IRA (or a Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing ) as a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement PlanIf you roll over the entire amount of a SIMPLE IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any part that represents basis) and may be, if you are under age 59½, subject to the premature distribution penalty tax. SIMPLE IRA-to-Traditional Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your SIMPLE IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying assets to your employer retirement plans may be rolled overplan if at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. If you are required to take minimum distributions because you are age 70½ or older, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that you may not be rolled roll over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional SIMPLE IRA Rollover (by Inherited IRA Owner)Not Permitted. Please refer Distributions from your employer’s retirement plan are not eligible to the section of this document entitled “Inherited roll over to your SIMPLE IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional Your IRA may be rolled over to an IRA of yours, or may receive rollover contributions provided that all of the applicable rollover rules are followed. Rollover is a term used to described a tax-free movement of cash or other property to your SIMPLE IRA only after at least two years from any of your IRAs, or your employer's Qualified Retirement Plan or Tax Sheltered Annuity. The rollover rules are generally summarized below. These transactions are often complex. If you have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing questions regarding a rollover from rollover, please see a Traditional competent tax advisor. a. IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution IRA Rollovers--Funds distributed from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in to an IRA-to-IRA of yours if the requirements of IRC Section 408(d)(3) are met. A proper IRA to IRA rollover transactionis completed if all or part of the distribution is rolled over not later than 60 days after the distribution is received. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, You may not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional have completed another IRA to complete a IRA rollover to an employer plan (i.e., an indirect rollover), you must generally complete from the rollover transaction within 60 days from distributing IRA during the 12 months preceding the date you receive the distribution. SIMPLE IRAFurther, you may roll the same dollars or assets only once every 12 months. b. Qualified Plan (or Tax-to-Traditional Sheltered Annuity) to IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRARollovers--Effective for qualified plan distributions received after January 1, at least two years must have elapsed from the date on which 1993, you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled overrollover, directly or indirectly, any eligible rollover distribution. An eligible rollover distribution is defined generally as any distribution from a qualified plan (other than distributions to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(knonspouse beneficiaries) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any unless it is part of a certain series of substantially equal periodic payments, after-tax dollars or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k)required minimum distribution. To qualify as a rollover, 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may your eligible rollover distribution must be rolled over to your IRA not later than 60 days after you receive it. If you elect to receive your rollover distribution prior to placing it in an IRA, thereby conducting an indirect rollover, your plan administrator will generally be required to withhold 20% of your distribution as a Traditional IRA or another eligible retirement planprepayment of income taxes. The amount contributed cannot exceed When completing the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generallyrollover, you may convert all or a portion make up the amount withheld, out of pocket, and roll over the full amount distributed from your Traditional IRA to a Xxxx XXX provided qualified plan balance, if you meet any so choose. Alternatively, you may claim the withheld amount as income and pay the applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basisincome tax and, amounts converted if you are generally treated as taxable distributions. Howeverunder age 59 1/2, the premature 10 percent early distribution penalty (unless an exception to the penalty applies). As an alternative to the indirect rollover, your employer generally must give you the option of directly rolling your qualified plan balance over to an IRA. If you elect the direct rollover option, your eligible rollover distribution will be paid directly to the IRA (or other qualified plan) that typically applies to taxable withdrawals taken prior to age 59½, does you designate. The 20 percent withholding requirements do not apply to amounts converted direct rollovers. If you place your rollover contribution in a separate (i.e., conduit) IRA plan which holds just those dollars, you preserve the right to later roll the money originating from a Traditional the qualified plan into another qualified plan. c. SIMPLE IRA to REGULAR IRA Rollovers--Funds may be distributed from your SIMPLE IRA and rolled to your regular IRA without penalty provided two years have passed since you first participated in a Xxxx XXXSIMPLE IRA plan sponsored by your employer. The requirements of Section 408(d)(3) must be met. A proper SIMPLE IRA to regular IRA rollover is completed if all or part of the distribution is rolled over not later than 60 days after the distribution is received. You may not have completed another SIMPLE IRA to regular IRA or SIMPLE IRA to SIMPLE IRA rollover from the distributing SIMPLE IRA during the 12 months proceeding the date you receive the distribution. Further, you may roll the same dollars or assets only once every 12 months. Written Election--At the time you make a proper rollover to an IRA, you must designate to the Custodian, in writing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable. d. You cannot rollover to your IRA required minimum distributions which you receive from your IRA or your employer's QRP or TSA. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to those which you must start taking for the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSyear you attain age 70 ½ or older.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Xxxx XXX‐to‐Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing Traditional IRAdistribution. Only one IRA distribution within any 12-month 12‐month period may be rolled over in an IRA-to-IRA IRA‐to‐IRA rollover transaction. The 12-month 12‐month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA RolloverAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. An Employer Retirement Plan‐to‐Xxxx XXX Rollover (by Xxxx XXX Owner). Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly, or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount distributed of the rollover contribution is considered basis in the Xxxx XXX. Employer Retirement Plan‐to‐Xxxx XXX Rollover (by Inherited Xxxx XXX Owner). Please refer to the section of this document entitled “Inherited Xxxx XXX.” Xxxx XXX‐to‐Employer Plan Rollovers Not Permitted. Distributions from your Traditional Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer‐sponsored retirement plan that are returned to the taxpayer may be rolled over to your SIMPLE an IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained (including an Inherited IRA) by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete tax return deadline (not including extensions) for the rollover transaction within 60 days from year the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transactionassets are returned. The 12-month waiting one IRA‐to‐IRA rollover per 12‐month period begins on the date you receive an IRA distribution that you subsequently roll over, limitation does not the date you complete the rollover transactionapply to such rollovers. Traditional IRA-to-Employer Retirement Plan RolloverConversions to Xxxx IRAs. If your employer’s retirement plan accepts rollovers from IRAs, you You may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, and you must amounts converted are generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangementstreated as taxable distributions. Amounts that represent basis may only be converted as permitted under the Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a Xxxx XXX. Required minimum distributions (RMDs) may not be rolled over converted. All RMDs must be withdrawn as required under the Code and Regulations prior to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planconversion. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer Conversions are not subject to the section of this document entitled “Inherited IRA.” 12‐month rollover restriction that typically applies to rollovers between IRAs. Xxxx XXX conversions may not be recharacterized. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made up until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax‐free into a Xxxx XXX. Required minimum The amount you can roll over to your Xxxx XXX cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12‐month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your Xxxx XXX. Rollover of Qualified Tuition Program Distribution. Beginning January 1, 2024, distributions from qualified tuition programs that meet the eligibility requirements in the Code, Regulations and other applicable guidance may be rolled over to your Xxxx XXX. Rollovers from qualified tuition programs are subject to annual Xxxx XXX contribution limit and are reduced by any other contributions you make for the tax year to any of your Xxxx and/or Traditional IRAs. The maximum lifetime limit that may be rolled over to your Xxxx IRAs from a qualified tuition program, in aggregate, is $35,000. Adjustments to lifetime limit amount may be authorized by the federal government. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or Xxxx XXX) and treat it as though it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. You may not be converted. Traditional IRA-to-recharacterize a Xxxx XXX conversions are conversion. TRANSFERS Transfers. You may move your Xxxx XXX from one trustee, custodian, or issuer to a Xxxx XXX maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not subject to limit the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSnumber of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement You can move money between HSAs by withdrawing the money from your HSA and contributing part or all of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as HSA in your name. You can roll over a rolloverdistribution only if you meet these tests: 60-day rule. When completing a rollover from a Traditional IRA You must contribute the money to a Traditional IRA, you must generally complete the rollover transaction an HSA within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRAThe 60-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month day period may be rolled over in an IRAextended if the money cannot be withdrawn from a financial Once-toa-IRA rollover transactionyear rule. The 12-month waiting period begins on the date you receive an IRA An HSA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may cannot be rolled over if any other distribution from the same HSA has been rolled over during the preceding 365 days. An HSA distribution also cannot be rolled over if the distributing HSA has received a rollover contribution from an HSA during the preceding 365 days. Q13: Can I move money from any other plans to my HSA? A13: Xxxxxx MSAs. You can direct transfer funds from your Xxxxxx MSA to your Traditional IRA include any required minimum distributionsHSA. You can also roll over a distribution from your Xxxxxx MSA to your HSA within 60 days after you receive the distribution. Other tax advantaged plans. There are no provisions in the tax laws that authorize a rollover or transfer to an HSA from either type of individual retirement account (IRA), hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(kqualified retirement plan (QRP), 403(bfrom an education savings account (ESA), from a health reimbursement arrangement (HRA), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover from a health flexible spending arrangement (by Inherited IRA OwnerFSA). Please refer There are also no provisions in the tax law that authorize a rollover or transfer from an HSA to any other type of tax-advantaged saving arrangement. Q14: What if too much is contributed to my HSA? A14: If your employer made HSA contributions in excess of your contribution limit, the section excess is included in your gross income. If you or someone else made HSA contributions in excess of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Incomeyour contribution limit, the excess is not deductible. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over In either case, you should address the excess contribution situation. Withdraw the excess contribution before the early withdrawal deadline. Excess contribution tax. Excess contributions that are not withdrawn by the early withdrawal deadline are subject to a Traditional IRA or another eligible retirement plannondeductible 6% excess contribution tax for the year in which the contribution was made and each year thereafter until the excess is eliminated. Withdraw the excess contribution after the early withdrawal deadline. You can correct an excess contribution situation by receiving a taxable distribution from your HSA. Q15: How can I use the money in my HSA? A15: The amount contributed cannot exceed the lesser of $100,000 (reduced by money in your HSA can be removed tax-free up to the amount of any the qualified settlement income contributed medical expenses that you pay. Qualified medical expenses are amounts you pay for certain types of medical care for yourself, your spouse, and your dependents, but only to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for extent such amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONScovered by insurance or another health plan.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may will be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of treated as a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, Xxxx XXX and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA subject to tax and/or early distribution that you subsequently roll over, not the date you complete the rollover transactionpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner). Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the Xxxx XXX. Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXxxx XXX, if you meet applicable eligibility requirements. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a Xxxx XXX (other than amounts distributed from a designated Xxxx account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after-tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your Xxxx XXX. Required minimum distributions may not be rolled over over. To complete a direct rollover, from an employer plan to your Traditional IRA include any Xxxx XXX, you must generally instruct the plan administrator to send the distribution directly to your Xxxx XXX Custodian. To complete an indirect rollover to your Xxxx XXX, you must generally request that the plan administrator make a distribution directly to you. You typically have 60 days from the date you receive an eligible rollover distribution to complete an indirect rollover. If you choose the indirect rollover method, the plan administrator is typically required minimum distributionsto withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, hardship distributionshowever, any part make up the withheld amount out of a series pocket and roll over the full amount. If you do not make up the withheld amount out of substantially equal periodic paymentspocket, or distributions consisting of designated Xxxx contributions the 20% withheld (and earnings thereonnot rolled over) from will be treated as a 401(k)distribution, 403(b), or 457(b) plansubject to applicable taxes and penalties. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Inherited IRA Xxxx XXX Owner). Please refer to the section of this document entitled “Inherited IRAXxxx XXX.” Xxxx XXX-to-Employer Plan Rollovers Not Permitted. Distributions from your Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Conversions to Xxxx IRAs. Generally, you may convert all or a portion of your Traditional IRA (or SIMPLE IRA) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE IRA distribution to a Xxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a Xxxx XXX. Required minimum distributions may not be converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received, and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between IRAs. RECHARACTERIZATIONSyour Xxxx XXX.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXxxx XXX. Only one IRA XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may will be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of treated as a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, Xxxx XXX and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA subject to tax and/or early distribution that you subsequently roll over, not the date you complete the rollover transactionpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount of the rollover contribution is considered basis in the Xxxx XXX. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Inherited IRA Xxxx XXX Owner). Please refer to the section of this document entitled “Inherited IRA.” Xxxx XXX”. Xxxx XXX-to-Employer Plan Rollovers Not Permitted. Distributions from your Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Conversions to Xxxx IRAs. Generally, you may convert all or a portion of your Traditional XXX (or SIMPLE XXX) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a conversion of a SIMPLE XXX distribution to a Xxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE XXX Plan maintained by the employer. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received, and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between IRAsyour Xxxx XXX. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterizing a Contribution/Conversion. You may “recharacterize” a contribution/conversion made to one type of XXX (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of XXX (Traditional or Xxxx XXX). Both the contribution/conversion amount and the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first XXX.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRAAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-SIMPLE IRA RolloverXxxx XXX Rollover (by Xxxx XXX Owner). An Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount distributed of the rollover contribution is considered basis in the Xxxx XXX. Employer Retirement Plan-to-Xxxx XXX Rollover (by Inherited Xxxx XXX Owner). Please refer to the section of this document entitled “Inherited Xxxx XXX”. Xxxx XXX-to-Employer Plan Rollovers Not Permitted. Distributions from your Traditional Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to your SIMPLE an IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained (including an Inherited IRA) by the employertax return deadline (not including extensions) for the year the assets are returned. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only The one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The per 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, limitation does not the date you complete the rollover transactionapply to such rollovers. Traditional IRA-to-Employer Retirement Plan RolloverConversions to Xxxx IRAs. If your employer’s retirement plan accepts rollovers from IRAsGenerally, you may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, and you must amounts converted are generally contribute treated as taxable distributions. However, the premature distribution within 60 days penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a Xxxx XXX. Required minimum distributions may not be converted. Conversions are not subject to the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transactionrestriction that typically applies to rollovers between IRAs. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that Xxxx XXX conversions may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planrecharacterized. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between IRAsyour Xxxx XXX. RECHARACTERIZATIONS

Rollovers. GenerallyA rollover IRA is an IRA established with retirement assets distributed from a qualified plan, 403(b) plan, or a 457(b) plan of a governmental employer. Eligible rollover distributions (including employee after-tax contributions) from qualified plans, 403(b) plans, and governmental 457(b) plans can be rolled over to an IRA. Distributions from other IRAs can also be rolled over to an IRA. However, after-tax contributions (including nondeductible contributions to an IRA) are not permitted to be rolled over from an IRA into a qualified plan, 403(b) plan, or governmental 457(b) plan. Rollovers or direct transfers from a SIMPLE IRA can be made to another SIMPLE IRA. However, rollovers or direct transfers from a SIMPLE IRA to an IRA can only be made after you have participated in the SIMPLE IRA for 2 years. If the rollover is a movement completed within 60 days of cash or assets from one retirement plan to another. Both the distribution and date on which you received the distribution, you will not be taxed on the amount of the rollover contribution until it is distributed to you. The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience such as in the event of a casualty, or other event beyond your reasonable control. In the absence of a waiver, amounts not rolled over within the 60-day period do not qualify for tax-free rollover treatment. You must treat them as a taxable distribution from either your IRA or your employer’s plan. These amounts are reportable when you file your taxable in the year distributed, even if the 60-day period expires in the next year. You may also have to pay a 10% additional income taxes, howevertax on premature distributions. Rollover contributions to an IRA are not deductible. Generally, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAmake a tax-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional free IRA to IRA rollover of any part of a distribution from a Traditional IRA, you must generally complete cannot, within a one-year period, make a tax-free IRA to IRA rollover of any later distribution from that same IRA. You also cannot make a tax-free IRA to IRA rollover of any amount distributed, within the rollover transaction within 60 days same one-year period, from the date IRA into which you receive made the tax-free IRA to IRA rollover. You may roll over a distribution from the distributing Traditional IRA. Only one an IRA distribution within any only once every 12-month period may be rolled over in an IRAperiod, regardless of the number of IRAs you own. You can, however, continue to make as many custodian-to-IRA rollover transaction. The 12-month waiting period begins on the date to- custodian transfers (direct transfers) between IRAs as you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRAwant.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing Traditional IRAdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRAAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-SIMPLE IRA RolloverXxxx XXX Rollover (by Xxxx XXX Owner). An Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly, or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount distributed of the rollover contribution is considered basis in the Xxxx XXX. Employer Retirement Plan-to-Xxxx XXX Rollover (by Inherited Xxxx XXX Owner). Please refer to the section of this document entitled “Inherited Xxxx XXX.” Xxxx XXX-to-Employer Plan Rollovers Not Permitted. Distributions from your Traditional Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to your SIMPLE an IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained (including an Inherited IRA) by the employertax return deadline (not including extensions) for the year the assets are returned. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only The one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The per 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, limitation does not the date you complete the rollover transactionapply to such rollovers. Traditional IRA-to-Employer Retirement Plan RolloverConversions to Xxxx IRAs. If your employer’s retirement plan accepts rollovers from IRAs, you You may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, and you must amounts converted are generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangementstreated as taxable distributions. Amounts that represent basis may only be converted as permitted under the Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a Xxxx XXX. Required minimum distributions (RMDs) may not be rolled over converted. All RMDs must be withdrawn as required under the Code and Regulations prior to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planconversion. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer Conversions are not subject to the section of this document entitled “Inherited IRA.” 12- month rollover restriction that typically applies to rollovers between IRAs. Xxxx XXX conversions may not be recharacterized. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be made until the due date for filing your returnrolled over, not including extensions. Conversion of Traditional IRA to tax-free into a Xxxx XXX. Generally, The amount you may convert all can roll over to your Xxxx XXX cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or a portion of your Traditional IRA another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except is disregarded for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between your Xxxx XXX. Rollover of Qualified Tuition Program Distribution. Beginning January 1, 2024, distributions from qualified tuition programs that meet the eligibility requirements in the Code, Regulations and other applicable guidance may be rolled over to your Xxxx XXX. Rollovers from qualified tuition programs are subject to annual Xxxx XXX contribution limit and are reduced by any other contributions you make for the tax year to any of your Xxxx and/or Traditional IRAs. RECHARACTERIZATIONSThe maximum lifetime limit that may be rolled over to your Xxxx IRAs from a qualified tuition program, in aggregate, is $35,000. Adjustments to lifetime limit amount may be authorized by the federal government. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or Xxxx XXX) and treat it as though it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. TRANSFERS Transfers. You may move your Xxxx XXX from one trustee, custodian, or issuer to a Xxxx XXX maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are must take a required to take minimum distributions because you are age 70½ or olderdistribution for the year, you may not roll over any the required minimum distributionsdistribution. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit profit-sharing plans), governmental 457(b) plans, the federal Thrift Savings Plan, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” ”. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to an IRA (including an Inherited IRA) by the tax return deadline (not including extensions) for the year the assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not apply to such rollovers. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are must take a required to take minimum distributions because you are age 70½ or olderdistribution (RMD) for the year, you may not roll over any the RMD. All RMDs must be withdrawn as required minimum distributionsunder the Code and Regulations prior to a rollover. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing Traditional IRAdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from your Traditional IRAdistribution. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute complete the distribution within 60 days from rollover transaction not later than the 60th day after the date on which you receive itreceived the distribution. Only one IRA distribution within any 12-12- month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly directly, or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit profit-sharing plans), governmental 457(b) plans, the federal Thrift Savings Plan, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or corrective distributions of excess contributions, excess deferrals, excess annual additions and any income allocable to the excess, certain deemed distributions related to defaulted loans, dividends on employer securities, the cost of life insurance coverage, and distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or governmental 457(b) plan, or the federal Thrift Savings Plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement IncomeWrongful IRS Xxxx. Certain income received as A wrongful IRS levy of assets from an Exxon Xxxxxx qualified settlement IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to a Traditional an IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced including an Inherited IRA) by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax yearsreturn deadline (not including extensions) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, assets are returned. The one IRA-to-IRA rollover per 12-month period limitation does not including extensionsapply to such rollovers. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, Amounts that represent basis may only be converted as permitted under the premature Code and/or Regulations. The early distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions (RMDs) may not be converted. All RMDs must be withdrawn as required under the Code and Regulations prior to a conversion. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSXxxx XXX conversions may not be recharacterized. RECHARACTERIZATIONS Recharacterize a Contribution. You may recharacterize a contribution made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it were made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution amount along with the net income attributable to the contribution must be transferred. If there was a loss, the amount of any loss will reduce the amount you transfer. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. You may not recharacterize a Xxxx XXX conversion. TRANSFERS Transfers. You may move your IRA from one trustee custodian, or issuer to an IRA maintained by another trustee, custodian, or issuer by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXxxx XXX-to-Traditional IRA Xxxx XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn into the same or another Traditional IRA Xxxx XXX as a rollover. When completing a rollover from a Traditional IRA Xxxx XXX to a Traditional IRAXxxx XXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXxxx XXX. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. Traditional IRAAmounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the Xxxx XXX and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-SIMPLE IRA RolloverXxxx XXX Rollover (by Xxxx XXX Owner). An Eligible rollover distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a designated Xxxx account in a 401(k), 403(b) or 457(b) plan, the entire amount distributed of the rollover contribution is considered basis in the Xxxx XXX. Employer Retirement Plan-to-Xxxx XXX Rollover (by Inherited Xxxx XXX Owner). Please refer to the section of this document entitled “Inherited Xxxx XXX”. Xxxx XXX-to-Employer Plan Rollovers Not Permitted. Distributions from your Traditional Xxxx XXX are not eligible for rollover to a designated Xxxx account in a 401(k), 403(b), or 457(b) plan. Rollover of Wrongful IRS Xxxx. A wrongful IRS levy of assets from an IRA (including an Inherited IRA) or an employer-sponsored retirement plan that are returned to the taxpayer may be rolled over to your SIMPLE an IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained (including an Inherited IRA) by the employertax return deadline (not including extensions) for the year the assets are returned. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. Only The one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The per 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, limitation does not the date you complete the rollover transactionapply to such rollovers. Traditional IRA-to-Employer Retirement Plan RolloverConversions to Xxxx IRAs. If your employer’s retirement plan accepts rollovers from IRAsGenerally, you may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. or SIMPLE IRA-to-Traditional IRA Rollover) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a rollover conversion of a SIMPLE IRA distribution to a Traditional IRAXxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, and you must amounts converted are generally contribute treated as taxable distributions. However, the premature distribution within 60 days penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a Xxxx XXX. Required minimum distributions may not be converted. Conversions are not subject to the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transactionrestriction that typically applies to rollovers between IRAs. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that Xxxx XXX conversions may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) planrecharacterized. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Valdez Settlement Income. Certain income received as an Exxon Xxxxxx Valdez qualified settlement may be rolled over to a Traditional IRA Xxxx XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA Qualified settlement income that is contributed to a Xxxx XXX provided you meet any applicable eligibility requirements is included in your taxable income for the year the qualified settlement income was received and treated as defined part of your cost basis (investment in the Code contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and Regulations. Except for amounts that represent basisSGLI payments may be rolled over, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to tax-free into a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-The amount you can roll over to your Xxxx XXX conversions are cannot subject exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover restriction must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that typically applies is not taxable when distributed. You can contribute (roll over) all or part of the amount received to rollovers between IRAsyour Xxxx XXX. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, Generally,,arolloverisamovementofcashorassetsfromoneretirementplantoanother.Boththedistributionandtherollovercontributionarereportablewhenyoufileyourincometaxes,however, if you roll over ,ifyourollover the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional YoumayuseyourIRAasaconduittotemporarilyholdamountsyoureceiveinaneligiblerolloverdistributionfromanemployer’sretirementplan.Shouldyoucombineoraddotheramounts(e.g.,regularcontributions)to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan to take advantage of special tax rules available for certain qualified plan distribution amounts. Consult your tax advisor for additional information. TraditionalIRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a TraditionalIRARollover.Youmaywithdraw,taxfree,xxxxx aportionofyourTraditionalIRAif youcontributetheamountwithdrawnintothesameor anotherTraditionalIRAasa rollover. .When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from rolloverfrom a Traditional IRA TraditionalIRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from daysfrom the date you dateyou receive the distribution from your Traditional IRA. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. CUSTODIAL AGREEMENT & DISCLOSURE STATEMENT notproperlyrolledoverwillgenerallybetaxableintheyeardistributed(exceptforanyamountthatrepresentsafter-taxcontributions)andmaybe,ifyouareunderage59½,subjecttothe prematuredistribution penaltytax.Ifyouchoosetheindirectrollovermethod,theplanadministratoristypicallyrequiredtowithhold20%oftheeligiblerolloverdistributionamountforpurposesoffederalincometax withholding.Xxxxxx, however,makeupthewithheldamountoutofpocketandrolloverthefullamount.Ifyoudonotmakeupthewithheldamountoutofpocket,the20%withheld(andnotrolledover)willbetreated as a distribution, subject to applicable taxes and penalties. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot RolloverofExxonValdezSettlementIncome.CertainincomereceivedasanExxonValdezqualifiedsettlementmayberolledovertoaTraditionalIRAoranothereligibleretirementplan.Theamountcontributedcannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSappliesto rolloversbetweenIRAs.

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are must take a required to take minimum distributions because you are age 70½ or olderdistribution (RMD) for the year, you may not roll over any the RMD. All RMDs must be withdrawn as required minimum distributionsunder the Code and Regulations prior to a rollover. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA‐to‐Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from the distributing Traditional IRAdistribution. Only one IRA distribution within any 12-month 12‐month period may be rolled over in an IRA-to-IRA IRA‐to‐IRA rollover transaction. The 12-month 12‐month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA‐to‐SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from not later than the 60th day after the date on which you receive received the distribution from your Traditional IRAdistribution. Only one IRA distribution within any 12-month 12‐month period may be rolled over in an IRA-to-IRA IRA‐to‐IRA rollover transaction. The 12-month 12‐month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRA-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

Rollovers. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA XXX or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRAXXX-to-Traditional IRA XXX Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA XXX if you contribute the amount withdrawn into the same or another Traditional IRA XXX as a rollover. When completing a rollover from a Traditional IRA XXX to a Traditional IRAXXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRAXXX. Only one IRA XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRAXXX-to-SIMPLE IRA XXX Rollover. An amount distributed from your Traditional IRA XXX may be rolled over to your SIMPLE IRA XXX only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA XXX Plan maintained by the employer. When completing a rollover from a Traditional IRA XXX to a SIMPLE IRAXXX, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRAXXX. Only one IRA XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX distribution that you subsequently roll over, not the date you complete the rollover transaction. Traditional IRAXXX-to-Employer Retirement Plan Rollover. If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA XXX into your employer retirement plan. If you take constructive receipt of a distribution from your Traditional IRA XXX to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRAXXX-to-Traditional IRA XXX Rollover. To complete a rollover of a SIMPLE IRA XXX distribution to a Traditional IRAXXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA XXX Plan maintained by the employer, and you must generally contribute the distribution within 60 days from the date you receive it. Only one IRA XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-Traditional IRA XXX Rollover (by Traditional IRA XXX Owner). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXXX. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA XXX include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of designated Xxxx contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA XXX Rollover (by Inherited IRA XXX Owner). Please refer to the section of this document entitled “Inherited IRA.” XXX”. Rollover of Exxon Xxxxxx Settlement Income. Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA XXX or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions. Conversion of Traditional IRA XXX to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA XXX to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA XXX to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRAXXX-to-Xxxx XXX conversions are not subject to the 12-12- month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONSRECHARACTERIZATIONS Recharacterize a Contribution/Conversion. You may "recharacterize" a contribution/conversion made to one type of XXX (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of XXX (Traditional or Xxxx XXX). Both the contribution/conversion amount along with the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first XXX. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. Reconversion. A reconversion occurs when you convert Traditional XXX assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days has elapsed since the recharacterization. TRANSFERS