Your Investment Options Sample Clauses

Your Investment Options. Your Investment Options (page 29) In this section, you will find information about your Investment Options, including a discussion of the Age-Based Investment Option, the Asset Allocation Investment Option and the Individual Portfolio Investment Option. • You can choose the Age-Based Option, which automatically moves your assets to progressively more conservative Portfolios as your Beneficiary approaches college age. • You can choose from among the six Asset Allocation Portfolios that invest in asset allocations based on your risk tolerance. • You can choose from among sixteen Individual Portfolios that allow you to build or customize your own asset allocation model. You should consider the information carefully before choosing to invest in one or more of these Investment Options. You may change your Investment Options for balances currently in your Advisor-Guided Plan Account up to two times per calendar year or if you change your Beneficiary. You can apply new contributions to your existing Portfolio selections or to new Portfolios. Important Tax Information (page 40) This section summarizes some of the federal and New York State tax consequences of investing in the Advisor-Guided Plan. However, this is not an exhaustive discussion and is not intended as individual tax advice. Plan Governance (page 44) The section summarizes the administration of the Advisor-Guided Plan. • The Trust—a statutory trust created by the New York State Legislature specifically for the purpose of holding and investing the Program’s assets. • The Program—The New York State College Choice Tuition Savings Program, which consists of the Direct Plan and the Advisor-Guided Plan. • Program Administrators—The Comptroller and HESC. • Program Manager—Ascensus Broker Dealer Services, LLC. • Investment Manager—X.X. Xxxxxx Investment Management Inc. (JPMIM). • Custodian—The Bank of New York Mellon. The Advisor-Guided Plan Privacy Policy (page 46) This section contains information about which parties may request your personal information, who is responsible for maintaining that information, and how the Advisor-Guided Plan will use your personal information. Protections and Limitations (page 47) In this section you will learn about the rights and obligations associated with your Account, considerations related to changes in your Account, and state and federal laws. Glossary (Page 48) This section provides definitions of terms contained in this Disclosure Booklet. Note that terms defined in th...
Sample 1
AutoNDA by SimpleDocs
Your Investment Options. Pricing of Portfolio Units and Trade Date Policies.) During periods of market volatility and at year-end, withdrawal requests may take up to five business days to process. Certain Contributions will not be available for withdrawal for seven business days. Withdrawals will be held for nine business days following the change of mailing address if the Account Owner requests that the proceeds are to be sent by check to the new address. The nine-day hold does not apply to checks sent directly to the Eligible Educational Institution. Withdrawals by ACH will not be available for 15 calendar days after bank information has been added or edited. A New York Qualified Withdrawal can be paid by check to the Account Owner or Beneficiary, via ACH to the Account Owner or by check directly to an Eligible Educational Institution. We will pay the proceeds of a Federal or New York Non-Qualified Withdrawal and withdrawals due to the death or Disability of, or receipt of a Qualified Scholarship or attendance at a Military Academy by, a Beneficiary only by check or ACH payable to the Account Owner. Please allow 7–10 business days from the date your withdrawal is processed for your distributions to reach you, the Beneficiary, or the Eligible Educational Institution, as applicable. In keeping with HESC’s mission to help students pay for college, you may also request that HESC transfer your New York Qualified Withdrawal to your Beneficiary’s Eligible Educational Institution. If you request that HESC transfer the withdrawal, we will transfer funds to HESC, and HESC, in turn, will transfer the withdrawal to the applicable Eligible Educational Institution. Please allow two to three weeks for this process. When making a withdrawal from an Account whose assets are invested in more than one Portfolio, you must select the Portfolio(s) from which your funds are to be withdrawn. If you do not designate a particular Investment Option or Options, the withdrawal will be taken proportionately from each of your existing Investment Options. Although we will report the earnings portion of all withdrawals as required by applicable federal and state tax law, it is solely the responsibility of the person receiving the withdrawal to calculate and report any resulting tax liability. Types of Withdrawals Proceeds from your Account may be used to pay for Qualified Higher Education Expenses including tuition, fees, books, and reasonable room and board expenses. Withdrawals are classified by the IRS and t...
Sample 1
Your Investment Options. This, in turn, may affect the performance of the Portfolios, and the ability of the Portfolios to achieve their investment objectives. Under New York State law, the Comptroller and HESC must solicit competitive bids for a new Program Manager whose appointment would be effective at the scheduled termination of the current Management Agreement with Ascensus Broker Dealer Services, LLC, in May 2023. In certain circumstances Ascensus may cease to be the Program Manager, or JPMIM may cease to be the Investment Manager, before the scheduled termination date—e.g., due to a material breach of the Management Agreement by Ascensus.
Sample 1
Your Investment Options. ‌ In this Section, you will find information about your Investment Options, including a discussion of the Age-Based Option, the Asset Allocation Investment Option, and the Individual Portfolio Investment Option. You should consider the information carefully before choosing to invest in one or more of these Investment Options. Information related to each Portfolio’s strategy and risks discussed in this Section and Appendix A: Underlying Funds have been provided by JPMIM or SSGA Funds Management, Inc. and has not been independently verified by the Program Administrators, who make no representation as to the information’s accuracy or completeness.
Sample 1
Your Investment Options. Pricing of Portfolio Units and Trade Date Policies. Contributions to your Account by a third party are generally not deductible from New York State taxable income by you or the third party. Also, contributions are not includable in computing the New York State taxable income of your Beneficiary for New York State personal income tax purposes. Please contact the DTF to see if the contribution qualifies for a deduction.
Sample 1

Related to Your Investment Options

  • Investment Options You may direct the investment of your funds within this IRA into any investment instrument offered by or through the Custodian. The Custodian will not exercise any investment discretion regarding your IRA, as this is solely your responsibility. FEES There are certain fees and charges connected with your IRA investments. These fees and charges may include the following. • Sales Commissions • Set Up Fees • Investment Management Fees • Annual Maintenance Fees • Distribution Fees • Surrender or Termination Fees To find out what fees apply, refer to the investment prospectus or contract. There may be certain fees and charges connected with the IRA itself. (Select and complete as applicable.) Annual Custodial Service Fee* $ No Charge Overnight Distribution $ 16.50 Wire Fee $ 12.50 Transfer Out Fee $ The greater of $100.00 or $25.00 per position Other (Explain) We reserve the right to change any of the above fees after notice to you, as provided in your IRA agreement. *The annual custodial fee will be borne by your Investment Advisor.

  • Retirement Options The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

  • Full-Time Equivalent (FTE) and Employer Contributions a) The FTE used to determine the Board’s benefits contributions will be based on the average of the Board’s FTE as of October 31st and March 31st of each year.

  • Benefit Options Employees must elect a plan administrator and primary care clinic. Those elections will determine the Benefit Level through Advantage. Enrolled dependents must elect a primary care clinic that is available through the plan administrator chosen by the employee.

  • Nonqualified Distributions If you do not meet the requirements for a qualified distribution, any earnings you withdraw from your Xxxx XXX will be included in your gross income and, if you are under age 59½, may be subject to an early distribution penalty tax. However, when you take a distribution, the amounts you contributed annually to any Xxxx XXX and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Xxxx XXX, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Xxxx XXX on a first-in, first-out basis. Therefore, your nonqualified distributions will not be taxable to you until your withdrawals exceed the amount of your annual contributions, military death gratuity or SGLI payments and your conversions and employer-sponsored retirement plan rollovers.

  • Pay Options 16.1 All wages due shall be paid weekly directly into an employee’s nominated bank account.

  • Rollover Contributions 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 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. IRA-to-IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another 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 date 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-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. If you roll over the entire amount of an 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 amount that represents basis) and may be, if you are under age 59½, subject to the premature distribution penalty tax. 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 Xxxx 401(k) or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRA, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRA, 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. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, if you are under age 59½, subject to the premature distribution penalty tax. If you choose the indirect rollover method, the plan administrator is typically required to withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, however, make up the withheld amount out of pocket and roll over the full amount. If you do not make up the withheld amount out of pocket, the 20% withheld (and not rolled over) will be treated as a distribution, subject to applicable taxes and penalties. Conduit IRA: You may use your IRA as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s retirement plan. Should you combine or add other amounts (e.g., regular contributions) 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. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited Traditional IRA Owner): Please refer to the section of this document entitled “Inherited IRA”. 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 are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. 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 Contributions and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.

  • Exercise of Options (a) The Option shall be exercised in accordance with the provisions of the Plan. As soon as practicable after the receipt of notice of exercise and payment of the Exercise Price as provided for in the Plan, the Company shall tender to the Optionee a certificate issued in the Optionee’s name evidencing the number of Option Shares covered thereby.

Time is Money Join Law Insider Premium to draft better contracts faster.