Rollover Withdrawal definition

Rollover Withdrawal means the same as that term is defined under Section 529 of the Code. In general, this means a withdrawal from the Account for the purpose of contribution to another Qualified Tuition Program, Qualified ABLE Program, or as otherwise authorized by Section 529 of the Code. The two conditions for this withdrawal not being treated as a Non-Qualified Withdrawal are: (1) the funds are transferred to a qualified program within 60 days of such distribution; and (2) the transfer occurs at least 12 months from the date of a Rollover Contribution to the Program for the benefit of the Beneficiary.
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Rollover Withdrawal means a withdrawal from the Account for the purpose of contribution to another Qualified Tuition Program, as authorized by Section 529 of the Code. The two conditions for this withdrawal not being treated as a Non-Qualified Withdrawal are: (1) the funds are transferred to another Qualified Tuition Program within 60 days of such distribution; and (2) the transfer occurs at least 12 months from the date of a Rollover Contribution to the Program for the benefit of the Beneficiary.
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Rollover Withdrawal means the same as that term is defined under Section 529 of the Code. [Current language or guidance may be inserted as applicable.]
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Examples of Rollover Withdrawal in a sentence

  • A Rollover Withdrawal may be made for the benefit of the Beneficiary.

  • Benefit Options (Please tick your preferred option below) Rollover Withdrawal Retirement Note: If you are considering withdrawing your benefit from SuperTrace due to Permanent Incapacity, Compassionate Grounds, Severe Financial Hardship or are claiming a benefit on behalf of a deceased member or acting under Power of Attorney on behalf of a Member please contact one of our Customer Service Representatives on 1300 788 750 to obtain the relevant forms.

  • If the Depositor’s Automatic Roll-over/ Withdrawal Instruction is not filled-out and signed by the depositor at the time of issuance or at any time during the term of the deposit, the Coop shall automatically roll-over the proceeds for 30 days at prevailing interest rate, and every 30 days thereafter for a period which in no case shall exceed two (2) years from opening of the time deposit account (“final maturity date”), unless terminated by the depositor.

  • For the 2019 taxable year, the total annual Contributions to an Account, excluding amounts received in a Qualified Rollover Withdrawal or Program–to– Program Transfer, must not exceed fifteen thousand dollars ($15,000); and the lifetime Contribution limitation for ABLE TN is set at three hundred fifty thousand dollars ($350,000).


More Definitions of Rollover Withdrawal

Rollover Withdrawal means a withdrawal from the Account for the purpose of contribution to another Qualified Tuition Program, as authorized by Section 529 of the Code. The two conditions for this withdrawal not being treated as a Non-Qualified Withdrawal are: (1) the funds are transferred to
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Related to Rollover Withdrawal

  • Qualified withdrawal means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.

  • Rollover means the renewal of all or any part of any LIBOR Rate Loan upon the expiration of the Interest Period with respect thereto, pursuant to Section 2.3.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Suspension/Withdrawal Event means, in respect of the Benchmark:

  • Power of withdrawal means a presently exercisable general power of appointment other than a power: