Common use of Rollovers and Conversions Clause in Contracts

Rollovers and Conversions. Your ▇▇▇ may be rolled over to another ▇▇▇ of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your ▇▇▇ from another ▇▇▇, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional ▇▇▇ assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Appears in 7 contracts

Sources: Individual Ira or Sep Account Application & Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

Rollovers and Conversions. Your ▇▇▇ may be rolled over to another ▇▇▇ of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your ▇▇▇ from another ▇▇▇, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered tax‐sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional ▇▇▇ assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Appears in 4 contracts

Sources: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

Rollovers and Conversions. Your ▇▇▇ IRA may be rolled over to another ▇▇▇ IRA of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your ▇▇▇ IRA from another ▇▇▇IRA, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional ▇▇▇ IRA assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Appears in 3 contracts

Sources: Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Traditional and Roth Ira Plan Agreement & Disclosure

Rollovers and Conversions. Your ▇▇▇ IRA may be rolled over to another ▇▇▇ IRA of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your ▇▇▇ IRA from another ▇▇▇IRA, or from your employer’s qualified retirement retire- ment plan, 403(a) annuity, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional ▇▇▇ IRA assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Appears in 1 contract

Sources: Wealth Management Agreement

Rollovers and Conversions. Your ▇▇▇ may be rolled over to another an ▇▇▇ of yours, may receive rollover contributions, or and may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a tax-free movement of cash or other property to your ▇▇▇ from another ▇▇▇, or from your employer’s qualified retirement plan, 403(a) annuityannuity plan, 403(b) tax-tax- sheltered annuity, 457(b) eligible governmental deferred compensation plan, plan or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional ▇▇▇ assets to a ▇▇▇▇ ▇▇▇. A conversion is generally is a taxable event. The general rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Appears in 1 contract

Sources: Ira Plan Agreement

Rollovers and Conversions. Your ▇▇▇ IRA may be rolled over to another ▇▇▇ IRA of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your ▇▇▇ IRA from another ▇▇▇IRA, or from your employer’s 's qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional ▇▇▇ IRA assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.

Appears in 1 contract

Sources: Round Ira Client Agreements