Common use of Rollovers and Transfers Clause in Contracts

Rollovers and Transfers. Your inherited Xxxx XXX may receive multiple rollover contributions from inherited qualified retirement plans, 403(a) annuity plans, 403(b) tax-sheltered annuity plans, or 457(b) governmental deferred compensation plans, or multiple transfers from inherited Xxxx IRAs. In order to combine these inherited retirement assets in the same inherited Xxxx XXX, you must have inherited the assets from the same owner and they must have been subject to the same beneficiary payment elections and calculation methods as under the receiving inherited Xxxx XXX. Rollover is a term used to describe a direct movement of cash or other property to your inherited Xxxx XXX from an eligible retirement plan that you have inherited as an eligible beneficiary. The rollover and transfer rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or transfer, please see a competent tax advisor.

Rollovers and Transfers. Your inherited Xxxx XXX may receive multiple rollover contributions from inherited qualified retirement plans, 403(a) annuity plans, 403(b) tax-sheltered tax‐sheltered annuity plans, or 457(b) governmental deferred compensation plans, or multiple transfers from inherited Xxxx IRAs. In order to combine these inherited retirement assets in the same inherited Xxxx XXX, you must have inherited the assets from the same owner and they must have been subject to the same beneficiary payment elections and calculation methods as under the receiving inherited Xxxx XXX. Rollover is a term used to describe a direct movement of cash or other property to your inherited Xxxx XXX from an eligible retirement plan that you have inherited as an eligible beneficiary. The rollover and transfer rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or transfer, please see a competent tax advisor.