Common use of Xxxx XXX-to-Xxxx XXX Transfers Clause in Contracts

Xxxx XXX-to-Xxxx XXX Transfers. You may transfer all or a portion of your Xxxx XXX assets from one Xxxx XXX to another Xxxx XXX. A Xxxx XXX transfer means that the Xxxx XXX assets move from one Xxxx XXX to another Xxxx XXX in a manner that prevents you from cashing the Xxxx XXX assets, or even depositing the assets anywhere except in the receiving Xxxx XXX. Transfers are not taxable or reportable, and the IRS does not impose timing or frequency * Subject to annual cost-of-living adjustments, if any. **An individual who is married, filing separately, and who lived apart from his/her spouse the entire year, can use the MAGI limit for a single filer to determine his/her contribution limit. restrictions on transfers. You may be required to complete a transfer authorization form prior to transferring your Xxxx XXX assets.