Common use of Rollover Contributions Clause in Contracts

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IRA-to-IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rollover.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. Generally, a A rollover is a movement tax-free distribution of cash or other assets from one retirement plan program to another. If There are two kinds of rollover contributions to an IRA. Xx one, you are required contribute amounts distributed to take minimum distributions because you are age 70½ from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or older403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over any required minimum distributions. Both the distribution and directly from the rollover contribution are reportable when plan to the IRA. Xx you file your income taxes. You elect, instead, to receive the distribution, you must irrevocably elect to treat such contributions as rollovers. IRA-to-deposit it into the IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within xxxhin 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 after you receive it. Only one IRA An "eligible rollover distribution" is any distribution within any 12-month period may from a qualified plan that would be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA taxable other than (1) a 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 is one of a series of substantially equal periodic paymentspayments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or distributions consisting of Xxxx 401(k) former employer's qualified plan or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRAplan, 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 later roll over the full amountIRA xx a new employer's plan if such plan permits rollovers. 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 Your IRA xxxld then serve as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s retirement planfor those assets. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRAHowever, you may lose later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the ability to subsequently roll these IRA xxxlover 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 with existing 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 extensionsxxxets.

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. IRAXXX-to-IRA XXX Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA XXX as a rollover. To complete a rollover of a SIMPLE IRA XXX distribution to your Traditional IRAXXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA XXX plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX 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 XXX 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 XXX Rollover (by Traditional IRA XXX Owner): Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXXX. 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 XXX 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 IRAXXX, you must generally instruct the plan administrator to send the distribution to your Traditional IRA XXX Custodian. To complete an indirect rollover to your Traditional IRAXXX, 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 IRAXXX: You may use your IRA XXX 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 IRAXXX, 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 XXX Rollover (by Inherited Traditional IRA XXX Owner): Please refer to the section of this document entitled “Inherited IRAXXX”. Traditional IRAXXX-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 XXX 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 XXX 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. 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: XXX Xxxxxxxx. 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 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 IRArollover, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRArollover, 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 '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 '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. Conversion of Traditional IRA to Xxxx XXX. Generally, you may convert all or a portion of your Traditional IRA to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA to a Xxxx XXX. Required minimum distributions may not be converted. Traditional IRA-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. 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.. RECHARACTERIZATIONS Recharacterize a Contribution/Conversion. You may "recharacterize" a contribution/conversion made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution/conversion amount along with the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. Reconversion. A reconversion occurs when you convert IRA assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days has elapsed since the recharacterization. TRANSFERS

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: XXX Xxxxxxxx. You may withdraw, tax free, all or a portion part of the amounts in your Traditional IRA if you contribute the amount withdrawn reinvest those amounts within 60 days from the date you receive the distribution into the same or another Traditional IRA. You may only roll over one distribution from each 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 transactionevery 12 months. The 12-month waiting period begins on the date you receive an the IRA distribution that you subsequently roll overdistribution, not on the date you complete roll it over into an IRA. In addition, the rollover transactionamounts rolled to a subsequent IRA may not be rolled over again until 12 months has elapsed. If you roll over complete a rollover of the entire amount of an IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive)into your IRA, you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period or any amount you keep will generally be taxable in the year distributed (except for any amount part that represents basisis a return of nondeductible contributions) and may bebe subject to the 10% premature distribution penalty tax if you are under age 59 ½ (and do not qualify for an exception). SIMPLE IRA to Traditional IRA Rollover. To complete a rollover of your SIMPLE IRA to your Traditional IRA, at least two years must have elapsed from your initial SIMPLE IRA contribution. The two-year waiting period begins on the first day you participated in your employer's SIMPLE IRA plan. If the two-year period has elapsed, you may withdraw, tax free, all or part of the amounts in your SIMPLE IRA if you reinvest those amounts within 60 days into your IRA. You may only roll over one distribution from each SIMPLE IRA every 12 months. The 12-month waiting period begins on the date you receive the SIMPLE IRA distribution, not on the date you roll it over into an IRA. In addition, the amounts rolled to a Traditional IRA may not be rolled over again until 12 months has elapsed. If you complete a rollover of the entire distribution into your IRA, you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period or any amount you keep will generally be taxable in the year distributed. Further, if you are under age 59½59½ and do not qualify for an exception, such amounts are subject to the 10% premature distribution penalty taxtax (or a 25% penalty tax if the distribution is within two years of your initial SIMPLE IRA contribution). Employer Retirement Plan-to-Traditional Plan to IRA Rollover (by Traditional IRA Owner): ). Eligible rollover distributions from qualifying employer retirement plans plan(s) 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 IRArollover, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRArollover, you must generally request that the plan administrator make a distribution directly to distribute your plan balance to you. You typically then have 60 days from the date you receive an eligible rollover the distribution to complete an indirect the rollover. Any amount not properly rolled over within Note, however, the 60-day period will IRS generally be taxable in requires the year distributed (except plan administrator to withhold 20% for any amount that represents after-federal income tax contributions) and may be, withholding purposes 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 20% withholding 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 holding account (conduit) for amounts you receive in an eligible rollover distribution from an one employer’s 's retirement plan that you later roll over into a new employer's retirement plan. The conduit IRA must be made up of only those amounts and earnings on those amounts. Should you combine or add other amounts (amounts, e.g., regular contributions) , to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan not be able 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 Plan to IRA Rollover (by Inherited Traditional IRA Owner): ). Please refer to the section of this document entitled “Inherited IRA”” of this document. Traditional IRA-to-Employer XXX Xxxxxxxx to Employer's Retirement Plan Rollover: Plan. If your employer’s 's retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA. Conversion of IRA into your employer retirement planto Xxxx XXX. If you are required to take minimum distributions because you are age 70½ or olderGenerally, you may not roll over any required minimum distributions. Rollover convert all or part of Exxon Xxxxxx Settlement Income: Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over your IRA to a Xxxx XXX provided you meet current eligibility requirements as defined in the Code and Regulations. Amounts converted are treated as taxable distributions (unless any amounts represent nondeductible contributions). However, if you are under age 59½ and completing an eligible conversion, the premature distribution penalty tax does not apply. Required minimum distributions may not be converted. RECHARACTERIZATIONS Recharacterize a Contribution/Conversion. You may "recharacterize" a contribution/conversion made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of IRA (Traditional or another eligible retirement planXxxx XXX). The Both the contribution/conversion amount contributed cannot exceed along with the lesser of $100,000 (reduced by net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or loss will reduce the amount of qualified settlement income received during the you recharacterize. The deadline for completing a recharacterization is your tax year. Contributions return due date (including any extensions) for the year can for which the contribution/conversion was made to the first IRA. Recharacterization requests must be made until in a form and manner acceptable to the due date for filing Custodian. Report recharacterizations to the IRS by attaching a statement to your returnForm 1040. You may also need to file Form 8606. Reconversion. A reconversion occurs when you convert IRA assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, not including extensions.or if later, after 30 days has elapsed since the recharacterization. TRANSFERS

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. IRAXxxx XXX-to-IRA Xxxx XXX Rollover: . You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA Xxxx XXX 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 Amounts withdrawn (including any amount amounts withheld for federal, state, or other income taxes that you did not receive), you do ) that are not have to report the distribution as taxable income. Any amount not properly rolled over within will be treated as a distribution from the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) Xxxx XXX and may be, if you are under age 59½, be subject to the premature tax and/or early distribution penalty taxpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner): ). Eligible rollover distributions consisting of Xxxx 401(k), Xxxx 403(b), or Xxxx 457(b) assets may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b) to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b), the entire amount of the rollover contribution is considered basis in the Xxxx XXX. Required minimum distributions may not be rolled over. Eligible rollover distributions consisting of pre-tax and after-tax assets from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXxxx XXX, if you meet applicable eligibility requirements defined in the Internal Revenue Code or regulations. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a Xxxx XXX (other than amounts distributed from a designated Xxxx account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after-tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your Xxxx XXX. Required minimum distributions 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) assetsover. To complete a direct rollover rollover, from an employer plan to your Traditional IRAXxxx XXX, you must generally instruct the plan administrator to send the distribution directly to your Traditional IRA Xxxx XXX Custodian. To complete an indirect rollover to your Traditional IRAXxxx XXX, 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 Xxxx XXX Rollover (by Inherited Traditional IRA Xxxx XXX Owner): ). Please refer to the section of this document entitled “Inherited IRAXxxx XXX”. Traditional IRAXxxx XXX-to-Employer Retirement Plan Rollover: If Rollovers Not Permitted. Distributions from your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect Xxxx XXX are not eligible for 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 designated Xxxx account in a Xxxx 401(k) plan, Xxxx 403(b) plan, or another eligible retirement Xxxx 457(b) 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. 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. IRAXxxx XXX-to-IRA Xxxx XXX Rollover: . You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA Xxxx XXX 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 XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX 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 Amounts withdrawn (including any amount amounts withheld for federal, state, or other income taxes that you did not receive), you do ) that are not have to report the distribution as taxable income. Any amount not properly rolled over within will be treated as a distribution from the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) Xxxx XXX and may be, if you are under age 59½, be subject to the premature tax and/or early distribution penalty taxpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner): ). Eligible rollover distributions consisting of Xxxx 401(k), Xxxx 403(b), or Xxxx 457(b) assets may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b) to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b), the entire amount of the rollover contribution is considered basis in the Xxxx XXX. Required minimum distributions may not be rolled over. Eligible rollover distributions consisting of pre-tax and after-tax assets from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXxxx XXX, if you meet applicable eligibility requirements defined in the Internal Revenue Code or regulations. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a Xxxx XXX (other than amounts distributed from a designated Xxxx account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after-tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your Xxxx XXX. Required minimum distributions 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) assetsover. To complete a direct rollover rollover, from an employer plan to your Traditional IRAXxxx XXX, you must generally instruct the plan administrator to send the distribution directly to your Traditional IRA Xxxx XXX Custodian. To complete an indirect rollover to your Traditional IRAXxxx XXX, 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 Xxxx XXX Rollover (by Inherited Traditional IRA Xxxx XXX Owner): ). Please refer to the section of this document entitled “Inherited IRAXxxx XXX”. Traditional IRAXxxx XXX-to-Employer Retirement Plan Rollover: If Rollovers Not Permitted. Distributions from your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect Xxxx XXX are not eligible for 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 designated Xxxx account in a Xxxx 401(k) plan, Xxxx 403(b) plan, or another eligible retirement Xxxx 457(b) 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. 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. IRAXXX-to-IRA XXX Rollover: . You may withdraw, tax free, all or a portion part of the amounts in your Traditional IRA XXX if you contribute the amount withdrawn reinvest those amounts within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rolloverXXX. To complete a rollover of a SIMPLE IRA You may only roll over one 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 transactioneach XXX every 12 months. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll overthe XXX distribution, not on the date you complete roll it over into an XXX. In addition, the rollover transactionamounts rolled to a subsequent XXX may not be rolled over again until 12 months has elapsed. If you roll over complete a rollover of the entire amount of an IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive)into your XXX, you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period or any amount you keep will generally be taxable in the year distributed (except for any amount part that represents basisis a return of nondeductible contributions) and may bebe subject to the 10% premature distribution penalty tax if you are under age 59 ½ (and do not qualify for an exception). SIMPLE XXX to Traditional XXX Rollover. To complete a rollover of your SIMPLE XXX to your Traditional XXX, at least two years must have elapsed from your initial SIMPLE XXX contribution. The two-year waiting period begins on the first day you participated in your employer's SIMPLE XXX plan. If the two-year period has elapsed, you may withdraw, tax free, all or part of the amounts in your SIMPLE XXX if you reinvest those amounts within 60 days into your XXX. You may only roll over one distribution from each SIMPLE XXX every 12 months. The 12-month waiting period begins on the date you receive the SIMPLE XXX distribution, not on the date you roll it over into an XXX. In addition, the amounts rolled to a Traditional XXX may not be rolled over again until 12 months has elapsed. If you complete a rollover of the entire distribution into your XXX, you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period or any amount you keep will generally be taxable in the year distributed. Further, if you are under age 59½59½ and do not qualify for an exception, such amounts are subject to the 10% premature distribution penalty taxtax (or a 25% penalty tax if the distribution is within two years of your initial SIMPLE XXX contribution). Employer Retirement Plan-to-Traditional IRA Plan to XXX Rollover (by Traditional IRA XXX Owner): ). Eligible rollover distributions from qualifying employer retirement plans plan(s) may be rolled over, directly or indirectly, to your Traditional IRAXXX. 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 IRArollover, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRArollover, you must generally request that the plan administrator make a distribution directly to distribute your plan balance to you. You typically then have 60 days from the date you receive an eligible rollover the distribution to complete an indirect the rollover. Any amount not properly rolled over within Note, however, the 60-day period will IRS generally be taxable in requires the year distributed (except plan administrator to withhold 20% for any amount that represents after-federal income tax contributions) and may be, withholding purposes 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 20% withholding 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: XXX. You may use your IRA XXX as a conduit to temporarily hold holding account (conduit) for amounts you receive in an eligible rollover distribution from an one employer’s 's retirement plan that you later roll over into a new employer's retirement plan. The conduit XXX must be made up of only those amounts and earnings on those amounts. Should you combine or add other amounts (amounts, e.g., regular contributions) , to your conduit IRAXXX, you may lose the ability to subsequently roll these funds into another employer plan not be able 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 Plan to XXX Rollover (by Inherited Traditional IRA XXX Owner): ). Please refer to the section of this document entitled “Inherited IRA”XXX” of this document. Traditional IRA-to-Employer XXX Rollover to Employer's Retirement Plan Rollover: Plan. If your employer’s '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 planXXX. If you are required Conversion of XXX to take minimum distributions because you are age 70½ or olderXxxx XXX. Generally, you may not roll over any required minimum distributions. Rollover convert all or part of Exxon Xxxxxx Settlement Income: Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over your XXX to a Xxxx XXX provided you meet current eligibility requirements as defined in the Code and Regulations. Amounts converted are treated as taxable distributions (unless any amounts represent nondeductible contributions). However, if you are under age 59½ and completing an eligible conversion, the premature distribution penalty tax does not apply. Required minimum distributions may not be converted. RECHARACTERIZATIONS Recharacterize a Contribution/Conversion. You may "recharacterize" a contribution/conversion made to one type of XXX (either Traditional IRA or another eligible retirement planXxxx XXX) and treat it as if it was made to a different type of XXX (Traditional or Xxxx XXX). The Both the contribution/conversion amount contributed cannot exceed along with the lesser of $100,000 (reduced by net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or loss will reduce the amount of qualified settlement income received during the you recharacterize. The deadline for completing a recharacterization is your tax year. Contributions return due date (including any extensions) for the year can for which the contribution/conversion was made to the first XXX. Recharacterization requests must be made until in a form and manner acceptable to the due date for filing Custodian. Report recharacterizations to the IRS by attaching a statement to your returnForm 1040. You may also need to file Form 8606. Reconversion. A reconversion occurs when you convert XXX assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, not including extensions.or if later, after 30 days has elapsed since the recharacterization. TRANSFERS

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. IRAXXX-to-IRA XXX Rollover: . You may withdraw, tax free, all or a portion of your Traditional IRA XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA XXX as a rollover. To complete a rollover of a SIMPLE IRA XXX distribution to your Traditional IRAXXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA plan XXX Plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX 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 XXX 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 XXX Rollover (by Traditional IRA XXX Owner): ). Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXXX. 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 XXX 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 IRArollover, you must generally instruct the plan administrator to send the distribution to your Traditional IRA XXX Custodian. To complete an indirect rollover to your Traditional IRArollover, 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: XXX. You may use your IRA XXX as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s 's retirement plan. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRAXXX, 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 XXX Rollover (by Inherited Traditional IRA XXX Owner): ). Please refer to the section of this document entitled “Inherited IRAXXX”. Traditional IRAXXX-to-Employer Retirement Plan Rollover: . If your employer’s 's retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA XXX 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. Conversion of Traditional XXX to Xxxx XXX. Generally, you may convert all or a portion of your Traditional XXX to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional XXX to a Xxxx XXX. Required minimum distributions may not be converted. Traditional XXX-to-Xxxx XXX conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon Xxxxxx Settlement Income: . Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA XXX 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.. RECHARACTERIZATIONS Recharacterize a Contribution/Conversion. You may "recharacterize" a contribution/conversion made to one type of XXX (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of XXX (Traditional or Xxxx XXX). Both the contribution/conversion amount along with the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first XXX. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606. Reconversion. A reconversion occurs when you convert XXX assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days has elapsed since the recharacterization. TRANSFERS

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. IRAXxxx XXX-to-IRA Xxxx XXX Rollover: . You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA Xxxx XXX 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 XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX rollover transaction. The 12-month waiting period begins on the date you receive an IRA XXX 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 Amounts withdrawn (including any amount amounts withheld for federal, state, or other income taxes that you did not receive), you do ) that are not have to report the distribution as taxable income. Any amount not properly rolled over within will be treated as a distribution from the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) Xxxx XXX and may be, if you are under age 59½, be subject to the premature tax and/or early distribution penalty taxpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner): ). Eligible rollover distributions consisting of Xxxx 401(k), Xxxx 403(b), or Xxxx 457(b) assets may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b) to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b), the entire amount of the rollover contribution is considered basis in the Xxxx XXX. Eligible rollover distributions consisting of pre-tax and after-tax assets from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXxxx XXX, if you meet applicable eligibility requirements. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a Xxxx XXX (other than amounts distributed from a designated Xxxx account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after-tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your Xxxx XXX. Required minimum distributions 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) assetsover. To complete a direct rollover rollover, from an employer plan to your Traditional IRAXxxx XXX, you must generally instruct the plan administrator to send the distribution directly to your Traditional IRA Xxxx XXX Custodian. To complete an indirect rollover to your Traditional IRAXxxx XXX, 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 Xxxx XXX Rollover (by Inherited Traditional IRA Xxxx XXX Owner): ). Please refer to the section of this document entitled “Inherited IRAXxxx XXX”. Traditional IRAXxxx XXX-to-Employer Retirement Plan Rollover: If Rollovers Not Permitted. Distributions from your employer’s retirement plan accepts rollovers from Xxxx XXX are not eligible for rollover to a designated Xxxx account in a Xxxx 401(k) plan, Xxxx 403(b) plan, or Xxxx 457(b) plan. Conversions to Xxxx IRAs. Generally, you may convert all or a portion of your Traditional XXX (or SIMPLE XXX) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. To complete a direct conversion of a SIMPLE XXX distribution to a Xxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE XXX Plan maintained by the employer. Except for amounts that represent basis, amounts converted are generally treated as taxable distributions. However, the premature distribution penalty that typically applies to taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional XXX (or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement planSIMPLE XXX) to a Xxxx XXX. If you are required to take Required minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributionsbe converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon Xxxxxx Settlement Income: . Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX 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.. Qualified settlement income that is contributed to a Xxxx XXX is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the Xxxx XXX that is not taxable when distributed. RECHARACTERIZATIONS

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. IRAXxxx XXX-to-IRA Xxxx XXX Rollover: . You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA Xxxx XXX 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 Amounts withdrawn (including any amount amounts withheld for federal, state, or other income taxes that you did not receive), you do ) that are not have to report the distribution as taxable income. Any amount not properly rolled over within will be treated as a distribution from the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) Xxxx XXX and may be, if you are under age 59½, be subject to the premature tax and/or early distribution penalty taxpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner): ). Eligible rollover distributions consisting of Xxxx 401(k), Xxxx 403(b), or Xxxx 457(b) assets may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b) to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b), the entire amount of the rollover contribution is considered basis in the Xxxx XXX. Eligible rollover distributions consisting of pre-tax and after-tax assets from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXxxx XXX, if you meet applicable eligibility requirements. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a Xxxx XXX (other than amounts distributed from a designated Xxxx account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after-tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your Xxxx XXX. Required minimum distributions 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) assetsover. To complete a direct rollover rollover, from an employer plan to your Traditional IRAXxxx XXX, you must generally instruct the plan administrator to send the distribution directly to your Traditional IRA Xxxx XXX Custodian. To complete an indirect rollover to your Traditional IRAXxxx XXX, 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 Xxxx XXX Rollover (by Inherited Traditional IRA Xxxx XXX Owner): ). Please refer to the section of this document entitled “Inherited IRAXxxx XXX”. Traditional IRAXxxx XXX-to-Employer Retirement Plan Rollover: If Rollovers Not Permitted. Distributions from your employer’s retirement plan accepts rollovers from Xxxx XXX are not eligible for rollover to a designated Xxxx account in a Xxxx 401(k) plan, Xxxx 403(b) plan, or Xxxx 457(b) plan. Conversions to Xxxx IRAs. Generally, you may complete convert all or a direct or indirect rollover portion of your pre-tax assets in your Traditional IRA into your employer retirement plan(or SIMPLE IRA) to a Xxxx XXX provided you meet any applicable eligibility requirements as defined in the Code and Regulations. If To complete a conversion of a SIMPLE IRA distribution to a Xxxx XXX, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. Except for amounts that represent basis, amounts converted are required generally treated as taxable distributions. However, the premature distribution penalty that typically applies to take taxable withdrawals taken prior to age 59½, does not apply to amounts converted from a Traditional IRA (or SIMPLE IRA) to a Xxxx XXX. Required minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributionsbe converted. Conversions are not subject to the 12 month rollover restriction that typically applies to rollovers between IRAs. Rollover of Exxon Xxxxxx Settlement Income: . Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA Xxxx XXX 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. Qualified settlement income that is contributed to a Xxxx XXX is included in your taxable income for the year the qualified settlement income was received, and treated as part of your cost basis (investment in the contract) in the Xxxx XXX that is not taxable when distributed. Rollover of Military Death Gratuity or SGLI (Servicemembers’ Group Life Insurance) Program. Eligible death payments including military death gratuities and SGLI payments may be rolled over, tax-free into a Xxxx XXX. The amount you can roll over to your Xxxx XXX cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a Xxxxxxxxx ESA or another Xxxx XXX. Any military death gratuity or SGLI payment contributed to a Xxxx XXX is disregarded for purposes of the 12-month waiting period between rollovers. The rollover must be completed within one year of the date on which the payment is received. The amount contributed to your Xxxx XXX is treated as part of your cost basis (investment in the contract) in the Xxxx XXX that is not taxable when distributed. You can contribute (roll over) all or part of the amount received to your Xxxx XXX. RECHARACTERIZATIONS Recharacterizing a Contribution/Conversion. You may “recharacterize” a contribution/conversion made to one type of IRA (either Traditional or Xxxx XXX) and treat it as if it was made to a different type of IRA (Traditional or Xxxx XXX). Both the contribution/conversion amount and the net income attributable to the contribution/conversion must be transferred. If there was a loss, the amount of any loss will reduce the amount you recharacterize. The deadline for completing a recharacterization is your tax return due date (including any extensions) for the year for which the contribution/conversion was made to the first IRA. Recharacterization requests must be made in a form and manner acceptable to the Custodian. Report recharacterizations to the IRS by attaching a statement to your Form 1040. You may also need to file Form 8606 with your income taxes. For assistance with recharacterizations, refer to IRS Publication 590 and/or your tax advisor.

Rollover Contributions. Generally, a A rollover is a movement tax-free distribution of cash or other assets from one retirement plan program to another. If There are two kinds of rollover contributions to an IRA. In one, you are required contribute amounts distributed to take minimum distributions because you are age 70½ from one IRA xx another IRA. With the other, you contribute amounts distribuxxx to you from xxur employer's qualified plan or older403(b) plan to an IRA. A rollover is an allowable IRA contribution which is not subjexx to the limits on regular contxxxutions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA on your tax return. If you receive a distribution from the xxxlified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. The portion you contribute to your IRA will not be taxable to xxx until you withdraw it from the IRA. Xxxr employer or former employer will give you the opportunity xx roll over any required minimum distributions. Both the distribution and directly from the rollover contribution are reportable when plan to the IRA. If you file your income taxes. You elect, instead, to receive the distribution, you must irrevocably elect to treat such contributions as rollovers. IRA-to-dxxxsit it into the 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 after you receive it. Only one IRA An "eligible rollover xxxtribution" is any distribution within any 12-month period may from a qualified plan that would be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA taxable other than (1) a 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 is one of a series of substantially equal periodic paymentspayments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA has been contributed in a tax-free rollover from your employer'x xr former employer's qualified plan or distributions consisting of Xxxx 401(k) or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRAplan, 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 later roll over the full amountIRA to a new employer's plan if such plan permits rollovers. 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 Your IXX would then serve as a conduit for those assets. However, you max xater roll those IRA funds into a new employer's plan only if you make no further coxxxibutions 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 that IRA, you may lose or commingle the ability to subsequently roll these IRA rollover 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 with existing 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 extensionsassets.

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 72 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 60 day 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 59½5e½, 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 59½5e½, subject to the premature distribution penalty tax. However, if you inadvertently fail to complete the rollover of a distribution within 60 days, you may be able to obtain a waiver of the 60-day time limit through a self-certification procedure if you meet certain requirements. Additionally, for certain qualified plan loan offsets (which is generally the amount an employer retirement plan account balance is reduced, or offset, to repay a loan from such plan, when the employer plan terminates, or because the participant severed from employment), you may have until the due date (including extensions) for your tax return for the tax year in which the offset occurs to complete the rollover to your IRA. If your plan loan offset is not “qualified,” then you have 60 days from the date the offset occurs to complete your rollover. 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 72 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. 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 72 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 Indirect 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 an indirect rollover. To complete a an indirect 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 12-12- month period may be rolled over in an IRA-to-IRA 60 day indirect 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 indirect 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. However, if you inadvertently fail to complete the rollover of a distribution within 60 days, you may be able to obtain a waiver of the 60-day time limit through a self-certification procedure if you meet certain requirements. Additionally, for certain qualified plan loan offsets (which is generally the amount an employer retirement plan account balance is reduced, or offset, to repay a loan from such plan, when the employer plan terminates, or because the participant severed from employment), you may have until the due date (including extensions) for your tax return for the tax year in which the offset occurs to complete the rollover to your IRA. If your plan loan offset is not “qualified,” then you have 60 days from the date the offset occurs to complete your rollover. 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. At this time you are limited to having only one active Traditional IRA and one active Xxxx XXX on the Robinhood platform. 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-pre- tax assets in your Traditional IRA into your employer retirement plan. If you are required to take minimum distributions RMDs because you are age 70½ 72 or older, you may not roll over any required minimum distributionsRMDs. Direct 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 requests to an eligible employer’s retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can must be made until in a form and manner acceptable to the due date for filing your return, not including extensionsCustodian.

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. IRAXxxx XXX-to-IRA Xxxx XXX Rollover: . You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA Xxxx XXX 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 XXX distribution within any 12-month period may be rolled over in an IRAXXX-to-IRA XXX 60 day rollover transaction. The 12-12- month waiting period begins on the date you receive an IRA XXX 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 Amounts withdrawn (including any amount amounts withheld for federal, state, or other income taxes that you did not receive), you do ) that are not have to report the distribution as taxable income. Any amount not properly rolled over within will be treated as a distribution from the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) Xxxx XXX and may be, if you are under age 59½, be subject to the premature tax and/or early distribution penalty taxpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner): ). Eligible rollover distributions consisting of Xxxx 401(k), Xxxx 403(b), or Xxxx 457(b) assets may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b) to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b), the entire amount of the rollover contribution is considered basis in the Xxxx XXX. Required minimum distributions may not be rolled over. Eligible rollover distributions consisting of pre-tax and after-tax assets from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXxxx XXX, if you meet applicable eligibility requirements defined in the Code or regulations. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a Xxxx XXX (other than amounts distributed from a designated Xxxx account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after-tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your Xxxx XXX. Required minimum distributions 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) assetsover. To complete a direct rollover rollover, from an employer plan to your Traditional IRAXxxx XXX, you must generally instruct the plan administrator to send the distribution directly to your Traditional IRA Xxxx XXX Custodian. To complete an indirect rollover to your Traditional IRAXxxx XXX, 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 However, if you inadvertently fail to complete the rollover of a distribution within 60 days, you may be able to obtain a waiver of the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, time limit through a self- certification procedure if you are under age 59½meet certain requirements. Additionally, subject for certain qualified plan loan offsets (which is generally the amount an employer retirement plan account balance is reduced, or offset, to repay a loan from such plan, when the premature distribution penalty taxemployer plan terminates, or because the participant severed from employment), you may have until the due date (including extensions) for your tax return for the tax year in which the offset occurs to complete the rollover to your Xxxx XXX. If your plan loan offset is not “qualified,” then you have 60 days from the date the offset occurs to complete your rollover. 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 Xxxx XXX Rollover (by Inherited Traditional IRA Xxxx XXX Owner): ). Please refer to the section of this document entitled “Inherited IRAXxxx XXX”. Traditional IRAXxxx XXX-to-Employer Retirement Plan Rollover: If Rollovers Not Permitted. Distributions from your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect Xxxx XXX are not eligible for 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 designated Xxxx account in a Xxxx 401(k) plan, Xxxx 403(b) plan, or another eligible retirement Xxxx 457(b) 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. 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. IRAXxxx XXX-to-IRA Xxxx XXX Indirect Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA Xxxx XXX if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA Xxxx XXX as a an indirect 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 60 day indirect 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 indirect rollover transaction. If you roll over the entire amount of an IRA distribution Amounts withdrawn (including any amount withheld for federal, state, or other income taxes that you did not receive), you do ) that are not have to report the distribution as taxable income. Any amount not properly rolled over within will be treated as a distribution from the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) Xxxx XXX and may be, if you are under age 59½, be subject to the premature tax and/or early distribution penalty taxpenalty. Employer Retirement Plan-to-Traditional IRA Xxxx XXX Rollover (by Traditional IRA Xxxx XXX Owner): Eligible rollover distributions consisting of Xxxx 401(k), Xxxx 403(b), or Xxxx 457(b) assets may be rolled over, directly or indirectly, to your Xxxx XXX. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b) to a Xxxx XXX, the portion of the distribution that constitutes the contribution basis is treated as basis in your Xxxx XXX. If you roll over a qualified distribution from a Xxxx 401(k), Xxxx 403(b) or Xxxx 457(b), the entire amount of the rollover contribution is considered basis in the Xxxx XXX Eligible rollover distributions consisting of pre-tax and after-tax assets from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRAXxxx XXX, if you meet applicable eligibility requirements defined in the Code or regulations. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a Xxxx XXX (other than amounts distributed from a designated Xxxx account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing after- tax employee contributions). However, the premature distribution penalty (that typically applies to taxable withdrawals taken prior to age 59½) does not apply to amounts rolled over from your employer‘s retirement plan to your Xxxx XXX. Required minimum distributions 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) assetsover. To complete a direct rollover rollover, from an employer plan to your Traditional IRAXxxx XXX, you must generally instruct the plan administrator to send the distribution directly to your Traditional IRA Xxxx XXX Custodian. To complete an indirect rollover to your Traditional IRAXxxx XXX, 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 However, if you inadvertently fail to complete the rollover of a distribution within 60 days, you may be able to obtain a waiver of the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, time limit through a self certification procedure if you are under age 59½meet certain requirements. Additionally, subject for certain qualified plan loan offsets (which is generally the amount an employer retirement plan account balance is reduced, or offset, to repay a loan from such plan, when the premature distribution penalty taxemployer plan terminates, or because the participant severed from employment), you may have until the due date (including extensions) for your tax return for the tax year in which the offset occurs to complete the rollover to your Xxxx XXX. If your plan loan offset is not “qualified,” then you have 60 days from the date the offset occurs to complete your rollover. 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 Xxxx XXX Rollover (by Inherited Traditional IRA Xxxx XXX Owner): ). Please refer to the section of this document entitled “Inherited IRAXxxx XXX”. Traditional IRAXxxx XXX-to-Employer Retirement Plan Rollover: If Rollovers Not Permitted. Distributions from your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect Xxxx XXX are not eligible for 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 designated Xxxx account in a Xxxx 401(k) plan, Xxxx 403(b) plan, or another eligible retirement Xxxx 457(b) 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.