Rollovers and Conversions Clause Samples
The "Rollovers and Conversions" clause defines the terms under which existing financial instruments or agreements can be extended (rolled over) or changed into a different form (converted). In practice, this clause specifies the conditions, timing, and procedures for rolling over a loan at maturity or converting a debt instrument into equity, for example. Its core function is to provide flexibility for both parties to adapt to changing circumstances, ensuring continuity or transformation of obligations without the need for entirely new agreements.
Rollovers and Conversions. Your IRA may be rolled over to another IRA of yours, or may receive rollover contributions. Your Traditional IRA or SIMPLE IRA may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your IRA from another IRA, or from your employer’s qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan to your IRA. Conversion is a term used to describe the movement of Traditional or SIMPLE IRA assets to a ▇▇▇▇ ▇▇▇. A conversion and employer-sponsored retirement plan rollover to a ▇▇▇▇ ▇▇▇ is generally a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Rollovers and Conversions. Your ▇▇▇▇ ▇▇▇ may be rolled over to another ▇▇▇▇ ▇▇▇ of yours, may receive rollover contributions, or may receive conversion contributions, provided that all of the applicable rollover or conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your ▇▇▇▇ ▇▇▇ from another ▇▇▇▇ ▇▇▇, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. Conversion is a term used to describe the movement of Traditional IRA or SIMPLE IRA assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Rollovers and Conversions. Your SIMPLE IRA may be rolled over to another SIMPLE IRA, Traditional IRA, or an eligible employer-sponsored retirement plan of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your SIMPLE IRA from another SIMPLE IRA, Traditional IRA, or from your employer’s qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan provided a two-year period has been satisfied. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of SIMPLE IRA assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Rollovers and Conversions. Your IRA may be rolled over to an IRA of yours, or may receive rollover contributions. Your Traditional IRA or SIMPLE IRA may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your IRA from another IRA, or from your employer’s qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan to your IRA. Conversion is a term used to describe the movement of Traditional or SIMPLE IRA assets to a ▇▇▇▇ ▇▇▇. A conversion and employer-sponsored retirement plan rollover to a ▇▇▇▇ ▇▇▇ is generally a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
1. Traditional IRA-to-Traditional IRA Rollovers. Assets distributed from your Traditional IRA may be rolled over to the same Traditional IRA or another Traditional IRA of yours if the requirements of IRC Sec. 408(d)(3) are met. A proper Traditional IRA-to-Traditional IRA rollover is completed if all or part of the distribution is rolled over not later than 60 days after the distribution is received. In the case of a distribution for a first-time homebuyer where there was a delay or cancellation of the purchase, the 60-day rollover period may be extended to 120 days. Effective for distributions taken on or after January 1, 2015, you are permitted to roll over only one distribution from an IRA (Traditional, ▇▇▇▇, or SIMPLE) in a 12-month period, regardless of the number of IRAs you own. A distribution may be rolled over to the same IRA or to another IRA that is eligible to receive the rollover. For more information on rollover limitations, you may wish to obtain IRS Publication 590, Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at ▇▇▇.▇▇▇.▇▇▇.
Rollovers and Conversions. Your ▇▇▇ may be rolled over to another ▇▇▇ of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your ▇▇▇ from another ▇▇▇, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional ▇▇▇ assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Rollovers and Conversions. The balance in your ▇▇▇ may be rolled over to another ▇▇▇, or your ▇▇▇ may receive rollover contributions from any of your other IRAs or from your employer’s qualified retirement plan, tax-sheltered annuity, or Section 457(b) deferred compensation plan (beginning January 1, 2002), provided that all of the applicable rollover rules are followed. “Rollover” is a term used to describe a tax-free movement of cash or other property to your ▇▇▇ from any of your IRAs or eligible retirement plans. Funds in a SIMPLE ▇▇▇ may not be rolled to your ▇▇▇ during the first two years you participate in your employer’s SIMPLE ▇▇▇ plan. Your ▇▇▇ may also be converted to a ▇▇▇▇ ▇▇▇ if certain eligibility requirements are met. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a tax professional.
Rollovers and Conversions. Your ▇▇▇▇ ▇▇▇ may be rolled over to another ▇▇▇▇ ▇▇▇ of yours, may receive rollover contributions, or may receive conversion contributions provided that all of the applicable rollover or conversion rules are followed. Rollover is a term used to describe a tax-free movement of cash or other property to your ▇▇▇▇ ▇▇▇ from another ▇▇▇▇ ▇▇▇. Conversion is a term used to describe the movement of Traditional IRA or SIMPLE IRA assets to a ▇▇▇▇ ▇▇▇. A conversion is generally a taxable event. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Rollovers and Conversions. The balance in your ▇▇▇▇ ▇▇▇ may be rolled over to another ▇▇▇▇ ▇▇▇ of yours or may receive rollover or conversion contributions, provided that all of the applicable rollover and conversion rules are followed. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, you should consult with your tax professional.
Rollovers and Conversions. Your IRA may be rolled over to another IRA, SIMPLE IRA, or an eligible employer-sponsored retirement plan of yours, may receive rollover contributions, or may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a movement of cash or other property to your IRA from another IRA, or from your employer’s qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Sav- ings Plan. The amount rolled over is not subject to taxation or the additional 10 percent early distribution penalty tax. Conversion is a term used to describe the movement of Traditional IRA assets to a ▇▇▇▇ ▇▇▇. A conversion generally is a taxable event. The general rollover and conversion rules are summarized below. These trans- actions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.
Rollovers and Conversions. Your IRA may be rolled over to an IRA of yours, may receive rollover contributions, and may be converted to a ▇▇▇▇ ▇▇▇, provided that all of the applicable rollover and conversion rules are followed. Rollover is a term used to describe a tax-free movement of cash or other property to your IRA from another IRA, or from your employer’s qualified retirement plan, 403(a) annuity plan, 403(b) tax-sheltered annuity, or 457(b) eligible governmental deferred compensation plan. Conversion is a term used to describe the movement of Traditional IRA assets to a ▇▇▇▇ ▇▇▇. A conversion is generally a taxable event. The rollover and conversion rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover or conversion, please see a competent tax advisor.