Common use of Rollovers and Transfers Clause in Contracts

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

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