▇▇▇▇▇▇▇▇▇ ESA-to-▇▇▇▇▇▇▇▇▇ ESA Rollovers Sample Clauses

▇▇▇▇▇▇▇▇▇ ESA-to-▇▇▇▇▇▇▇▇▇ ESA Rollovers. Assets distributed from a ▇▇▇▇▇▇▇▇▇ ESA may be rolled over to another ▇▇▇▇▇▇▇▇▇ ESA of the same designated beneficiary or that of a qualifying family member if the requirements of IRC Sec. 530(d)(5) are met. A proper ▇▇▇▇▇▇▇▇▇ ESA-to-▇▇▇▇▇▇▇▇▇ ESA rollover is completed if all or part of the distribution is rolled over not later than 60 days after the distribution is received. Effective for distributions occurring on or after January 1, 2015, the responsible individual is permitted to roll over only one distribution from a ▇▇▇▇▇▇▇▇▇ ESA in a 12-month period, regardless of the number of ▇▇▇▇▇▇▇▇▇ ESAs owned by the designated beneficiary. A distribution may be rolled over to the same ▇▇▇▇▇▇▇▇▇ ESA or to another ▇▇▇▇▇▇▇▇▇ ESA that is eligible to receive the rollover. For more information on rollover limitations, you may wish to obtain IRS Publication 970, Tax Benefits for Education, from the IRS or refer to the IRS website at ▇▇▇.▇▇▇.▇▇▇.
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▇▇▇▇▇▇▇▇▇ ESA-to-▇▇▇▇▇▇▇▇▇ ESA Rollovers. Funds distributed from a ▇▇▇▇▇▇▇▇▇ ESA may be rolled over to another ▇▇▇▇▇▇▇▇▇ ESA of the same Designated Beneficiary or that of a qualifying family member if the requirements of IRC Sec. 530(d)(5) are met. A proper ▇▇▇▇▇▇▇▇▇ ESA to ▇▇▇▇▇▇▇▇▇ ESA rollover is completed if all or part of a distribution is rolled over not later than 60 days after the distribution is received. The Responsible Individual may not have completed another rollover from the distributing ▇▇▇▇▇▇▇▇▇ ESA during the 12 months preceding the date the distribution was received. Further, the Responsible Individual may roll the same dollars or assets only once every 12 months.
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▇▇▇▇▇▇▇▇▇ ESA-to-▇▇▇▇▇▇▇▇▇ ESA Rollovers. Assets distributed from a ▇▇▇▇▇▇▇▇▇ ESA may be rolled over to another ▇▇▇▇▇▇▇▇▇ ESA of the same designated beneficiary or that of a qualifying family member if the requirements of IRC Sec. 530(d)(5) are met. A proper ▇▇▇▇▇▇▇▇▇ ESA-to-▇▇▇▇▇▇▇▇▇ ESA rollover is completed if all or part of the distribution is rolled over not later than 60 days after the distribution is received.
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Related to ▇▇▇▇▇▇▇▇▇ ESA-to-▇▇▇▇▇▇▇▇▇ ESA Rollovers

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • What Forms of Distribution Are Available from a ▇▇▇▇▇▇▇▇▇ Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Direct Rollovers (a) This section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this part, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution, that is equal to at least $500, paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

  • Rollovers Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes, however, if you roll over the entire amount of an IRA or retirement plan distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you generally do not have to report the distribution as taxable income. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. You must irrevocably elect to treat such contributions as rollovers. Traditional IRA-to-Traditional IRA Rollover. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn into the same or another Traditional IRA as a rollover. When completing a rollover from a Traditional IRA to a Traditional IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from the distributing Traditional IRA. 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 the date you complete the rollover transaction. Traditional IRA-to-SIMPLE IRA Rollover. An amount distributed from your Traditional IRA may be rolled over to your SIMPLE IRA only after at least two years have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer. When completing a rollover from a Traditional IRA to a SIMPLE IRA, you must generally complete the rollover transaction within 60 days from the date you receive the distribution from your Traditional IRA. 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 the date you complete the rollover transaction. 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 take constructive receipt of a distribution from your Traditional IRA to complete a rollover to an employer plan (i.e., an indirect rollover), you must generally complete the rollover transaction within 60 days from the date you receive the distribution. SIMPLE IRA-to-Traditional IRA Rollover. To complete a rollover of a SIMPLE IRA distribution to a 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 generally 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 the date you complete the rollover transaction. 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 designated ▇▇▇▇ contributions (and earnings thereon) from a 401(k), 403(b), or 457(b) plan. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA.” Rollover of Exxon ▇▇▇▇▇▇ Settlement Income. Certain income received as an Exxon ▇▇▇▇▇▇ 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. Conversion of Traditional IRA to ▇▇▇▇ ▇▇▇. Generally, you may convert all or a portion of your Traditional IRA to a ▇▇▇▇ ▇▇▇ 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 ▇▇▇▇ ▇▇▇. Required minimum distributions may not be converted. Traditional IRA-to-▇▇▇▇ ▇▇▇ conversions are not subject to the 12-month rollover restriction that typically applies to rollovers between IRAs. RECHARACTERIZATIONS

  • Rollover Contributions and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.