Non-Deductible/ROTH IRA Disclosure Statement

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Non-Deductible/ROTH IRA Disclosure Statement"

Transcription

1 UBS Trust Company of Puerto Rico Non-Deductible/ROTH IRA Disclosure Statement UBS Trust Company of Puerto Rico ( UBS Trust or the Trustee ), as trustee of the UBS Puerto Rico Non- Deductible/ ROTH Individual Retirement Account, must furnish each participant (each such participant, an Accountholder ) with a disclosure statement containing certain general legal and tax information pertaining to Puerto Rico non-deductible individual retirement accounts ( Non-Deductible IRA or Non-Deductible IRAs ) under the Puerto Rico Internal Revenue Code of 2011, as amended (the 2011 Code ). Accordingly, this IRA Disclosure Statement is provided to each Accountholder, in connection with his/her opening of a Non-Deductible IRA and the corresponding investment of his/her contribution in shares of common stock or units of certain open-end investment companies created pursuant to the Puerto Rico Investment Companies Act of 1954, as amended, which invest at least 20% of their respective assets in certain Puerto Rico securities (the Shares ). This document is not intended to be exhaustive, conclusive, or applicable to any particular person or situation, nor is it intended to be a substitute for legal and tax advice. Section of the 2011 Code allows individuals to elect to compute their income tax obligations for tax years 2011 through 2015 pursuant to the provisions of the Puerto Rico Internal Revenue Code of 1994, as amended (the 1994 Code ). Unless otherwise indicated, the matters disclosed herein will also apply to an Accountholder that elects to be taxed under the 1994 Code (sometimes referred to herein as an Electing Accountholder ). The 1994 Code and the 2011 Code are jointly hereafter referred to as the PR-IRC. The existing provisions of the statutes, regulations, judicial decisions, and administrative pronouncements on which the disclosure contained herein is based, are subject to change, even with retroactive effect. INVESTORS ARE URGED TO CONSULT THEIR LEGAL AND TAX ADVISORS PRIOR TO OPENING OR CONTRIBUTING TO A NON-DEDUCTIBLE IRA. NEITHER THE UBS NON-DEDUCTIBLE IRA NOR AN INVESTMENT IN THE SHARES IS INSURED OR GUARANTEED BY THE U.S. GOVERNMENT OR BY THE COMMONWEALTH OF PUERTO RICO. ACCOUNTHOLDERS SHOULD BE AWARE THAT NEITHER THE UBS NON- DEDUCTIBLE IRA NOR THE SHARES ARE AN OBLIGATION OF, OR GUARANTEED, BY UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO, UBS TRUST, UBS AG, OR ANY OF THEIR AFFILIATES. IN ADDITION, SUCH INVESTMENTS ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD, OR ANY OTHER AGENCY OF THE GOVERNMENTS OF THE UNITED STATES OR PUERTO RICO. You may close your UBS Non-Deductible IRA, without any penalties, within seven (7) business days following the opening of your UBS Non- Deductible IRA, by providing a written cancellation notification to UBS Trust at the address specified below. Such cancellation notification should be mailed to UBS Trust so that it is postmarked (or certified or registered, if sent by certified or registered mail) within such seven (7) day period. Upon receipt of such written notice by UBS Trust, all contributions made will be refunded without any reduction. Letters to UBS Trust should be mailed to American International Plaza - Tenth Floor, 250 Muñoz Rivera Avenue, San Juan, Puerto Rico 00918, Attention: IRA Department. The PR-IRC enables eligible individuals to make annual contributions to a Non-Deductible IRA (the Non- Deductible IRA Contributions ). The total amount of the permissible annual Non-Deductible IRA Contributions is not deductible by an Accountholder in computing his/her taxable income for Puerto Rico income tax purposes. Eligibility The only requirements for eligibility for the UBS Non- Deductible IRA are that you have your principal residence within the Commonwealth of Puerto Rico, and that you receive compensation, which includes, among other things, wages, salaries, professional fees, income from occupations, salesman s commissions, tips, or selfemployment income. However, compensation does not include interest, dividends, rents, royalties, or capital gains or other non-employment income. For married taxpayers filing a joint Puerto Rico income tax return, a Non- Deductible IRA may be opened for each spouse, even if only one of the spouses is employed or receives any compensation. In addition and solely with respect to Electing Accountholders, the 1994 Code provides that annual IRA Contributions made to a UBS Non-Deductible IRA by an Accountholder who has also made elective deferrals under certain Qualified Plans (as defined below) will reduce the maximum allowable annual contribution to such Qualified Plans. Electing Accountholders should

2 consult their tax advisors to determine the application of these rules when elective deferrals are made under Qualified Plans. Lastly, if the Accountholder is no longer a bona fide resident of Puerto Rico, the tax benefits of the UBS Non-Deductible IRA no longer apply. There is no age limit to contribute to a Non-Deductible IRA. Non-transferable and Non-forfeitable. You may not transfer ownership of your Non-Deductible IRA without disqualifying it from tax-favored treatment, except to your former spouse as a result of a divorce decree or under a written instrument arising from your divorce. You have a fully vested interest in your Non- Deductible IRA that is non-forfeitable. Contributions Regular Contributions. The aggregate permissible maximum annual contribution to one or more Non-Deductible IRA(s) is $5,000 (or such maximum annual contribution as may be allowed in any future taxable year), or an Accountholder s adjusted gross income received from salaries or earnings attributed to professions or occupations, whichever is less. A married taxpayer who files a joint Puerto Rico income tax return may contribute up to an additional $5,000 (or such maximum annual contribution as may be allowed in any future taxable year) to a separate IRA established by or for such Accountholder s spouse, even if said spouse derived no gross income from the above-mentioned sources, provided that their combined Non-Deductible IRA Contribution does not exceed the lesser of (i) $10,000 or (ii) their combined adjusted gross income received from salaries or earnings attributed to professions or occupations for the given year. Furthermore, the maximum annual amount that may be contributed to a Non-Deductible IRA for a taxable year will be reduced by the amount that the taxpayer has contributed to a regular deductible individual retirement account (a Regular IRA ) established under the PR-IRC for such taxable year, and contributions to any other Non-Deductible IRAs established under the PR-IRC. In such regard, you are encouraged to contact your tax and legal advisors. For these purposes, a contribution to a Non- Deductible IRA will be treated as made for the taxable year in which it is actually made or may be treated as made for the prior taxable year if it is made no later than the date prescribed by law for such Accountholder to file his/her Puerto Rico income tax return for that prior taxable year (including any applicable extension to the time for filing). Rollover Contributions from IRAs. An Accountholder may contribute to a Non-Deductible IRA amounts distributed from a Regular IRA established under the PR-IRC, provided the total amount distributed (such total amount adjusted as described herein) is contributed to a Non-Deductible IRA within 60 days of the distribution ( Qualifying IRA Rollover Contribution ). If the proposed contribution is not made on a timely basis or does not consist of the total amount distributed, the distribution may not be contributed to a Non-Deductible IRA. Such distribution will be subject to Puerto Rico income tax and the withholding of income tax at the source pursuant to Section (d) of the 2011 Code (or Section 1169(d) of the 1994 Code in the case of an Electing Accountholder) and may be subject to the premature distribution penalties provided by Section (g) of the 2011 Code (or Section 1169(g) of the 1994 Code in the case of an Electing Accountholder). For these purposes, the amount that is required to be contributed to a Non-Deductible IRA is the total amount distributed from the Regular IRA less the amount of tax withheld at the source, as further described herein. An amount distributed from a Regular IRA that is contributed to a Non-Deductible IRA as a Qualifying IRA Rollover Contribution will be subject to Puerto Rico income tax and the withholding of income tax at the source rules prescribed by Section (d) of the 2011 Code (or Section 1169(d) of the 1994 Code in the case of an Electing Accountholder) but will not be subject to the premature distribution penalties imposed by Section (g) of the 2011 Code (or Section 1169(g) of the 1994 Code in the case of an Electing Accountholder). Rollover Contributions from Non-Deductible IRAs. An Accountholder may contribute to a Non-Deductible IRA amounts distributed from other Non-Deductible IRAs established under the PR-IRC, provided such contribution is made within 60 days of the receipt of the distribution and consists of the total amount distributed (a Qualifying Non-Deductible IRA Rollover Contribution ). If the contribution is not made on a timely basis or does not consist of the total amount distributed, the distribution may not be contributed to a Non-Deductible IRA and will be subject to Puerto Rico income tax and applicable penalties provided in Section of the 2011 Code (or Section 1169B of the 1994 Code in the case of an Electing Accountholder) if such distribution does not otherwise qualify as a Qualifying Distribution, as defined herein. Rollover Contributions from Qualifying Plans. A lump sum distribution received within the taxable year by an Accountholder within such Accountholder s taxable year from a pension, profit-sharing, or stock bonus plan described in Section of the 2011 Code (or Section 1165 of the 1994 Code in the case of an Electing Accountholder) (the Qualified Plan ) on account of separation from service ( Lump-Sum Distribution ) may be contributed to a Non-Deductible IRA established by such Accountholder, provided the total amount distributed from the Qualified Plan (adjusted as described herein) is so contributed within 60 days of the receipt of the distribution ( Qualifying Plan Rollover Contribution ). If the contribution is not timely made, the distribution from the Qualified Plan may not be contributed to a Non- Deductible IRA. For these purposes, the amount that is required to be contributed to a Non-Deductible IRA is the total amount distributed from the Qualified Plan less the amount of tax withheld at the source, as further described herein. A distribution received by an Accountholder from a Qualified Plan that does not qualify as a Lump-Sum Distribution may not be contributed to a Non-Deductible IRA. An amount distributed from a Qualifying Plan that is contributed to a Non-Deductible IRA as a Qualifying 2

3 Plan Rollover Contribution will be subject to Puerto Rico income tax and the withholding of income tax at the source rules prescribed by Sections (b) (or Section 1165(b) of the 1994 Code in the case of an Electing Accountholder) and (d)(5) of the 2011 Code (or Section 1169B(d)(5) of the 1994 Code in the case of an Electing Accountholder). Excess Non-Deductible IRA Contributions If an Accountholder contributes an amount to a Non- Deductible IRA in excess of the maximum amount permissible and the excess is not reimbursed (along with the amount of net income attributable to such excess contribution) by no later than the deadline for the filing of such Accountholder s income tax return for the year with respect to which the excess Non-Deductible IRA Contributions were made (including any applicable extension of the time for filing), the entire balance of such Non-Deductible IRA will be deemed to have been distributed to such Accountholder as of the first day of the year with respect to which the excess Non-Deductible IRA Contributions were made. The amount of a Non- Deductible IRA treated as distributed will be subject to the Distribution rules described herein. Investments in Life Insurance Not Permitted Non-Deductible IRA Contributions may not be invested in life insurance policies. Distributions Qualifying Distributions. A Qualifying Distribution from a Non-Deductible IRA is not includable in the Accountholder s gross income and is exempt from Puerto Rico income tax. A distribution from a Non-Deductible IRA will constitute a Qualifying Distribution if it is made (i) on or after the Accountholder has attained the age of 60, (ii) on or after the death of the Accountholder to a beneficiary or the Accountholder s estate, (iii) on account of an Accountholder s disability (as defined in the PR-IRC), (iv) on account of an Accountholder s unemployment (as defined in the PR-IRC), (v) to cover the expenses of an Accountholder s direct dependents in connection with their university studies, (vi) for the purchase or construction of an Accountholder s first principal residence (subject to compliance with certain requirements of the PR-IRC), (vii) for the repair or reconstruction of an Accountholder s principal residence as a result of fire, hurricane, earthquake or other fortuitous cause, (viii) the need to prevent an imminent foreclosure of the principal residence or further delays in the payment of a mortgage loan secured by the principal residence, (ix) for the acquisition of a computer for a dependent of the Accountholder within the second degree of consanguinity that is a student at a university, up to an amount of $1,200 and only once every six (6) years, or (x) for the treatment of a severe, chronic, degenerative or terminal illness of the Accountholder or relative within the fourth degree of consanguinity or second degree of affinity. Non-Qualifying Distributions. A distribution from a Non- Deductible IRA that is not a Qualifying Distribution ( Non- Qualifying Distribution ) is subject to Puerto Rico income taxes as follows: (i) that part of the distribution that is attributable to income earned by a Non-Deductible IRA that is not entitled to reduced tax rates as described below, is subject to Puerto Rico regular income tax rates; (ii) that part of the distribution that is attributable to income from sources within Puerto Rico (as determined under the source of income rules of the PR-IRC), earned by a Non-Deductible IRA (excluding the interest described in item (iii) below) is subject to an optional Puerto Rico income tax of 17% to be withheld at the source by the Trustee, such option to be elected at the discretion of the Accountholder; (iii) subject to the requirements imposed by the PR-IRC, that part of the distribution that is attributable to interest earned by a Non-Deductible IRA from certain types of deposits with financial institutions is eligible for the Puerto Rico income tax exclusion available for qualifying interest, subject to an annual maximum exemption as provided by the PR-IRC, currently equal to $2,000 (or $4,000, in the case of a married taxpayer filing a joint tax return under the 2011 Code) (the Annual Exemption ); (iv) that part of the distribution that is attributable to interest as contemplated in item (iii) above, in excess of the maximum Annual Exemption, is subject to an optional Puerto Rico income tax withholding of 17%; and (v) subject to the requirements imposed by the PR- IRC, distributions from a Non-Deductible IRA of amounts that do not comprise contributions to a Non-Deductible IRA made to an individual enjoying the retirement benefits offered by the Puerto Rico Retirement System, Judiciary Retirement System, or the Teachers Retirement System will be subject to an optional Puerto Rico income tax rate of 10% to be withheld at the source by the Trustee. A partial distribution made by a Non-Deductible IRA will be treated as being made from the different items that comprise the balance of the account (including the Accountholder s basis therein) in accordance with the distribution allocation rules provided by the regulations of the PR-IRC. For these purposes, an Accountholder s basis in a Non-Deductible IRA will equal to the sum of the following: (a) the amount of the Non-Deductible IRA Contributions, (b) income derived by a Non-Deductible IRA that is exempt from Puerto Rico income tax, (c) the Qualifying IRA Rollover Contributions, (d) Qualifying Non- Deductible IRA Contributions, (e) Qualifying Plan Rollover Contributions, and (f) the amounts accumulated and undistributed in the UBS Non-Deductible IRA over which the Accountholder made prepayments of the 8% Puerto Rico income taxes. Alternate Basic Tax. Under the rules of the PR-IRC, an individual must determine his/her regular tax as well as an alternate basic tax and is required to pay the higher of these amounts. An individual must compute his/her alternate basic tax, by determining such individual s alternate basic taxable income. An individual s alternate basic taxable income will include certain items of income that are otherwise exempt from the regular tax or that are subject to preferential regular tax rates. In the specific case of a Non-Qualifying Distribution, an Accountholder s alternate basic taxable income will include the Annual Exemption (to the extent claimed for regular tax purposes) and distributions of any interest earned 3

4 by an IRA from certain types of deposits with financial institutions that were elected to be taxed at the 17% tax rate. Penalty on Non-Qualifying Distributions. The part of a Non-Qualifying Distribution from an Accountholder s Non-Deductible IRA that constitutes gross income under the 2011 Code is subject to a 10% penalty imposed by Section (g) of the 2011 Code (or Section 1169(g) of the 1994 Code in the case of an Electing Accountholder). The 10% penalty will be withheld from that part of a Non-Qualifying Distribution that is subject to Puerto Rico income tax. Distributions to make Qualifying Non-Deductible IRA Rollover Contributions. A distribution from a Non- Deductible IRA that is contributed to a Non-Deductible IRA as a Qualifying Non-Deductible IRA Rollover Contribution is not subject to Puerto Rico income tax. Death of an Accountholder. Upon an Accountholder s death, the entire balance of such Accountholder s Non- Deductible IRA must be distributed to such Accountholder s beneficiary or beneficiaries within a period of five (5) years of the death of such Accountholder. Notwithstanding this, if (i) an Accountholder elected to receive distributions from such Accountholder s IRA over a fixed term permitted by the PR-IRC and (ii) such distributions have commenced, the distributions will continue as scheduled. The same rule applies at the death of the surviving spouse of an Accountholder with respect to his/her beneficiaries if distributions to the surviving spouse have commenced. However, this rule does not apply to an Accountholder s beneficiary who elects to treat the undistributed balance of such Accountholder s IRA as an IRA owned by such beneficiary for purposes of determining the period from which such balance is to be distributed. Any distribution to an Accountholder s beneficiary due to such Accountholder s death, is subject to Puerto Rico inheritance and other applicable laws and regulations. Puerto Rico Estate Taxes. The transfer by death of the Accountholder s Non-Deductible IRA will not be subject to the estate tax imposed by the PR-IRC if the Accountholder is (i) a U.S. citizen who acquired such citizenship solely due to birth or residence in Puerto Rico, and (ii) a resident of Puerto Rico at the time of death. No Capital Gains Treatment. A lump sum distribution from an Accountholder s Non-Deductible IRA is not eligible for capital gains treatment for Puerto Rico income tax purposes. IRA may not be used as collateral In general, an Accountholder s interest in a Non- Deductible IRA or in assets held in such Non-Deductible IRA may not be used as security for a loan, and any amount so utilized shall be deemed to have been distributed to such Accountholder (see Distributions ) and may be subject to the 10% penalty for early distributions described above. Taxation of a Non-Deductible IRA A Non-Deductible IRA is not subject to Puerto Rico income tax. However, income generated by assets held in a Non- Deductible IRA upon a Non-Qualifying Distribution, whether actually made or treated as made under the PR- IRC, or deemed distributions occurring as a result of excess Non-Deductible IRA Contributions or the use of a Non-Deductible IRA as collateral in contravention with the PR-IRC prohibition (other than as provided above), will be subject to Puerto Rico income tax and applicable penalties as provided above. Fees and Expenses Early Withdrawal Charge. In addition to any penalties applicable to early distributions from a Non- Deductible IRA, including the early distribution penalty described above, an Accountholder acknowledges and agrees to the following early withdrawal charges that are applicable to the Non-Deductible IRA Contributions when such contributions are withdrawn from the UBS Non- Deductible IRA within certain periods of time after its opening, for any reason other than the following: (i) an Accountholder attaining 60 years of age; (ii) an Accountholder s death; (iii) an Accountholder s disability; (iv) the unemployment of an Accountholder; (v) the repair or reconstruction of an Accountholder s principal residence as a result of fire, hurricane, earthquake or other fortuitous cause; (vi) to prevent the imminent foreclosure of an Accountholder s principal residence or delays in the payment of the corresponding mortgage; or (vii) to cover medical expenses related to treatment of a severe, chronic, degenerative, or terminal illness of an Accountholder or a covered relative, as described above. UBS Trust may waive or reduce such early withdrawal charges at its discretion and will waive them with respect to (i) new IRA Contributions which are invested in the Shares or (ii) any Shares purchased with the proceeds derived from the sale of shares of common stock issued, and cash dividends declared, by closed-end investment companies sponsored or cosponsored by UBS Financial Services Incorporated of Puerto Rico which were previously offered as investment alternatives to Accountholders. However, early withdrawal charges will apply to any Shares purchased with the redemption proceeds derived from the UBS IRA Select Growth & Income Puerto Rico Fund, unless otherwise waived by UBS Trust PR at its discretion. 4

5 Withdrawal made during the following year after the date that the IRA Contribution was made First year 4% Second year 3% Third year 2% Fourth year 1% After the fourth year 0% Early Withdrawal Charge as a Percentage of the IRA Contribution Other Fees and Expenses. Additional fees and expenses may be charged to the UBS Non-Deductible IRA for special services. In addition, the investments selected by an Accountholder may be subject to the fees and expenses attributable to such investments. Trustee UBS Trust acts as the UBS Non-Deductible IRA s trustee. Reports The Trustee will send to Accountholders quarterly and annual statements covering transactions made with respect to the UBS Non-Deductible IRA. Such reports will indicate the amount of any distributions, withdrawals, or transfers made to or from the UBS Non-Deductible IRA or any interest or other credit earned and charges made to the UBS Non-Deductible IRA. The Trustee will also send copies of the annual reports of the issuers of the Shares in which an Accountholder invests. United States Federal Income Taxes In general, a person that is an Accountholder (including beneficiaries thereof) will not be subject to U.S. Federal income tax with respect to income earned by a Non- Deductible IRA or distributions received from a Non- Deductible IRA, provided that for each entire taxable year that such person is an Accountholder, he or she is a bona fide resident of Puerto Rico as determined under Section 933 of the United States Internal Revenue Code of 1986, as amended (the U.S.-IRC ). Special rules may apply to an Accountholder that, through the IRA Trust, owns 10% or more of the voting stock of the investment company in which the IRA Trust invests. Accountholders are encouraged to consult their own tax and legal advisors to determine whether such is the case, as well as any other U.S. Federal tax consequence as applicable to any given Accountholder. A U.S. non-deductible/roth individual retirement account ( U.S. ROTH IRA ) maintained under the U.S.-IRC is not a Non-Deductible IRA under the PR- IRC, and therefore: (i) the earnings derived by the U.S. ROTH IRA may be currently subject to income tax under the PR-IRC as ordinary income, (ii) any distributions received from a U.S. ROTH IRA may not be contributed to a Non-Deductible IRA in the form of a Rollover Contribution, and (iii) a distribution from a Non-Deductible IRA that is contributed to a U.S. IRA will not qualify for the Rollover Contribution rules described herein and will not qualify as a rollover contribution to a U.S. IRA. Changes in Applicable Law Legislation, including taxation rules, affecting IRAs are continually being considered by the Puerto Rico Legislature. No assurance can be given that any legislation or regulation that may be subsequently promulgated will not have an adverse effect on the operations of the Trustee, or the tax consequences to the Accountholders or Electing Accountholders. If you have any questions regarding your eligibility, tax status, or any other matters after reviewing the UBS Non-Deductible IRA Disclosure Statement, you are encouraged to contact your tax and legal advisors UBS Trust Company of Puerto Rico. All rights reserved. UBS Trust Company of Puerto Rico is an affiliate of UBS Financial Services Incorporated of Puerto Rico. UBS Trust Company of Puerto Rico ubs.com/fs

FIRSTBANK PUERTO RICO INDIVIDUAL RETIREMENT ACCOUNT TRUSTS Individual Retirement Accounts Disclosure This Individual Retirement Account (IRA)

FIRSTBANK PUERTO RICO INDIVIDUAL RETIREMENT ACCOUNT TRUSTS Individual Retirement Accounts Disclosure This Individual Retirement Account (IRA) FIRSTBANK PUERTO RICO INDIVIDUAL RETIREMENT ACCOUNT TRUSTS Individual Retirement Accounts Disclosure This Individual Retirement Account (IRA) Disclosure (hereafter Disclosure ) and the following documents:

More information

ROTH IRA DISCLOSURE STATEMENT

ROTH IRA DISCLOSURE STATEMENT ROTH IRA DISCLOSURE STATEMENT The Pension Fund of the Christian Church established and maintains the Defined Contribution Retirement Accounts of the Pension Fund of the Christian Church (Disciples of Christ)

More information

TRADITIONAL IRA DISCLOSURE STATEMENT

TRADITIONAL IRA DISCLOSURE STATEMENT TRADITIONAL IRA DISCLOSURE STATEMENT TABLE OF CONTENTS REVOCATION OF ACCOUNT... 1 STATUTORY REQUIREMENTS... 1 (1) Qualification Requirements... 1 (2) Required Distribution Rules... 1 (3) Approved Form....

More information

New Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

New Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA New Alternatives Fund, Inc. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4

More information

Retirement Management Account Individual Retirement Account (IRA) CUSTODIAL ACCOUNT AGREEMENT & DISCLOSURE STATEMENT

Retirement Management Account Individual Retirement Account (IRA) CUSTODIAL ACCOUNT AGREEMENT & DISCLOSURE STATEMENT MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY Retirement Management Account Individual Retirement Account (IRA) CUSTODIAL ACCOUNT AGREEMENT & DISCLOSURE STATEMENT Retirement Management Account IRA Custodial

More information

THIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

THIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA THIRD AVENUE FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4 ROTH INDIVIDUAL

More information

ROTH IRA REQUIREMENTS

ROTH IRA REQUIREMENTS Regarding Roth Individual Retirement Annuity (IRA) Plans Described in Section 408A of the Internal Revenue Code This Disclosure Statement ( Disclosure ) presents a general overview of the federal laws

More information

COLLIERS INTERNATIONAL USA, LLC And Affiliated Employers 401(K) Plan DISTRIBUTION ELECTION

COLLIERS INTERNATIONAL USA, LLC And Affiliated Employers 401(K) Plan DISTRIBUTION ELECTION 1. EMPLOYEE INFORMATION (Please print) COLLIERS INTERNATIONAL USA, LLC And Affiliated Employers 401(K) Plan DISTRIBUTION ELECTION Name: Address: Social Security No.: Birth Date: City: State: Zip: Termination

More information

Code means the Internal Revenue Code of 1986, as amended.

Code means the Internal Revenue Code of 1986, as amended. The American Funds Roth IRA Trust Agreement Pending IRS approval. Section 1 Definitions As used in this trust agreement ( Agreement ) and the related Application, the following terms shall have the meaning

More information

Baird Funds, Inc. Individual Retirement Account Disclosure Statement & Custodial Account Agreement

Baird Funds, Inc. Individual Retirement Account Disclosure Statement & Custodial Account Agreement Baird Funds, Inc. Individual Retirement Account Disclosure Statement & Custodial Account Agreement Baird Funds, Inc. Individual Retirement Account Disclosure Statement GENERAL INFORMATION Please read the

More information

OPTION SELECT ROTH IRA DISCLOSURE STATEMENT

OPTION SELECT ROTH IRA DISCLOSURE STATEMENT OPTION SELECT ROTH IRA DISCLOSURE STATEMENT Group Policy Form No. 01-1115-98 Group Certificate Form No. 01-1115C-98 and state variations thereof. Not for use in Florida. Regarding Roth Individual Retirement

More information

The Vanguard Traditional IRA, SEP IRA, and Roth IRA. Disclosure Statement and Custodial Account Agreement

The Vanguard Traditional IRA, SEP IRA, and Roth IRA. Disclosure Statement and Custodial Account Agreement The Vanguard Traditional IRA, SEP IRA, and Roth IRA Disclosure Statement and Custodial Account Agreement Contents Vanguard Traditional and Roth IRA Disclosure Statement Section I Revocation.......................................................................................................

More information

PRIVACY POLICIES, DISCLOSURES, INSTRUCTIONS & AGREEMENTS FOR: INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

PRIVACY POLICIES, DISCLOSURES, INSTRUCTIONS & AGREEMENTS FOR: INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA Fairholme Funds Inc. PRIVACY POLICIES, DISCLOSURES, INSTRUCTIONS & AGREEMENTS FOR: INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA FAIRHOLME FUNDS, INC. INDIVIDUAL RETIREMENT ACCOUNT

More information

DISTRIBUTION FROM A PLAN NOT SUBJECT TO QJSA

DISTRIBUTION FROM A PLAN NOT SUBJECT TO QJSA DISTRIBUTION FROM A PLAN NOT SUBJECT TO QJSA This form must be preceded by or accompanied by the Special Tax Notice Regarding Plan Payments [Code (402(f)) Notice] PLAN INFORMATION Name of Plan: PARTICIPANT

More information

The IRA Rollover. Making Sense Out of Your Retirement Plan Distribution

The IRA Rollover. Making Sense Out of Your Retirement Plan Distribution The IRA Rollover Making Sense Out of Your Retirement Plan Distribution Expecting a Distribution? You have been a participant in your employer s retirement plan for a number of years, and you have earned

More information

ROTH IRA REQUIREMENTS

ROTH IRA REQUIREMENTS Regarding Roth Individual Retirement Annuity (IRA) Plans Described in Section 408A of the Internal Revenue Code This Disclosure Statement ( Disclosure ) presents a general overview of the federal laws

More information

AFPlanServ 403(b) Hardship Distribution Authorization Form

AFPlanServ 403(b) Hardship Distribution Authorization Form AFPlanServ 403(b) Hardship Distribution Authorization Form Participant Instructions If your Plan allows loans, you must apply for a loan first. If you are not eligible for a loan from your provider, your

More information

CITI FUND SERVICES, INC. CUSTODIAL ACCOUNT DISCLOSURE STATEMENT. MERK FUNDS Custodial Account Disclosure Statement. Part One: Traditional IRAs

CITI FUND SERVICES, INC. CUSTODIAL ACCOUNT DISCLOSURE STATEMENT. MERK FUNDS Custodial Account Disclosure Statement. Part One: Traditional IRAs MERK FUNDS Custodial Account Disclosure Statement This Custodial Account Disclosure Statement ( Disclosure Statement ) applies to Traditional Individual Retirement Accounts ( IRAs ), Roth IRAs and Coverdell

More information

SACRAMENTO METROPOLITAN FIRE DISTRICT GOVERNMENTAL 457 DEFERRED COMPENSATION PLAN

SACRAMENTO METROPOLITAN FIRE DISTRICT GOVERNMENTAL 457 DEFERRED COMPENSATION PLAN SACRAMENTO METROPOLITAN FIRE DISTRICT GOVERNMENTAL 457 DEFERRED COMPENSATION PLAN DEEMED IRA ACCOUNTS DISCLOSURE STATEMENT This Disclosure Statement summarizes the provisions relating to the deemed IRA

More information

Supplement to IRA Custodial Agreements

Supplement to IRA Custodial Agreements Supplement to IRA Custodial Agreements Effective December 31, 2014, the update below will be made to the American Century Custodial agreements for the following retirement accounts: Traditional IRAs, Roth

More information

Recent Changes to IRAs

Recent Changes to IRAs Recent Changes to IRAs Federal legislation and new IRS regulations have created several changes to IRAs over the past few years. Only one IRA distribution within any 12-month period may be rolled over

More information

DISCLOSURE STATEMENT

DISCLOSURE STATEMENT DISCLOSURE STATEMENT for Individual Retirement Annuities Home Office: Wilmington, Delaware Administrative Office: P.O. Box 19032 Greenville, SC 29602-9032 Telephone 866-262-1161 The following information

More information

DOMINI SOCIAL INVESTMENTS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

DOMINI SOCIAL INVESTMENTS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA DOMINI SOCIAL INVESTMENTS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS TRADITIONAL and ROTH INDIVIDUAL RETIREMENT ACCOUNT (IRA) 4 COMBINED DISCLOSURE STATEMENT

More information

INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 6 ROTH INDIVIDUAL RETIREMENT

More information

Eagle Systems, Inc. Tax Deferred Savings Plan & Trust (EAG) FINANCIAL HARDSHIP REQUEST FORM

Eagle Systems, Inc. Tax Deferred Savings Plan & Trust (EAG) FINANCIAL HARDSHIP REQUEST FORM Participant Information Eagle Systems, Inc. Tax Deferred Savings Plan & Trust (EAG) FINANCIAL HARDSHIP REQUEST FORM Name: SSN: Address: City: State: Zip: *Phone: *Email: Date of Birth: / / Hours Worked

More information

How much can I deduct if I am an active participant in a qualified plan?... 2

How much can I deduct if I am an active participant in a qualified plan?... 2 Table of Contents What is an Individual Retirement Account (IRA)?...................................... 1 Who may establish a Traditional IRA?............................................... 1 How much

More information

DOMINI SOCIAL INVESTMENTS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

DOMINI SOCIAL INVESTMENTS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA DOMINI SOCIAL INVESTMENTS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS TRADITIONAL and ROTH INDIVIDUAL RETIREMENT ACCOUNT (IRA) 4 COMBINED DISCLOSURE STATEMENT

More information

DISTRIBUTION REQUEST FORM

DISTRIBUTION REQUEST FORM DISTRIBUTION REQUEST FORM Previously, there was little oversight regarding the withdrawal of money from 403(b) plans. The recent law changes now apply sanctions on Plans that do not carefully monitor and

More information

The Vanguard Traditional IRA, SEP-IRA, and Roth IRA. Disclosure Statement and Custodial Account Agreement

The Vanguard Traditional IRA, SEP-IRA, and Roth IRA. Disclosure Statement and Custodial Account Agreement The Vanguard Traditional IRA, SEP-IRA, and Roth IRA Disclosure Statement and Custodial Account Agreement Contents Vanguard Traditional and Roth IRA Disclosure Statement Section I Revocation... 1 Section

More information

PRIMECAP Odyssey Funds

PRIMECAP Odyssey Funds PRIMECAP Odyssey Funds Individual Retirement Account & Coverdell Education Savings Account Disclosure Statement & Custodial Account Agreement Table of Contents General Information...1 Disclosure Statement

More information

ROTH IRA DISCLOSURE STATEMENT

ROTH IRA DISCLOSURE STATEMENT Regarding Roth Individual Retirement Annuity (IRA) Plans Described in Section 408A of the Internal Revenue Code This Disclosure Statement presents a general review of federal laws applicable to your Roth

More information

TABLE OF CONTENTS PAGE GENERAL INFORMATION B-3 CERTAIN FEDERAL INCOME TAX CONSEQUENCES B-3 PUBLISHED RATINGS B-7 ADMINISTRATION B-7

TABLE OF CONTENTS PAGE GENERAL INFORMATION B-3 CERTAIN FEDERAL INCOME TAX CONSEQUENCES B-3 PUBLISHED RATINGS B-7 ADMINISTRATION B-7 STATEMENT OF ADDITIONAL INFORMATION INDIVIDUAL VARIABLE ANNUITY ISSUED BY JEFFERSON NATIONAL LIFE INSURANCE COMPANY AND JEFFERSON NATIONAL LIFE ANNUITY ACCOUNT G ADMINISTRATIVE OFFICE: P.O. BOX 36840,

More information

ROTH IRA REQUIREMENTS

ROTH IRA REQUIREMENTS Regarding Roth Individual Retirement Annuity (IRA) Plans Described in Section 408A of the Internal Revenue Code This Disclosure Statement ( Disclosure ) presents a general overview of the federal laws

More information

Custodial Account Agreement

Custodial Account Agreement Custodial Account Agreement For Individual Retirement Accounts & Coverdell Education Savings Accounts Mail to: EntrepreneurShares c/o U.S. Bancorp Fund Services, LLC PO Box 701 Milwaukee, WI 53201-0701

More information

HCS RETIREMENT SERVICES

HCS RETIREMENT SERVICES Distribution Form HCS RETIREMENT SERVICES 1095 South 800 East Orem, UT 84097 Phone 801-224-1900 Fax 801-224-1930 www.hcsretirement.com EMPLOYER: PERSONAL INFORMATION Last Name: S.S. #: First Name: Date

More information

Matthews Asia Funds Individual Retirement Account (IRA) New Account Application

Matthews Asia Funds Individual Retirement Account (IRA) New Account Application Matthews Asia Funds Individual Retirement Account (IRA) New Account Application Traditional IRA SEP IRA Roth IRA Table of Contents Combined Disclosure Statement 1 Traditional Individual Retirement Account

More information

Individual Retirement Account & Coverdell Education Savings Account. Disclosure Statement and Custodial Account Agreement

Individual Retirement Account & Coverdell Education Savings Account. Disclosure Statement and Custodial Account Agreement Individual Retirement Account & Coverdell Education Savings Account Disclosure Statement and Custodial Account Agreement Mail to: Monetta Funds c/o U.S. Bancorp Fund Services, LLC PO Box 701 Milwaukee,

More information

ROTH INDIVIDUAL RETIREMENT ANNUITY ENDORSEMENT

ROTH INDIVIDUAL RETIREMENT ANNUITY ENDORSEMENT ROTH INDIVIDUAL RETIREMENT ANNUITY ENDORSEMENT Form 5305- RB under Section 408A of the Internal Revenue Code This endorsement is made a part of the annuity contract to which it is attached, and the following

More information

Hardship Withdrawal Form

Hardship Withdrawal Form Hardship Withdrawal Form READ THE ATTACHED IRS SPECIAL TAX NOTICE: IF YOUR PLAN ALLOWS FOR AN ANNUITY OPTION, READ THE WRITTEN EXPLANATION OF QUALIFIED JOINT AND 50% CONTINGENT SURVIVIOR ANNUITY FORM OF

More information

Distributions and Rollovers from

Distributions and Rollovers from Page 1 of 6 Frequently Asked Questions about Distributions and Rollovers from Retirement Accounts Choosing what to do with your retirement savings is an important decision. Tax implications are just one

More information

Custodial Account Agreement For Individual Retirement Accounts & Coverdell Education Savings Accounts

Custodial Account Agreement For Individual Retirement Accounts & Coverdell Education Savings Accounts Custodial Account Agreement For Individual Retirement Accounts & Coverdell Education Savings Accounts For additional information please call toll-free (866) 236-0050 or visit us on the web at www.osterweis.com.

More information

Custodial Account Agreement

Custodial Account Agreement Custodial Account Agreement For Individual Retirement Accounts Mail to: Ziegler Funds c/o U.S. Bancorp Fund Services, LLC PO Box 701 Milwaukee, WI 53201-0701 Overnight Express Mail To: Ziegler Funds c/o

More information

Roth IRA Custodial Agreement and Disclosures. Important legal information, disclosures, and terms you need to know

Roth IRA Custodial Agreement and Disclosures. Important legal information, disclosures, and terms you need to know Roth IRA Custodial Agreement and Disclosures Important legal information, disclosures, and terms you need to know Effective March 1, 2014 Roth NotesIRA Custodial Agreement and Disclosures Table of contents

More information

YOUR GUIDE TO YOUR UNITED AMERICAN IRA

YOUR GUIDE TO YOUR UNITED AMERICAN IRA 3700 S. STONEBRIDGE DRIVE POST OFFICE BOX 8080 MCKINNEY, TEXAS 75070-8080 YOUR GUIDE TO YOUR UNITED AMERICAN IRA PLAN CODE: E91 UASA DF PC E91 UAI1422 1209 Your Guide to Your United American IRA This Guide

More information

Distribution Options. For Defined Contribution and 403(b) Plans Without Life Annuities

Distribution Options. For Defined Contribution and 403(b) Plans Without Life Annuities Distribution Options For Defined Contribution and 403(b) Plans Without Life Annuities Take the Time to Decide What will you do with your retirement savings? Life is full of changes. We retire. We change

More information

TD AMERITRADE Clearing, Inc. Traditional, SEP

TD AMERITRADE Clearing, Inc. Traditional, SEP TD AMERITRADE Clearing, Inc. Traditional, SEP and Rollover IRA Disclosure Statement & Custodial Agreement Disclosure Statement The Individual Retirement Account (IRA) presented with this report is a retirement

More information

TOWN OF NATICK OBRA 457 DEFERRED COMPENSATION GOVERNMENTAL PLAN DISTRIBUTION FORM

TOWN OF NATICK OBRA 457 DEFERRED COMPENSATION GOVERNMENTAL PLAN DISTRIBUTION FORM TOWN OF NATICK OBRA 457 DEFERRED COMPENSATION GOVERNMENTAL PLAN DISTRIBUTION FORM PARTICIPANT/ ALTERNATE PAYEE INFORMATION DISTRIBUTION REASON PAYMENT METHOD SPOUSE S CONSENT TO DISTRIBUTION (not applicable

More information

USAA SIMPLE/SEP-IRA. Disclosure Statements and Custodial Agreements 49629-1215

USAA SIMPLE/SEP-IRA. Disclosure Statements and Custodial Agreements 49629-1215 USAA SIMPLE/SEP-IRA Disclosure Statements and Custodial Agreements 49629-1215 Table of Contents A. SIMPLE IRA Custodial Agreement 2 B. SIMPLE IRA Disclosure Statement 3 C. SEP-IRA Custodial Agreement 7

More information

401(k) DISTRIBUTION FORM

401(k) DISTRIBUTION FORM Page 1 of 2 401(k) DISTRIBUTION FORM Death Claims These are given special handling by JEM. Please call us at call 1-800-943-9179 for assistance. Participant Information First Name MI Last Employer Street

More information

IRA Custodian Disclosure Statement and Plan Agreement

IRA Custodian Disclosure Statement and Plan Agreement Deutsche Asset & Wealth Management IRA Custodian Disclosure Statement and Plan Agreement Retain these pages for your records. Custodian disclosure statement The following information is provided to you

More information

SCHNEIDER FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

SCHNEIDER FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA SCHNEIDER FUNDS INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA BNY MELLON INVESTMENT SERVICING TRUST COMPANY Supplement to the Traditional and Roth Individual Retirement Account (IRA)

More information

Custodial Account Agreement for Individual Retirement Accounts & Coverdell Education Savings Accounts

Custodial Account Agreement for Individual Retirement Accounts & Coverdell Education Savings Accounts Custodial Account Agreement for Individual Retirement Accounts & Coverdell Education Savings Accounts For additional information, please contact us at (800) 341-8900 or visit www.permanentportfoliofunds.com.

More information

Individual Retirement Account & Coverdell Education Savings Account Disclosure Statement & Custodial Account Agreement

Individual Retirement Account & Coverdell Education Savings Account Disclosure Statement & Custodial Account Agreement Individual Retirement Account & Coverdell Education Savings Account Disclosure Statement & Custodial Account Agreement Mail to: Convergence Funds c/o U.S. Bancorp Fund Services, LLC PO Box 701 Milwaukee,

More information

INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS PRIVACY NOTICE 3 SUPPLEMENT TO DISCLOSURE STATEMENT 5 COMBINED DISCLOSURE STATEMENT 6 TRADITIONAL INDIVIDUAL RETIREMENT

More information

Individual Retirement Account (IRA) Traditional IRA SEP IRA. Roth IRA

Individual Retirement Account (IRA) Traditional IRA SEP IRA. Roth IRA Individual Retirement Account (IRA) Traditional IRA SEP IRA Roth IRA TABLE OF CONTENTS COMBINED DISCLOSURE STATEMENT 3 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT DISCLOSURE 4 ROTH INDIVIDUAL RETIREMENT

More information

Regarding Individual Retirement Annuity (IRA) Plans Described in Section 408(b) of the Internal Revenue Code

Regarding Individual Retirement Annuity (IRA) Plans Described in Section 408(b) of the Internal Revenue Code IRA DISCLOSURE STATEMENT Regarding Individual Retirement Annuity (IRA) Plans Described in Section 408(b) of the Internal Revenue Code This Disclosure Statement ( Disclosure ) presents a general overview

More information

Frequently asked questions

Frequently asked questions Page 1 of 6 Frequently asked questions Distributions and rollovers from retirement accounts Choosing what to do with your retirement savings is an important decision. Tax implications are just one of several

More information

457(b) RSP DISTRIBUTION FORM

457(b) RSP DISTRIBUTION FORM 457(b) RSP DISTRIBUTION FORM Death Claims These are given special handling by JEM. Please call us at call 1-800-943-9179 for assistance. Participant Information First Name MI Last Employer Street Address

More information

1. Participant Information Please print clearly in CAPITAL LETTERS.

1. Participant Information Please print clearly in CAPITAL LETTERS. REQUIRED MINIMUM DISTRIBUTION FORM PLAN NAME: PLAN NUMBER: Use this form to request a required minimum distribution following attainment of age 70½, unless you are still employed and are not a 5% owner.

More information

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will

More information

Participant Name (First) (Middle Initial) (Last) Social Security Number I.D. Number. Participant Address (Street) City State ZIP Code + 4

Participant Name (First) (Middle Initial) (Last) Social Security Number I.D. Number. Participant Address (Street) City State ZIP Code + 4 Mailing Address: Des Moines, IA 50392-0001 Principal Life Insurance Company Early Withdrawal of Benefits Without Guaranteed Accounts No Spousal Consent Needed CTD00603 Complete this form to withdraw part

More information

TRADITIONAL OR SEP IRA APPLICATION AND AGREEMENT

TRADITIONAL OR SEP IRA APPLICATION AND AGREEMENT TRADITIONAL OR SEP IRA APPLICATION AND AGREEMENT P. O. BOX 701 Milwaukee WI 53201 (800) 421-4184 Fax (855) 394-8958 www.eagleasset.com Important Information About Opening a New Account: Federal law requires

More information

KENTUCKY PUBLIC EMPLOYEES DEFERRED COMPENSATION AUTHORITY

KENTUCKY PUBLIC EMPLOYEES DEFERRED COMPENSATION AUTHORITY KENTUCKY PUBLIC EMPLOYEES DEFERRED COMPENSATION AUTHORITY Deemed IRA Account Withdrawal Form Instructions/Definitions (attachment to Deemed IRA Account Withdrawal Form) Rules and Conditions. For proper

More information

Information About Your Hardship Withdrawal Request. Types of Requests

Information About Your Hardship Withdrawal Request. Types of Requests Information About Your Hardship Withdrawal Request A Hardship Withdrawal from a 401(k) Plan is subject to IRS Regulations. Please review the following information before completing the Request form. Types

More information

TAX SHELTERED ANNUITY ROLLOVER / PARTIAL WITHDRAWAL / FULL SURRENDER REQUEST

TAX SHELTERED ANNUITY ROLLOVER / PARTIAL WITHDRAWAL / FULL SURRENDER REQUEST General American Retirement & Investment Services PO Box 19098 Greenville, SC 29602 Customer Service: 800-449-6447 Fax: 866-214-0926 TAX SHELTERED ANNUITY ROLLOVER / PARTIAL WITHDRAWAL / FULL SURRENDER

More information

Table of Contents. 1. GENERAL... 1 1.1 Disclosure Statement and Master Terms of Individual Retirement Accounts... 1 1.2 Definitions...

Table of Contents. 1. GENERAL... 1 1.1 Disclosure Statement and Master Terms of Individual Retirement Accounts... 1 1.2 Definitions... i Table of Contents 1. GENERAL... 1 1.1 Disclosure Statement and Master Terms of Individual Retirement Accounts... 1 1.2 Definitions... 1 2. IRA ESTABLISHMENT AND ELIGIBILITY... 3 2.1 Establishing an IRA...

More information

T he transfer of assets upon death by residents of Puerto Rico ( PR ) may be subject to estate taxes imposed by the United

T he transfer of assets upon death by residents of Puerto Rico ( PR ) may be subject to estate taxes imposed by the United US and PR Estate Tax considerations for Puerto Rico Residents Born in PR or Who Acquired US Citizenship Solely by Residency in PR (PR Persons) By: Ricardo Muñiz, Esq. T he transfer of assets upon death

More information

LOCAL 348 ANNUITY FUND 9235 4 TH AVENUE, BROOKLYN, NY 11209

LOCAL 348 ANNUITY FUND 9235 4 TH AVENUE, BROOKLYN, NY 11209 TEL. # 718-745-3487 FAX # 718-745-2976 CLAIM FOR DEATH BENEFIT INSTRUCTIONS: - Please print in ink or type. - Complete all applicable items. - Sign and have this form notarized - Attach a certified copy

More information

Custodial Account Agreement

Custodial Account Agreement Custodial Account Agreement For Individual Retirement Accounts & Coverdell Education Savings Accounts Mail to: Direxion Funds c/o U.S. Bancorp Fund Services, LLC PO Box 701 Milwaukee, WI 53201-0701 Overnight

More information

Individual Retirement Account (IRA) Information Kit

Individual Retirement Account (IRA) Information Kit PNC Funds Individual Retirement Account (IRA) Information Kit Traditional IRA SEP IRA Roth IRA TABLE OF CONTENTS TRADITIONAL AND ROTH INDIVIDUAL RETIREMENT ACCOUNT COMBINED DISCLOSURE STATEMENT... 1 TRADITIONAL

More information

SUMMARY OF FEDERAL INCOME TAX RULES RELATING TO DISTRIBUTIONS FROM QUALIFIED RETIREMENT PLANS

SUMMARY OF FEDERAL INCOME TAX RULES RELATING TO DISTRIBUTIONS FROM QUALIFIED RETIREMENT PLANS SUMMARY OF FEDERAL INCOME TAX RULES RELATING TO DISTRIBUTIONS FROM QUALIFIED RETIREMENT PLANS BASED ON SAFE HARBOR NOTICE PER IRS NOTICE 2014-74 (Rev. November 2014) SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS

More information

AMENDMENT TO YOUR TRADITIONAL IRA

AMENDMENT TO YOUR TRADITIONAL IRA INDIVIDUAL RETIREMENT ANNUITY DISCLOSURE STATEMENT AMENDMENT This disclosure statement explains the rules governing a Traditional IRA. The term IRA will be used in this disclosure statement to refer to

More information

Janus Qualified Retirement Accounts Distribution Form

Janus Qualified Retirement Accounts Distribution Form Janus Qualified Retirement Accounts Distribution Janus Qualified PO Box 55932 Form Retirement Accounts Distribution Form Boston, MA 02205-5932 800-525-1093 PO Box 55932 Boston, MA 02205-5932 800-525-1093

More information

GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION

GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION GOLD CROSS SERVICES, INC. 401(K) RETIREMENT SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...

More information

Your IRA - Start Planning for Tomorrow Today!

Your IRA - Start Planning for Tomorrow Today! Your IRA - Start Planning for Tomorrow Today! Retirement planning should be an important part of everyone's financial strategy. Despite changes in tax laws, an Individual Retirement Account is still one

More information

SPECIAL TAX NOTICE FOR PARTICIPARTS RECEIVING PLAN BENEFIT PAYMENTS

SPECIAL TAX NOTICE FOR PARTICIPARTS RECEIVING PLAN BENEFIT PAYMENTS SPECIAL TAX NOTICE FOR PARTICIPARTS RECEIVING PLAN BENEFIT PAYMENTS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan

More information

BNY MELLON INVESTMENT SERVICING TRUST COMPANY. Supplement to the Traditional and Roth Individual Retirement Account (IRA) Disclosure Statement

BNY MELLON INVESTMENT SERVICING TRUST COMPANY. Supplement to the Traditional and Roth Individual Retirement Account (IRA) Disclosure Statement BNY MELLON INVESTMENT SERVICING TRUST COMPANY Supplement to the Traditional and Roth Individual Retirement Account (IRA) Disclosure Statement IMPORTANT CHANGES TO THE RULES GOVERNING INDIRECT (60 DAY)

More information

SUMMARY PLAN DESCRIPTION. Roman Catholic Diocese of Erie, Pennsylvania 401(k) Retirement Plan

SUMMARY PLAN DESCRIPTION. Roman Catholic Diocese of Erie, Pennsylvania 401(k) Retirement Plan SUMMARY PLAN DESCRIPTION Roman Catholic Diocese of Erie, Pennsylvania 401(k) Retirement Plan Table of Contents I. BASIC PLAN INFORMATION AND DEFINITIONS...2 A. ACCOUNT...2 B. BENEFICIARY...2 C. DISABLED

More information

Dear Plan Participant:

Dear Plan Participant: Dear Plan Participant: Enclosed are materials to help you understand your Marsh & McLennan Companies 401(k) Savings & Investment Plan (Plan) distribution options as a terminated employee. The kit contains

More information

Eagle Family of Funds Traditional IRA and SEP IRA Disclosure Statement

Eagle Family of Funds Traditional IRA and SEP IRA Disclosure Statement Eagle Family of Funds Traditional IRA and SEP IRA Disclosure Statement General Information Please read the following information together with the Individual Retirement Account Custodial Agreement and

More information

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS

SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will

More information

Salary Reduction Simplified Employee Pension (SAR-SEP) Plan Employer Adoption Agreement For Use with the Traditional IRA Application

Salary Reduction Simplified Employee Pension (SAR-SEP) Plan Employer Adoption Agreement For Use with the Traditional IRA Application december 2011 Salary Reduction Simplified Employee Pension (SAR-SEP) Plan Employer Adoption Agreement For Use with the Traditional IRA Application Employer s Guide to the SAR-SEP Plan Salary Reduction

More information

NEW ALTERNATIVES FUND, INC. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA

NEW ALTERNATIVES FUND, INC. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA NEW ALTERNATIVES FUND, INC. INDIVIDUAL RETIREMENT ACCOUNT (IRA) TRADITIONAL IRA SEP IRA ROTH IRA TABLE OF CONTENTS PRIVACY POLICY 3 COMBINED DISCLOSURE STATEMENT 4 TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT

More information

UBS Financial Services Inc. SIMPLE IRA Summary Description

UBS Financial Services Inc. SIMPLE IRA Summary Description UBS Financial Services Inc. SIMPLE IRA Summary Description Your employer has adopted a SIMPLE IRA Plan (SIMPLE IRA Plan) to provide you with a tax-deferred means to accumulate savings for retirement through

More information

Special Tax Notice Regarding Plan Payments Under Governmental 401(a) Plans

Special Tax Notice Regarding Plan Payments Under Governmental 401(a) Plans Special Tax Notice Regarding Plan Payments Under Governmental 401(a) Plans Page 1 of 8 This notice explains how you can continue to defer federal income tax on your retirement savings in the Indiana State

More information

Governmental 457(b) Application For Distribution

Governmental 457(b) Application For Distribution #1303-PS (5/14/2008) Governmental 457(b) Application For Distribution GENERAL INFORMATION Name of Plan Name of Employer Address City State Zip Name of Participant Date of Birth Complete the following section

More information

Death Benefit Distribution Claim Form Non-Spousal Beneficiary

Death Benefit Distribution Claim Form Non-Spousal Beneficiary Death Benefit Distribution Claim Form Non-Spousal Beneficiary READ THE ATTACHED IRS SPECIAL TAX NOTICE: IF THE PLAN ALLOWS FOR AN ANNUITY OPTION, READ THE WRITTEN EXPLANATION OF QUALIFIED JOINT AND 50%

More information

A. TYPES OF PLAN DISTRIBUTIONS

A. TYPES OF PLAN DISTRIBUTIONS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS This notice explains how you can continue to defer federal income tax on your retirement plan savings in the Plan and contains important information you will

More information

Voya Funds Individual Retirement Account (IRA)

Voya Funds Individual Retirement Account (IRA) Voya Funds Individual Retirement Account (IRA) Traditional IRA SEP IRA Roth IRA For financial professional use only. Not for inspection by, distribution or quotation to, the general public. INVESTMENT

More information

BENEFICIARY DISTRIBUTION FORM

BENEFICIARY DISTRIBUTION FORM Marsh & McLennan Companies 401(k) Savings & Investment Plan BENEFICIARY DISTRIBUTION FORM Use this form to request a distribution as a beneficiary following the death of a participant. IMPORTANT If you

More information

ARTICLE I ARTICLE II ARTICLE III ARTICLE IV

ARTICLE I ARTICLE II ARTICLE III ARTICLE IV SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) Form 5305-SA (Rev. March 2002) Department of the Treasury, Internal Revenue Service. Do not file with

More information

Annuity Election. Instructions. Section A. Employer Information. Section B. Participant Information. Section C. Distribution Information

Annuity Election. Instructions. Section A. Employer Information. Section B. Participant Information. Section C. Distribution Information Annuity Election Instructions To elect an annuity, complete all applicable sections of this form, obtain any required signatures, and return the form to Diversified at the above address. The following

More information

Withdrawal Request Form

Withdrawal Request Form Without Spousal Consent Section I: Plan Information Plan Name: Plan Sponsor Name: Section II: Participant Information **If you have a P.O. Box, U.S. tax laws require a street address to be indicated, or

More information

Traditional IRA SEP IRA Roth IRA. Disclosure Statement & Custodial Account Agreement

Traditional IRA SEP IRA Roth IRA. Disclosure Statement & Custodial Account Agreement Traditional IRA SEP IRA Roth IRA Disclosure Statement & Custodial Account Agreement Table of Contents Page in Document PART I COMBINED DISCLOSURE STATEMENT AND CUSTODIAL ACCOUNT AGREEMENT... 1 TRADITIONAL

More information

Retirement Plan DISTRIBUTION FORM

Retirement Plan DISTRIBUTION FORM Retirement Plan Services P.O. Box 2978 5910 Mineral Point Road Madison, WI 53701-2978 Phone: 800.999.8786 Fax: 608.236.8017 www.benefitsforyou.com Retirement Plan DISTRIBUTION FORM DEFINED CONTRIBUTION

More information

Roth Individual Retirement Account Disclosure Statement and Custodial Agreement

Roth Individual Retirement Account Disclosure Statement and Custodial Agreement First Clearing, LLC Roth Individual Retirement Account Disclosure Statement and Custodial Agreement Effective November 16, 2013 544260 (Rev 14-11/13) Page 1 of 24 Table of Contents Section I: Disclosure

More information

SUMMARY PLAN DESCRIPTION. Health Care Innovations, Inc. 401(k) Plan

SUMMARY PLAN DESCRIPTION. Health Care Innovations, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION Health Care Innovations, Inc. 401(k) Plan 04/30/2007 Health Care Innovations, Inc. 401(k) Plan SUMMARY PLAN DESCRIPTION...3 I. BASIC PLAN INFORMATION...4 A. ACCOUNT...4 B. BENEFICIARY...4

More information

Individual Retirement Arrangements (IRAs)

Individual Retirement Arrangements (IRAs) Department of the Treasury Internal Revenue Service Publication 590 Cat. No. 15160x Individual Retirement Arrangements (IRAs) (Including Roth IRAs and Education IRAs) For use in preparing 1999 Returns

More information

NOTICE OF HARDSHIP WITHDRAWAL

NOTICE OF HARDSHIP WITHDRAWAL NOTICE OF HARDSHIP WITHDRAWAL The current Plan provides that certain amounts may be withdrawn if you have a financial hardship. This hardship distribution is not in addition to your other benefits and

More information

IRA Transfer Form [If this is for a new IRA Account, an IRA Application must accompany this form.]

IRA Transfer Form [If this is for a new IRA Account, an IRA Application must accompany this form.] IRA Transfer Form [If this is for a new IRA Account, an IRA Application must accompany this form.]! Mail to: Nuance Funds c/o U.S. Bancorp Fund Services, LLC PO Box 701 Milwaukee, WI 53201-0701 Milwaukee,

More information