Rollover Eligible
Definition Another name for eligible rollover distribution (ERD), which is used in reference to a distribution that is eligible to be rolled over to an
IRA Distributions
Amounts are withdrawn from IRAs. Distributions are included in the recipient’s income unless properly rolled over
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Computation period
Definition The period beginning immediately prior to the time that the contribution or conversion that is being returned or recharacterized was made to the IRA
Adjusted closing balance
Definition The adjusted closing balance is the fair market value of the assets at the end of the computation period plus: Any distributions from the
Adjusted opening balance
Definition For purposes of computing the NIA (net income attributable) on a recharacterization or return of excess IRA contribution. The fair market value of the IRA
Partial Recharacterization
Definition A recharacterization of less than the account balance (from which the contribution or conversion is being recharacterized), or less than the total (traditional or
Reportable
·Definition Retirement-Industry term used to refer to a transaction that occurs in a retirement account, which the plan administrator, IRA custodian, or payer is required
HSA Funding Distribution (HFD)
Definition A qualified HSA funding distribution (QHFD) is a distribution from a traditional IRA or a Roth IRA , that is made to the individual’s Health
72(t) Payments / Substantially Equal Periodic Payment (SEPP)
Definition A series of distributions from a qualified plan, 403(b) arrangement, or IRA, that are made in equal installment payments, over the life expectancy of
