Rollover IRA

• Plan description
• Key features
• Who can establish
• Annual fees

Plan description

An individual retirement plan for retirement assets rolled over from other eligible retirement plans.

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Key features

• Direct Rollovers: An eligible rollover distribution from an eligible plan that is made payable to the custodian of the accepting Rollover IRA.
• Indirect Rollovers: An eligible rollover distribution from an eligible plan that is made payable to you and is reinvested in a Rollover IRA within 60 days of receipt. Distributions from one IRA that are reinvested within 60 days to another IRA can only be made once in any one-year period. This rule applies separately to each IRA you own.

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Who can establish

Anyone who receives an eligible rollover distribution.

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Annual fees

$10 per account¹ (includes 1099R and 5498).

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¹$10 per account is drafted automatically unless otherwise instructed.

This information does not constitute tax advice. Please consult your tax adviser about your particular situation.