Yes, individuals can contribute to a traditional IRA whether or not they are covered by another retirement plan. However, they may not be able to deduct all of their contributions if they or their spouses are covered by an employer-sponsored retirement plan. [Note that contributions to a Roth IRA are not deductible and income limits apply.] See Publication 590 for further information.

Provided the IRA document permits rollovers, almost any type of plan distribution can be rolled over into it. See similar questions...

Yes, you can contribute to a traditional IRA whether or not you are covered by another retirement plan. However, you may not be able to deduct all of your contributions if you or your spouse is covered by an employer-sponsored retirement plan. See similar questions...

A rollover requires a distribution from an IRA or qualified plan, which is then rolled over into an IRA account within a 60 day period to complete the rollover transaction. While the rules for rollovers and transfers differ, they accomplish similar objectives. Both rollovers and transfers facilitate the tax-free movement of IRA monies from one trustee or custodian to another. See similar questions...

Yes. If you have left the federal government for at least 31 days, you can have your TSP funds rolled over to a Rollover IRA. Keep in mind that you need to first select a financial institution and the investment that will receive your TSP account balance for a trustee-to-trustee transfer. You must not receive any of your TSP funds to avoid income taxes. If you do, the TSP office will be required to withhold taxes from your TSP distribution. See similar questions...

Eligibility for the Retirement Benefits is based on set criteria stated in our Policies & Procedures. Stetson University contributes 5% or 10% of an employee's gross base salary to Teachers Insurance Annuity Association-College Retirement Equities Fund (TIAA/CREF) for all full-time employees. Upon notification of eligibility, employees must complete a TIAA-CREF application. See similar questions...

When you open a Rollover IRA to receive a qualified distribution, you can defer any current tax liability on that distribution and your funds can continue to grow on a tax-deferred basis until you withdraw them. Morgan Stanley and its Financial Advisors do not offer tax advice. Individuals should consult their personal tax advisor before making any tax-related investment decisions. Branch Locator | Site Map | Privacy | Terms of Use | Disclosures | Morgan Stanley DW Inc. See similar questions...

In most cases there is no limit on the amount you may transfer or roll over into an IRA because you are simply moving the money from one type of retirement plan to another. You may transfer or roll over your IRA regardless of your age. However, if you are 70? or older, you must receive a minimum required distribution from your IRA each year. This should be taken into account in planning your rollover. See similar questions...

There is no limit on the amount that can be converted to a Roth IRA as long as your modified adjusted gross income is below $100,000 per year. Not so. Any amount can be converted to a Roth IRA if you meet the $100,000 per year income limit. However, only $3,000 in 2003 can be contributed to a Roth IRA subject to certain income limits. Investors 50 years old or above may make an additional "catch-up" contribution of $500, bringing their total to $3,500 for the year. See similar questions...

Effective January 1, 2003, pre-tax money from an eligible retirement plan or an eligible IRA may be accepted via rollover or in-service plan-to-plan transfer to purchase creditable service. For further information and instructions, please see Form 398, "Using a Distribution of Tax-Sheltered Savings to Purchase Retirement Credit." See similar questions...

Yes. Provided such rollovers are from eligible retirement plans allowable under applicable federal statute law. See similar questions...

Community Based Services has a Tax Sheltered Annuity that an employee can contribute to in order to save money on a pretax basis for retirement purposes (please see Tax Sheltered Annuity under "Employee Benefits and Incentives"). Community Based Services also provides a Defined Benefit/Profit Sharing Trust that the Agency contributes to on behalf of the employee for retirement purposes (please see Defined Benefit/Profit Sharing Trusts). See similar questions...

You may name a spouse, a family member, or another party as beneficiary of your rollover IRA. Beneficiary decisions are usually revocable and careful thought should be given to the tax and distribution ramifications of your final choice. See similar questions...

Yes. Traditional IRAs as well as other qualified retirement plans are subject to mandatory required minimum distributions (RMD) that must begin by April 1st of the year after the year in which a participant reaches age 70 ½. Not meeting the RMD or forgetting to distribute tax qualified funds after age 70 ½ will generally result in an IRS 50% excise tax. Our rollover specialists can help you to determine your RMD. See similar questions...

If you have been covered by your employer's retirement plan and are about to receive a qualified distribution from that plan, you may be eligible to establish a Rollover IRA. You may establish a Rollover IRA at any age. See similar questions...

Yes. A rollover takes place when the IRA funds are paid directly to you and re-deposited (roll-over) into an IRA within 60 calendar days of receipt. The 60-day period begins the day after you receive the payment. A rollover transaction from an IRA may not occur more than once during a 12-month period. This 12-month rule applies to each separate IRA you own and is determined from the date the IRA funds are received. See similar questions...

Yes! Although an MSA operates under many of the same rules that apply to traditional IRAs, it is not an IRA. In other words, an MSA is not a "retirement" plan--it is a "savings account" plan for medical expenses. Plus, unlike an IRA, there are no special income restrictions! See similar questions...

Contact an Information Representative by calling 1-800-843-5233. Once the auto attendant answers your call, press 2 or hold and you will be automatically transferred. The Information Representative will need the following information: name, address, phone number, date of birth, and social security number. The same information is needed for the primary and contingent beneficiaries. See similar questions...