Carefully read the enclosed information. Please consult with your attorney or tax advisor if you are thinking about starting your own trust. Before you complete any forms, read the Disclosure Statement and Trust Agreement in their entirety. The Internal Revenue Service approved these documents before EGTRRA Economic Growth and Tax Relief Reconciliation Act was enacted. Please make sure you read the EGTRRA changes we have included in this package. This master trust has received a favorable determination and has been assigned serial Dd. A copy of this letter can be found in the front of this booklet. Individual accounts will be opened by your broker. The title of the account will be as follows:. FBO Traditional, Roth, Rollover, or SEP IRA. It is your responsibility to direct the investment of the Trust funds. Investment directions may be given directly to your brokerage firm. Investment confirmations will be sent to you by the brokerage firm. Any transactions not generating a confirmation must be accompanied by additional written instructions. The facilities of your brokerage firm will be available to you so that you may obtain research material in connection with your investments. Your brokerage firm will receive only brokerage commissions or appropriate dealer markups for the purchase and sale of securities within your account. The brokerage firm cannot exercise discretion or control over your account, unless you are using the services of a registered investment advisor. Although they may provide investment information and advice to you, they do not intend that any advice given by them will serve as the primary basis for your investment decisions. Furthermore, it is our understanding that you will exercise independent judgment in making your investment decisions. Forward all contributions to your brokerage firm. To make sure the contributions are associated with the proper tax year, the brokerage firm's cash statement must designate the tax year piccell which the contribution is made. If no year is designated, the contribution will be considered made in the tax year in which it is deposited. With the exception of rollovers, contributions in excess of the allowable amount per year as indexedplus excess of allowable catch-up contributions as indexed or such limits as may be established by law cannot be accepted. Do not over-invest as this will cause a debit balance and may disqualify your Plan. Commissions are part of the cost of the investment and may not be paid separately. It is extremely important for you to keep good records covering your contributions and investments. Remember that you assume the responsibility for filing all Federal and State tax returns and forms required as an Account Holder of a Traditional, Roth, Rollover, or SEP IRA. Our Federal Tax ID number should appear when opening cash accounts. Internal Revenue Service IRS regulations Section 1. It also contains important tax and legal information. When used in this document, the words you and your refer to the person for whom the IRA is established. Traditional IRA refers to an IRA that is not a Roth IRA, Simplified Employee Pension Plan SEPor SIMPLE retirement account. You can cancel your IRA within seven days of the date you adopt the Trust Agreement. If you cancel or "revoke" your IRA, we will return all of your funds, xtend your acceptance fee, to you. The notice of revocation must be in writing and signed by you. You can mail the notice to us at the following address:. IRA Department Legent Clearing Corp. If you mail the notice, we will use the date of the postmark or the date of certification or registration for certified or registered mail as the date of the notice. You may call Legent Clearing Corp. The IRS approval letter at the end of this document certifies only that the IRS approves the form of the IRA. It does not represent a determination of the merits of the IRA investment plan. Anyone with earned income can set up a Roth IRA. This includes minor children. You must make contributions based on the rules in the following sub-sections. The maximum contribution you can make to your Roth IRA is based on the following four items:. Contributions to a Traditional IRA do not include SEP or SIMPLE contributions made by you or your employer. You cannot take a deduction for a contribution to a Roth IRA. This is true whether or not you are a participant in an employer-sponsored plan and regardless of your adjusted gross income. You must meet certain income requirements to contribute to a Roth IRA. If you are entitled to make a partial contribution, you can figure how much of a contribution to make by following these steps:. Generally, you may convert assets in a non-Roth IRA to a Roth IRA by paying taxes on the converted amount in the year of the conversion. You may make a rollover from one Roth IRA to another Roth IRA or convert from a Traditional IRA to a Roth IRA. 3000 cannot trading assets from a qualified retirement plan to a Roth IRA. There is no dollar limit on the amount of the transfer. Any amount that you convert to a Roth IRA is includible in your gross income for the year in which it is distributed or transferred, not the year it is deposited into the Roth IRA. There are three methods you can use to convert your assets from a Traditional IRA to a Roth IRA. You cannot rollover a Traditional IRA that you inherited, unless you inherit it from your trading. You can convert amounts in a SIMPLE Retirement Account on the same terms as a Traditional IRA, except amounts distributed from a SIMPLE Retirement Account during the first two years of participation in the SIMPLE plan. You cannot convert amounts in an employer-sponsored plan to a Roth IRA. You can deposit qualified distributions from an employer-sponsored retirement plan into a Traditional IRA then you can convert them to a Roth IRA later. A reconversion occurs when you recharacterize a conversion contribution made to a Roth IRA back to a Traditional IRA, then recharacterize it again to a Roth IRA. Effective January 1,an amount recharacterized from a Traditional IRA to a Roth IRA and then transferred back to a Traditional IRA by means of a recharacterization, may not be reconverted back to a Roth IRA before the later of:. If you make a reconversion that does not follow the above guidelines, it is treated as a "failed" conversion. This means it must be recharacterized back to a Traditional IRA. The penalty also does not apply to qualified distributions. Generally, a qualified distribution is any payment from your Roth IRA made after the fund have been in the account for five years and:. Generally, if you are the non-spouse beneficiary of a Roth IRA, you must take receipt of the IRA by the end of the fifth calendar year after the Account Holder's death. There are certain exceptions to this rule for payments made over the life expectancy of the beneficiary. You may also treat the IRA as if it is your own IRA. Simplified Employee Pension contributions and SIMPLE contributions cannot be made to a Roth IRA. If you or your spouse were covered by an employer-sponsored retirement plan at any time during the year for which you contributed, you may not be able to deduct all of your contribution s. Your deduction may be reduced or eliminated depending on your income and tax filing status. If you are an active participant in an employer-sponsored plan, your IRA deduction will be reduced as follows:. If you make a nondeductible platform to an IRA, you must report the amount of the nondeductible contribution to the IRS as part of your tax return for the year. You are an active participant if you are covered by an employer-sponsored retirement plan for the year. You are covered by an employer-sponsored retirement plan if your employer or union has a retirement plan under which money is added to your account or you are eligible to earn retirement credits. For example, if you are covered under a profit sharing plan, certain government plans, a salary reduction arrangement such as a kSEP or a platform which promises you a retirement benefit which is based on the number of years of service you have with the employer, your are likely to be an active participant. Your Form W-2 for the year should indicate whether you are a participant. You are an active participant even if your retirement benefit is not vested. You are also an active participant if you make required contributions or voluntary contributions to an employer-sponsored retirement plan. You may be an active participant even if you were only with the employer for part of the year. An employer may also make deductible contributions to an IRA through a SEP IRA that meets the requirements of Section k of the Internal Revenue Code Code. Generally, you will not pay a penalty for distributions made:. You should consult with your tax advisor or IRS Publication for more information on exceptions to the penalty tax. You must identify all applicable assets in writing when requesting a distribution or transfer. Distributions are taxed as normal income in the year you receive them. Five and ten year averaging is not allowed. Any portion of an IRA distribution that consists of nondeductible contributions will not be taxed again. If you make any nondeductible IRA contributions, each distribution from your IRA will consist of a nontaxable portion return of non-deductible contributions and a taxable portion return of platform contributions if any, and account earnings. Optionsxpress means you cannot take a distribution that is entirely tax free. You should use the following formula to determine the non-taxable portion of your distributions for a taxable year:. The Tax Code prohibits you from using your IRA to engage in certain transactions. You may lose the tax-deferred status of your IRA if you engage in these transactions. Generally, those transactions are:. If your IRA loses it's tax-deferred status, you may have to include the entire amount of the earnings in your income for the year the tax-deferred status was lost. You may also be subject to the 10 percent penalty tax on premature distributions, unless you meet the requirements for one of the exceptions to that tax. Consult with your broker or account executive about certain restrictions that are imposed by optionsxpress Trustee and the Brokerage Firm. Some examples of permissible investments include stocks, bonds, mutual funds, and certificates of deposit. This list is an example only and is not inclusive. Trading more information on prohibited transactions and certain exemptions, optionsxpress Code Section The gift tax exclusion for distributions is applicable to an IRA. In addition, the designation of a beneficiary of an IRA is not considered a transfer of property for federal gift tax purposes. You may be able to treat a contribution made to one type of IRA as having been made to a different type of IRA. You generally must have the contribution transferred from the first IRA to the second IRA in a trustee-to-trustee transfer. If you made the transfer by the due date of your tax return filing including extensions for the year during which you made the contribution, you can elect to treat the contribution as if it was made to the second IRA on the same date you actually made it. The transfer must include any net earnings allocable to the contribution. The contribution will not be treated optionsxpress having been made to the second IRA if any deduction was allowed for the contribution to the first IRA. If you moved a contribution from one IRA to another in a tax-fee transfer, such as a rollover, the contribution to the second IRA generally cannot be recharacterized. There is an exception for moves from a Traditional IRA to a SIMPLE Retirement Account. If you mistakenly roll over or transfer an amount from a Traditional IRA to a SIMPLE; you can later recharacterize the amount as a contribution to another Traditional IRA. You cannot recharacterize employer contributions including elective deferrals under a SEP or SIMPLE plan as contributions to another IRA. The recharacterization of a contribution is not treated as a rollover for purposes of the one-year waiting period. You must notify both the trustee of the first IRA and the trustee of the second IRA that you have elected to treat the contribution as if you made it to the second IRA. Optionsxpress must make the notification by the date of the transfer. The notification must include:. An excess contribution is one that you make that exceeds the amount you are allowed to make. The IRS may penalize you up to 6 percent of the excess contribution amount. You can make a correction before your tax-filing deadline to avoid the 6 percent tax penalty by:. You are responsible for computing the earnings and providing that figure to us on your completed distribution form. You may also owe the IRS a 10 percent premature distribution penalty tax on the earnings, even if you removed them before the tax-filing deadline. The 6 percent tax penalty will continue to be assessed each year, until you correct the excess contribution. You can avoid the penalty in subsequent years by:. If you correct only a part of the excess contribution, you will be continue to be liable for the tax on the amount not corrected. Your Annual Trustee Fees depend on which Brokerage Firm services your IRA. Please check with your Brokerage's Firm Fee Schedule for all fees applicable to your account. The custodian will collect all fees, expenses, and taxes for the Trustee as directed by us. Such collection of fees by the custodian may be made without your approval or direction. The Trustee reserves the right to revise the fee schedules and will provide ample advance written or electronic notice of any revision to the Account Holder. Brokerage commissions are considered a separate cost and are in addition to the above fees charged by the Trustee. Questions about brokerage commissions should be discussed with your broker or account executive before any orders are executed. It is your responsibility to select and direct the investments of the Trust, either in person or through a broker, account executive or investment advisor. The investments you choose must conform to the Self-Directed IRA Trust Agreement. For example, you may invest in stocks, bonds, mutual funds, savings programs, and other lawful transactions as stated in the Trust. This list is an example only. Investments that do not generate confirmations must be accompanied by additional written instructions. No part of your IRA may be invested in collectibles within the meaning of Code Section m except for certain coins and bullion defined in Code Section m 3. Any investments in collectibles will be treated as a distribution. No part of your IRA may be invested in life insurance contracts or commingled 3000 other property, except in 3000 common trust or investment fund, described in Code Section a 5. Although the Brokerage Firm may provide investment information to you, any information given by them should not serve as a primary basis for your investment decisions. Any questions about the authority of your broker should be directed to the Brokerage Firm. The broker is not an employee of Delaware Charter and Delaware Charter does not supervise or control the activity of the broker. Furthermore, it is our understanding that you will exercise independent judgment when you make your investment decisions. You must file a Form Return for Individual Retirement Savings Arrangement with Form if you owe:. We will complete Form and mail it to the IRS each year. This form reports contributions, conversions, and rollovers received during the year. To ensure accuracy, the cash statement from the Brokerage Firm must reflect the applicable tax year for each contribution and note whether the contribution is a regular or rollover contribution. If you are an employer and wish to establish a Simplified Employee Pension Plan, you must obtain and complete Form SEP. This form is available at your local IRS office. You may also call the IRS at or visit their web site at www. Please contact our Customer Service area for Form SIMPLE if you want to establish a SIMPLE plan. The determination that any provision of this Self-Directed IRA Trust Agreement is not enforceable in accordance with its terms in piccell particular jurisdiction shall not affect the validity or enforceability of the remaining provisions of this Self-Directed IRA Trust Agreement generally or in any other jurisdiction or as to any other parties, but rather such unenforceable provisions shall be stricken or modified in accordance with such determination only as to such parties and this Agreement, as modified, shall continue to bind the specific parties involved therein and otherwise all other parties in unmodified form. Further information can be obtained from any district office of the Internal Revenue Service. You should check with your legal counsel if you have any questions about how this information applies to your particular situation. The purpose of this Trust is to establish a Traditional IRA under Code Section a or a Roth IRA under Code Section A to provide benefits for an individual or their beneficiaries upon their retirement, disability, or death. At no time shall the account be operated as both a Roth IRA and a Traditional IRA. As used in both the Traditional IRA and Roth IRA Self-Directed Individual Retirement Trust Agreement, the following terms shall have the meanings set forth below, unless a different meaning is plainly required by the context:. This includes but is not limited to commissions paid salespersons, compensation for services on the basis of a percentage of profits, commissions trading insurance premiums, tips, and bonuses. It also includes earned income, as defined in Code Section c 2 reduced by the deduction the self-employed individual takes for contributions made to a self-employed retirement plan. For purposes of this definition, Code Section c 2 shall be applied as if the term trade or business, for purposes of Code Sectionincluded service described in subsection c 6. Compensation does not include amounts derived from or received as earnings or profits from property 3000 but not limited to interest and dividends or amounts not includible in gross income. Compensation also does not include any amount received as a pension or annuity or as deferred compensation. Compensation does include any amount includible in the Account Holder's gross income under Code Section 71 with respect to a divorce or separation instrument described in subparagraph A of Section 71 b 2. With respect to Roth IRAsin the case of a married individual filing a joint return, the greater compensation of his or her spouse is treated as his or her own compensation, but only to the extent that such spouse's compensation is not being used for purposes of the spouse making a contribution to a Roth IRA or a deductible contribution to a non-Roth IRA. Conversions can be reconverted one time during the calendar year during which they were made. An eligible Individual is any person who received compensation for services including earned income of a self-employed individual during the taxable year and has a modified adjusted gross income MAGI which is trading than the amount allowed for their filing status. As a condition of participation, the Account Holder is required to consent to the terms and conditions of this Trust, as may be amended from time to time. Agreement need not be in writing. A qualified rollover contribution or recharacterization as described 3000 Section 3. The contribution limit is reduced if the Account Holder's filing status is:. Contributions to this Roth IRA are also reduced by the amount of contributions made to a Traditional IRA. For purposes of Sections 3. MAGI does not include amounts includible in Adjusted Gross Income because of a conversion from a Traditional IRA. A regular contribution to a Traditional IRA or a SIMPLE plan may be recharacterized as a regular contribution to this Roth IRA subject to the terms and limitations in Treasury Regulation Section 1. No amounts made under a SIMPLE plan established by an employer under Code Section p or a SEP established by an employer under Code Trading j or k will be accepted into this Trust. No amounts attributable to an employer contribution to a SIMPLE plan can be converted to a Roth IRA during the 2-year period beginning on the date the Account Holder first participated in the SIMPLE. This Trust will accept rollovers from other Roth IRAs provided they are deposited within 60 days of the date distributed from the previous Roth IRA as permitted under applicable laws. A qualified rollover is one that meets the requirements of Section d 3 of the Code, except the one rollover per twelve consecutive months rule does not apply if the rollover is from an IRA other than a Roth IRA. For the purposes of this Section 3. Conversion amounts must be qualified rollover contributions under Code Section A eand therefore, platform satisfy Code Section d 3. Any amount converted from a non-Roth IRA to a Roth IRA will be treated as a distribution from the non-Roth IRA and a rollover to the Roth IRA regardless of the actual means by which the assets are converted. Amounts held in a SEP or SIMPLE plan may be converted. In the case of a SIMPLE plan, the conversion may be done only after the expiration of the two-year period as described in Code Section 72 t 6. No SEP or SIMPLE contributions can be made to a Roth IRA. Amounts held in retirement plans other than IRAs cannot be converted directly to a Roth IRA. On or before the due date for filing taxes, plus extensions, an Account Holder may recharacterize IRA contributions, including Roth IRA Conversion Contributions by means of a Trustee transfer. Recharacterized amounts will be treated as if they were made to the transferee plan and not the transferor plan if such recharacterizations are made in compliance with Code Section A d 6Treasury Regulation Section 1. Beginning January 1,amounts that are transferred from a Traditional IRA to a Roth IRA by means of a recharacterization may not be converted before the later of the beginning of the taxable year following the taxable year in which the amount was converted to a Roth IRA or the end of the day period beginning on the day on which the Account Holder recharacterizes the amount from the Roth IRA back to the Traditional IRA. A Reconversion made before the later of the beginning of the next taxable year or the end of the day period is treated as a failed Reconversion. For this purpose only, a failed Trading Contribution that is the result of a failure to satisfy the statutory requirements for a Conversion contribution is treated as a Conversion contribution in determining when the Account Holder can make a Reconversion. The Account Holder is not required to take distributions from his or her Roth IRA during their lifetime. The Beneficiary must take distributions as outlined in Paragraphs F through L 3000 this Section, 3. A qualified distribution is a distribution of assets that have been in the account for five years and: Withdrawals of excess contributions and the earnings on them before the due date of your tax return including extensions are not qualified distributions. The earnings are taxable in the year for which the contribution was made and may be subject to a 10 percent early distribution penalty. Distributions that are not qualified distributions may be partially taxable. The tax treatment of these withdrawals and the earnings thereon must be withdrawn according to the order and aggregation rules as outlined in Code Section A d F 4. The taxable portion of other withdrawals that are not qualified distributions are subject to the additional tax on premature distributions, unless one of the exceptions applies. If the Account Holder dies before their entire interest is distributed, the balance will be distributed to the Beneficiary or Beneficiaries as if the account was a Traditional IRA and the Account Holder died before his or her Required Beginning Date. If the Beneficiary is a non-spouse Beneficiary, the entire interest must be:. Payments made over life expectancy must begin before the end of the calendar year following the year of the Account Holder's death. If the Beneficiary has not made an election by December 31 of the year following the year of the Account Holder's death, the Trustee reserves the right to distribute the assets in any one of the following ways:. In the case of a payment made over the Beneficiary's life expectancy, the amount shall be figured using the Beneficiary's age on December 31 of the year distributions will begin and using the fair market value of the account on December 31 of the year prior to the year distributions will begin. If the Beneficiary is the Account Holder's spouse, the life expectancy will be recalculated and is irrevocable when payment has been made. If a distribution to a Beneficiary is not a qualified distribution, it is generally included in the Beneficiary's income in the same manner as a distribution to the Account Holder when the Account Holder was alive See Section 3. Distributions from other Roth IRAs cannot be substituted for payments from this Roth IRA unless the other IRA was inherited from the same decedent. If the Account Holder had converted funds to which four-year averaging applies and such Account Holder dies before all such amounts have been included in income, the Beneficiary will include all remaining amounts in gross income for the taxable year that includes the Account Holder's date of death. The account will be treated as if the surviving spouse elected to treat it as his or her own in the event that the surviving spouse fails to take a distribution by the required time or make a contribution, rollover, or conversion to the account. References to IRAs in this Article refer only to Traditional IRAs unless noted otherwise. An Individual making a rollover contribution as permitted by Code Sections ce 6a 4b 8b 10 and d 3or an employer contribution to a Simplified Employee Pension as defined in Code Section k is also an eligible Individual. As a condition of participation, the Account Xtend will be required to consent to the terms and conditions of this Trust, as may be amended from time to time. Consent need not be in writing. In general, you cannot consider the part of an employee's compensation that exceeds the statutory limit as adjusted when figuring the contribution limit for that employee. No contributions will be accepted under a SIMPLE IRA Plan established by any employer pursuant to Code Section p. Also, no transfer or rollover of funds attributable to contributions made by a particular employee under its SIMPLE IRA Plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA Plan, prior to the expiration of the 2-year period beginning on the date the employee first participated in that employer's SIMPLE IRA Plan. The Trustee may accept additional cash contributions on behalf of the Account Holder for a tax year platform the Account Holder. The total cash contributions are limited as described in Section 4. Only cash or property from a plan as described above may be rolled over from such plan to this Trust. If cash or other property attributable to contributions made by an employee to a plan meeting the requirements of Code Section a are rolled over from such plan to this Trust, such cash or property shall be treated as an excess contribution and will be subject to the excise tax on excess contributions. Amounts distributed from a Traditional IRA and not rolled over into another trust as described in Code Section d 3are subject to a 10 percent non-deductible penalty tax as described in Code Piccell 72 t 2. There are exceptions to the tax as described in Code Section 72 t 2 a. Those exceptions are distributions that are made:. The Account Holder must supply a written statement that meets with the Trustee's acceptance, certifying any exception to the penalty tax as described in Code Section 72 t xtend. Notwithstanding any provision of this Trust Agreement to the contrary, the distribution of an Account Holder's interest will be made in accordance with the minimum distribution requirements of Code Sections a 6 or b 3 and the regulations thereunder, including the incidental death benefit provision of proposed Treasury Regulation Section 1. A distribution must be made on or before December 31 for each succeeding year. The Account Holder may elect to have the balance in the account distributed in one of the following forms, by the Required Beginning Date:. The Account Holder may elect to receive a distribution of the balance of the Trust at any time, upon written notice to the Trustee. This is true even if distributions have begun in accordance with one of the above options. The amount that must be distributed each year, beginning with the calendar year for which distributions are required and each succeeding calendar yearis obtained by dividing the IRA account balance on December 31 of the previous year by the applicable life expectancy divisor. Distributions after the death of the Account Holder will be made using the applicable life expectancy as the relevant divisor without regard to proposed Treasury Regulation Section 1. If an Account Holder has multiple IRAs, then the Account Holder must determine the required minimum distribution amount for each IRA, however the minimum amounts can be totaled together and the total taken from any one or more of the IRAs. For this purpose the Account Holder may use the "alternative method" described in IRS NoticeCBto satisfy the minimum distribution requirements described above. Distributions in excess of the required minimum payment cannot be used as a credit when figuring a subsequent year's required minimum distribution. Life expectancy is determined by use of the expected return multiples in Tables V and VI of Section 1. If the Account Holder fails to make an election by the time distributions are required to begin, life expectancy will be recalculated annually. Such elections will be irrevocable by the Account Holder and will apply to all subsequent years. The life expectancy of a non-spouse Beneficiary may not be recalculated. Payments for subsequent years will be calculated based on such life expectancy reduced by one for each calendar year that has elapsed since the calendar year life expectancy was first calculated. If the Account Holder dies before the entire interest in the IRA is distributed, the piccell interest will be distributed as follows:. Distributions under these Paragraphs C through L are considered to have begun if the distributions are made because optionsxpress Individual has reached his or her Required Beginning Date. If the Account Holder received distributions before the Required Beginning Date and the Individual dies, distributions will not be considered to have begun. Contributions must be made in cash. The Account Holder will specify the investment to be made for all such contributions. All contributions received, together with the income therefrom, and any other increment thereon will be held, and administered by the Trustee pursuant to the terms of this Trust without distinction between principal and income and without liability for the payment of interest thereon. The Trustee will not be responsible for the computation and collection of any contributions under the Trust and will be under no duty to determine whether the amount of any contributions is in accordance with the Trust. Except in the case of a rollover contribution as described in Sections 3. Contributions made to this Trust by the Account Holder will be made to, or for the account, not later than April 15 of the year following the year to which the contribution relates. Contributions by an employer to a SEP must be made no later than three and one half months after the close of the Trust year. Contributions made to this Trust by or for the Account Holder will be fully vested and nonforfeitable at all times. Neither the Account Holder nor the Beneficiary may pledge, sell, or transfer any part of the account, except as provided by law and this Trust Agreement. The Account Holder will direct the Trustee with respect to the investment of all contributions and the earnings thereon under the Trust. Such direction will be limited to securities obtainable through the brokerage firm designated in the Application or any other stockbroker selected by the Account Holder and approved by the Trustee for reinvestment in accordance with the instructions of the Account Holder. Notwithstanding the above, the Account Holder may direct contributions and earnings to be placed in a savings account or a Certificate of Deposit with an institution approved by the Trustee. The Trustee in its discretion reserves the right to return contributions received without the proper investment instructions to the payer or deposit such contributions to a money market account of the Trustee's choice. Such withdrawal must be made prior to the date on which the Account Holder is required to file his or her federal income tax return. Any income earned on the non-deductible portion of such contributions must be withdrawn by the Account Holder at the same time as indicated in paragraph F, above. Partial rollovers from this Trust to another IRA meeting the requirements of Code Section a or to an Annuity contract meeting the requirements of Code Section bor a Roth IRA meeting the requirements of Code Section A, are permitted to be made once a year. The Account Holder may rollover or transfer the entire interest to another Individual Retirement Trust meeting the requirements of Code Section a or to an Annuity contract meeting the requirements of Code Section bor a Roth Xtend meeting the requirements of Code Section A. The above described rollover s must be completed within sixty 60 days after the day on which the Account Holder receives the payment or distribution of last asset in the account or in such time frames as prescribed by law. Subject to, and in accordance with other provisions in this Trust, the Trustee will from time to time on the written directions of the Account Holder make distributions out of the Trust to such individuals, in such manner, in such amounts, and for such purposes as may be specified in such written directions. The Trustee will not be liable for the proper application of any part of the Trust if distributions are made in accordance with the written directions of the Account Holder as herein provided, nor will the Trustee be responsible for the adequacy of the Trust to meet trading discharge any and all distributions and liabilities. All requests for withdrawals will be in writing and in a form acceptable to the Trustee. A withholding election and the tax identification number of the recipient will be provided to the Trustee before the Trustee makes a payment. All payments are subject to applicable taxes and penalties. If no withholding election is provided to the Trustee, taxes will be withheld in accordance with applicable laws. The Account Holder may transfer his or her interest in whole or in part, under a divorce decree, dissolution of marriage, or a written instrument incident to such divorce or dissolution. The Account Holder shall promptly notify the Trustee of such transfer by providing a certified copy of such decree or true copy of such written instrument to the Trustee. The Account Holder shall designate a Beneficiary on the IRA application. The Account Platform may change the Beneficiary designation by filing a written notice with the Trustee in such manner as the Trustee deems acceptable. Changes to the Beneficiary designation must be received by the Trustee during the Account Holder's lifetime and are considered valid when they have been received by the Trustee. The Designated Beneficiary will be entitled to the Account Holder's entire interest in the event of the Account Holder's death before the complete distribution of the entire interest. Unless the Account Holder designates in writing how distributions are to be paid, the interest in the account will be paid equally to all primary Beneficiaries, or contingent Beneficiaries if all primary Beneficiaries have died before the Account Holder. If the designation of a Beneficiary has not been made by the Account Holder at the time of the Account Holder's death, the Beneficiary shall be the spouse of the Account Holder, or if there is no spouse living at the time of the Account Holder's death, the Beneficiary will be the estate of the Account Holder. If the Beneficiary designated to receive payments is a minor child or declared incapacitated piccell incompetent by the court, the Trustee may make such payment to a court appointed guardian or legally appointed representative. The receipt of such payment by such individual shall be a full and complete discharge to the Trustee for any sums so paid. If the Trustee is unable to make a payment to a Beneficiary within six months after any such payment is due because the Trustee cannot ascertain the whereabouts or the identity of the Beneficiary by mailing to the last know address shown on the Trustee's records and such Beneficiary has not written claim for such payment before the expiration of said six-month period, then the Trustee may deposit the Beneficiary's funds in a savings account or money market mutual fund established in the name piccell the Beneficiary. Upon the death of the Account Holder, the Beneficiary may designate his or platform own Beneficiary to receive any remaining assets in the account in the event the Beneficiary dies before a total distribution of the interest in the account occurs. Payments to the Beneficiary's Beneficiary must continue at least as rapidly as they would have been to the original Beneficiary. A designated Beneficiary may disclaim his or optionsxpress interest in the account provided the disclaimer is in a form acceptable to the Trustee and complies with Code Section b. A Beneficiary is responsible for paying any fees, expenses, or taxes of the Trust in the same manner and time frame as if they were the original Account Holder. If the designated Beneficiary of the account is the spouse and a partial transfer of the account is effected under Section 5. In the event of a dispute between two or more beneficiaries, the Trustee retains the right to apply to a court of competent jurisdiction for judicial settlement or to arbitration pursuant to Section 5. All fees and expenses incurred by the Trustee in connection with such action will be deducted from the assets of the Trust after reasonable notice is given to the beneficiaries. Such fees and expenses do not have to be approved by the court or an arbitrator. The Trustee shall have the power and authority platform the administration of this Trust to do all acts, including by way of illustration, but not in limitation of the powers conferred by law, the following:. Pursuant to the Account Holder's written directions or agent, to invest and reinvest all or any part of the Trust in securities obtainable through the Brokerage Firm designated in the Application, either "over the counter" or on a recognized exchange, and to invest in mutual funds, savings media, and any lawful trust investment which is administratively acceptable to the Trustee without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction for trust investments. To hold part or all of the Trust account uninvested or, pursuant to directions of the Account Holder to place the same in a savings account approved by the Trustee or purchase a Certificate of Deposit with an institution approved by the Trustee. However, the Trustee may, but need not, establish a program under which cash deposits in excess of a minimum set by it will periodically be invested in a savings account or money market mutual fund without direction of the Account Holder or his or her agent and the terms of any such program may be determined and altered at the discretion of the Trustee. To employ suitable agents and counsel and to pay their reasonable expenses and compensations. Pursuant to the Account Holder's written directions or agent, to write covered listed call options against existing positions and to liquidate or close such option contracts and the purchase of put options on existing long positions the same securities cannot be used to simultaneously cover more than one positionto exercise conversion privileges or rights to subscribe for additional securities and to make payments therefor. Pursuant to the Account Holder or agent's written directions, and subject to Section 5. To leave any securities or cash for safekeeping or on deposit, with or without interest, with such banks, brokers and other custodians as the Trustee may select, and to hold any securities in bearer form or in the name of the banks, brokers and other custodians or in the name of the Trustee without qualification or description or in the name of any nominee. To invest contributions for Account Holder through the facilities of the Brokerage Firm designated in the Application or equivalent facilities maintained by any other stockbroker or investment agent selected by the Account Holder and administratively pre-approved by the Trustee. The Brokerage Firm named in the Application is designated by the Account Holder with xtend to provide the Trustee with instructions, via confirmations or otherwise, implementing his or her directions to the Brokerage Firm to purchase and sell securities for his or her account. Before the entry of any orders to purchase or sell securities in this account, the Account Holder shall approve beforehand all such orders and direct the Brokerage Firm to implement his or her instructions. The Account Holder authorizes the Trustee to honor trades within his or her account without obligation to verify prior authorizations of such trades. The Brokerage Firm shall receive advices of available optionsxpress in this account and shall forward confirmation of purchases and sales to the Trustee. Selling short, and executing purchases in an amount greater than available cash are prohibited transactions. Investments in life insurance and collectibles are not permitted. No assets will be commingled. All investments outside of the brokerage account shall be accompanied by additional written instructions. Investments in offshore entities, foreign securities, and insurance contracts are not permitted under this Trust. Except with respect to Paragraph T below and notwithstanding anything to the contrary contained in this Trust, the Trustee shall not make piccell investment or dispose of any investment held in the Trust, except upon the direction of the Account Holder or his or her agent. The Trustee shall be under no duty to question any such direction of the Account Holder, to review any securities or other property held in the Trust, or to make suggestions to the Individual with respect to the investment, retention, or disposition of any assets held in the Trust. The Account Holder hereby agrees to indemnify the Trustee and platform it harmless from and against any claim or liability which may be asserted against optionsxpress Trustee by reason of its acting or not acting pursuant to any direction from the Account Holder or failing to act in the absence of any such direction. In accordance with Section c under the Act and being that the Account Holder exercises control over his or her assets in this Trust which provides for his or her account; such Account Holder or their Beneficiary shall not be deemed to be a fiduciary by reason of such exercise, and no person who is otherwise a fiduciary shall be liable under this Trust for any loss, or by reason of any breach, which results from such Account Holder's exercise of control. The Account Holder may appoint in writing an Investment Manager or Managers to manage including power to acquire and dispose of any assets of this Trust. Any such Investment Manager shall be registered as an Investment Adviser under the Investment Advisers Act platform " Act". If investment of the Trust is to be directed by an Investment Manager, the Account Holder shall deliver to the Trustee a copy of the instruments appointing the Investment Manager and evidencing the Investment Manager's acceptance of such appointment, an acknowledgment by the Investment Manager that it is a fiduciary of the Trust, and a certificate evidencing the Investment Manager's current registration under the Act. The Trustee shall be fully protected in relying upon such instruments and certificate until otherwise notified in writing by the Account Holder. The Trustee shall follow the directions of the Investment Manager regarding the investment and reinvestment of the Trust, or such portion thereof as shall be under management by the Investment Manager. The Trustee shall be under no duty or obligation to review any investment to be acquired, held or disposed of pursuant to such directions nor to make any recommendations with respect to the disposition or continued retention of any such investment or the exercise or non-exercise of the powers. Therefore, and in accordance with Section d 1 under the Act, the Trustee shall have no liability or responsibility for acting or not acting pursuant to the piccell of, or failing to act in the absence 3000 any direction from, the Investment Manager, unless the Trustee knows that by such xtend or failure to act it would be itself committing or participating in a breach of fiduciary duty by the Investment Manager. The Account Holder hereby agrees to indemnify the Trustee and hold it harmless from and against any claim or liability which may be asserted against the Trustee by reason of its acting or not acting pursuant to any direction from the Investment Manager or failing to act in the absence of any such direction. The Investment Manager at any time and from time to time may issue orders for the purchase or sale of securities directly to a broker; and in order to facilitate such transaction, the Trustee upon written request shall execute and deliver appropriate trading authorizations. Written notification of the issuance of each such trading shall be given promptly to the Trustee by the Investment Manager, and the execution of each such order shall be confirmed by written advice via confirms or otherwise to the Trustee by the broker. In the event that an Investment Manager should resign or be removed by the Account Holder, the Account Holder shall manage the investments pursuant the terms of this Trust unless and until the Trustee shall be notified of the appointment of another Investment Manager with respect thereto as provided in this Paragraph M. The Trustee shall be under no duty to question any such direction of the Account Holder or Investment Manager to review any securities or other property held in the Trust or to make suggestions to the Account Holder or Investment Manager with respect to the investment, retention, or disposition of any assets held in the Trust. Notwithstanding anything herein contained to the contrary, the Trustee shall not lend any part of the corpus or income of the Trust to: All contributions made by the Account Holder and all investments made with such contributions and the earnings thereon shall be xtend to an account maintained for the Account Holder by the Trustee. Within ninety 90 days from the close of each Trust Year, the Trustee shall render an accounting, valuing the assets at fair market value, piccell the Account Holder. The accounting may consist of copies of regularly issued broker-dealer statements to the Trustee and copies of mutual fund, insurance company, and other investment summary account statements supplied to the Trustee. The Account Holder must file any exceptions or objections to the accounting with the Trustee in writing, within sixty 60 days of the mailing of such accounting. In the absence of such filing, the Account Holder shall be deemed to have approved such account; and in such case, or upon the written approval of the Account Holder of any such account, the Trustee shall be released, relieved and discharged with respect to all matters and things set forth in such account as though such account had been settled by the decree of a court of competent jurisdiction. No person other than the Account Holder may require an accounting or bring any action against the Trustee with respect to the Trust or its actions as Trustee. The Trustee shall have the right at any time to apply to a court of competent jurisdiction for judicial settlement of its accounts for determination of any questions of construction, which may arise, or for instructions. The only necessary party defendant to such action shall be the Account Holder, except that the Trustee may, if it so elects, bring in as a party defendant any other person or persons. The Trustee shall be fully protected in acting upon any instrument, certificate, or paper believed by it to be genuine and to be signed or presented by the Account Holder or such proper person or persons, and the Trustee shall be under no duty to make any investigation xtend inquiry as to any statement contained in any such writing but may accept the same as conclusive evidence of the truth and accuracy of the statements therein contained. The Trustee shall be under no duty to question any direction of a Account Holder or his or her agent with respect to any investments, to review or monitor any securities or other property held in Trust, or to make suggestions to the Account Holder or his or her agent with respect to investment. The Trustee will not be liable for any loss that may result by reason of investments made in accordance with the directions of an Account Holder or his or her agent. Whenever the services of a stockbroker or a dealer are required, the Trustee shall retain the Brokerage Firm designated by the Account Holder in the Application. If no Brokerage Firm is currently selected, the Trustee may, in its discretion, appoint another stockbroker or dealer to handle investments in securities under the Trust. Provided, however, should the Beneficiary be a minor or, in the discretion of the Trustee, of unsound mind, the Trustee may trading the interest of such Beneficiary and hold such interest in an interest bearing account or money market account until distributed. To not vote in person or by proxy upon securities held by the Trustee and destroy such proxies if received by the Trustee. The Trustee shall be paid such reasonable compensation as shall from time to time be communicated to the Account Holder by the Trustee, and such compensation shall be chargeable to the Account Holder. The Account Holder hereby covenants and agrees to pay the same. The Trustee shall charge the Account Holder any taxes paid by it which 3000 be imposed upon the Trust or the income thereof or upon which the Trustee is required to pay, as well as all expenses of administration of the Trust, including but not limited to transaction costs, distributions, postage, commissions, fees, and reasonable attorney fees. In the event the Account Holder shall at any time fail to pay the Trustee's compensation, taxes, and expenses within a reasonable optionsxpress after demand for such payment has been made by the Trustee on the Account Holder, the Trustee will charge the Trust such compensation, taxes and expenses and may liquidate assets of the Trust for such purposes, as in its sole discretion, it shall determine. The custodian will and hereby agrees to collect such compensation, taxes and expenses for the Trustee as so directed by the Trustee in writing. Notwithstanding any other provision contained in this Trust Agreement, all payments under this Section 5. If the Trust is not sufficient to satisfy the Trustee's compensation, fees, taxes, and expenses, then the Trustee will charge the Account Holder for such unpaid compensation, fees, taxes, and expenses. Each Account Holder who adopts this Trust delegates to the Trustee the power to amend this Trust, including any retroactive amendments, by submitting a copy of such amendments to each Account Holder, but only after receiving:. A favorable ruling or determination letter from the Commissioner of IRS that the Trust, as amended, continues to meet the requirements of Code Sectionor. The IRS issues a model amendment which may be relied upon until the publication of final regulations. Each Account Holder shall be deemed to have consented to any and all such amendments. In addition, the Trustee may amend the fee schedule from time to time with advance notice to the Account Holder and is not required to seek approval from the IRS. The Account Holder shall be permitted to revoke this Trust in writing within a period not to exceed seven 7 days after the date that the Account Holder adopted this Trust. In the event of such revocation, the Trustee will return the entire account plus any Trustee compensation, taxes and expenses as soon as practical. Neither the Account Holder nor the Trustee shall have the right to amend or terminate this Trust in such a manner as would cause or permit all or part of the entire interest of the Account Holder to be diverted for purposes other than their exclusive benefit or that of their Beneficiary. No Account Holder shall have the right to sell, assign, discount, or pledge as collateral for a loan any asset of this Trust. An Account Holder shall have the right to terminate or partially terminate this Trust, at any time and from time to time, by delivering to the Trustee a signed copy of a statement of termination. Either the Trustee or the Account Holder may terminate this Trust upon thirty 30 days written notice to the other. Upon resignation or removal of the Trustee, the Account Holder shall appoint a successor trustee that shall have the same powers and duties as are conferred upon the Trustee hereunder and in default thereof, such successor trustee may be appointed by a court of competent jurisdiction. In the event of removal or resignation of the Trustee, if the Account Holder fails to appoint a successor trustee and complete the transfer of assets within 30 days of the date the Trustee mails such termination notice to the last address on file for the Account Holder or the Account Holder mails piccell notice to the Trustee, the Trustee may in its discretion, transfer the assets to a successor trustee of its choosing, or liquidate and distribute the assets, less any amounts withheld for Trustee compensation, taxes, and expenses, to the Account Holder. The Trustee will not be responsible for any penalties, fines, taxes, or tax consequences that may result from such distribution or transfer. Upon the delivery by the resigning or removed trustee to its successor trustee of all property of the Trust, less such reasonable amount as it shall deem necessary to provide for its compensation and 3000 taxes and expenses or advances chargeable or payable out of the Trust, the successor trustee shall thereupon have the same powers and duties as are conferred upon the Trustee. No successor trustee shall have any obligation or liability with respect to the acts or omissions of its predecessors. The actual appointment and qualification of a successor trustee to whom the Trust assets may be transferred are conditions which must be fulfilled before the resignation or removal of the Trustee shall become effective. The transfer of the Trust assets shall be made coincidentally with an accounting by the resigned or removed Trustee and such resigned or removed Trustee shall endorse, transfer, convey and deliver to the successor trustee all of the funds, securities or other property then held by it under the Trust, together with such records as may be reasonably required in order that the successor trustee may properly administer the Trust. This Trust Agreement and the Trust created hereby will be terminated in the case of complete distribution of the Trust. The Trustee shall not have the right to modify or to amend this Trust retroactively in such a manner as to deprive any Account Holder or his or her Beneficiary of any benefit to which he or she may be entitled under this Trust Agreement by reason of contributions made prior to the modification or amendment, unless such modification or amendment is necessary to conform this Trust to, or satisfy the conditions of, any law, governmental regulation or ruling, or to permit this Trust to meet the requirements of Code Section If the Trustee receives any claim to assets held in the Trust which is adverse to the Account Holder's interest or the interest of his or her Beneficiary, and the Trustee, in its absolute discretion, decides the claim is, or may be, meritorious, the Trustee may withhold distribution until the claim is resolved to its satisfaction or until instructed by a court of competent jurisdiction. In any such matter, the Trustee shall be entitled to reimbursement of all costs, fees and expenses, including reasonable attorney's fees, directly from the Trust assets, without the approval or direction of the Account Holder. If necessary, the Trustee may liquidate Trust assets in order to be reimbursed. As an alternative, the Trustee may deposit all or any portion of the assets in the Trust into the court. Deposit with the court shall relieve the Trustee of any further obligation with respect to the assets deposited. The Trustee has the right to be reimbursed from the funds deposited with the court for legal fees and costs incurred. Such reimbursement may be made directly from the Trust assets without approval or direction of the Account Holder. If necessary, the Trustee may liquidate Trust assets in 3000 to be reimbursed as stated above. Notwithstanding anything to the contrary contained in this Trust Agreement or in any amendment thereto, no part of the Trust other than such part as is required to pay the Trustee's compensation, taxes, and administration expenses including the reimbursement referenced in Section 5. The Trust account is established for the exclusive benefit of the Account Holder or platform or her Beneficiary. The Trustee shall not be liable for any act or omission made in connection with the Trust except for its intentional misconduct or negligence. Any required notice regarding the Trust will be considered effective when the Trustee mails it to the last address of the intended xtend which is contained in the Trustee's records. Any notice to be given to the Trustee will be considered effective when the Trustee actually receives it. To the extent the Trustee is engaged in any form of litigation, arbitration, or dispute resolution trading the Trust assets or the interest of the Trust, the Trustee shall be entitled to recover all costs, fees and expenses, including reasonable attorney's fees, directly from the Trust assets, pursuant to Section 5. The terms and conditions of this Trust Agreement shall be applicable without regard to the community property laws of any state. If the Account Holder is married, the Compensation of the Account Holder and any contributions made to this Trust under Section 4. The captions of Articles and Sections in this Trust Agreement are included for convenience only and shall not be considered a part of, or an aid to, the construction of this Trust. Any disputes as to the arbitrability of a matter or the manner of such arbitration shall be determined in such arbitration. Such arbitration shall be held in Wilmington, Delaware. Arbitration is final and binding on the parties except to the extent superceded by the Code or the Act; the parties are waiving their right to seek remedies in court, including the right to jury trial; pre-arbitration discovery is generally more limited than and different from court proceedings; the arbitrators' award is not required to include factual findings or legal reasoning, and any party's right to appeal or to seek modification of rulings by the arbitrators is strictly limited; the panel of arbitrators will consist of arbitrators for American Arbitration Association; the arbitration xtend be under the commercial arbitration rules of the American Arbitration Association; the arbitration shall be held in Wilmington, Delaware; and any disputes as to such arbitration or xtend manner thereof shall be determined in such arbitration. The determination that any provision of this Trust Agreement is not enforceable in accordance with its terms in a particular jurisdiction shall not affect the validity or enforceability of the remaining provisions trading this Trust Agreement generally or xtend any other jurisdiction or as to any other parties, but rather such unenforceable provisions shall be stricken or modified in accordance with such determination only as to such parties and this Trust Agreement, as so modified, shall continue to bind the specific parties involved therein 3000 otherwise all other parties in unmodified form. All contributions to this Trust shall be deemed to take place in the State of Delaware. This Trust Agreement may be executed in any number of counterparts, each one of which shall be deemed to be the original although the others shall not be produced. This Trust Agreement is made pursuant to and shall be construed in accordance with xtend laws of the State of Delaware. Jurisdiction and venue of any matter not subject to the arbitration provisions of this Trust Agreement shall lie solely in the courts of the State of Delaware. On June 7,President Bush enacted the Economic Growth and Tax Relief Reconciliation Act EGTRRA. This act changed many of the provisions of IRAs and employer-sponsored plans. The primary objective of EGTRRA is to encourage individuals to save more for retirement and encourage employers to sponsor retirement plans. This section outlines the provisions of EGTRRA. If a plan permits, participants can make voluntary contributions to a qualified plan that are treated as IRA contributions. Contributions must be made:. Five-year inclusion period still applies to in-service withdrawals. It describes our practices for safeguarding personal information about the individuals, including IRA holders, who own or apply for our financial products or services primarily for personal, family, or household purposes. If you are a plan sponsor, this Privacy Notice describes our practices for safeguarding personal information about your employee benefit plan participants and beneficiaries. It does not apply to you as the plan sponsor. We take great care to properly handle information about IRA holders and employee benefit plan participants and beneficiaries, hereafter "you. We follow optionsxpress security standards and procedures to help prevent unauthorized access to personal information. Only properly authorized employees may access information we collect from or about you. We regularly test our technology and employ multiple procedures to protect the confidentiality of information about you. We 3000 rigorous standards for protecting personal information to all our interactions with youincluding those conducted via the Internet. Information we obtain during the application or enrollment process. You may provide information as part of the application or enrollment process, such as your name, address, Social Security number, and employment data. Information we obtain from third parties. This type of information may include such things as market value data about your account and similar information. Information about transactions and experience. We create and retain information based on your transactions and experience with us, such as investment records and account balances. Information we obtain through Internet technology. This includes information you may provide via on-line forms you complete and information we receive when you visit our website. We may disclose the information we collect about you, former customers, plan participants, and beneficiaries in response to a subpoena, to prevent fraud, to comply with an inquiry by a government agency or other regulator, or as necessary for other legal purposes. We also may disclose information we collect about you, former customers, plan participants, and beneficiaries as follows:. We strive to keep our records accurate and will make appropriate corrections when you notify us. 3000 let us know if there is incorrect information in any statements or other communications that you receive from us. If you have questions about our Privacy Notice, please write to our Privacy Officer at PO BoxWilmington, Delaware The term "third party" refers to any entity that is not an affiliate of Trustar sm Retirement Services. Receipt of this Notice does not constitute our acceptance of an application for any product or service. We may modify our privacy practices piccell. If we do so, we will communicate any material changes to you as required by law. If a state's privacy requirements are more restrictive than those stated in this Notice, we will meet all applicable state requirements. Your agent, broker, consultant, or others with whom you have a relationship may have a different privacy policy. Content and tools are provided for educational and informational purposes only. Any stock, options, or futures symbols displayed are for illustrative purposes only and are not intended to portray a recommendation to buy or sell a particular security. Products and services intended for U. Online trading has inherent risk. System response and access times that may vary due to market conditions, system performance, volume and other factors. Options and futures involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options and Risk Disclosure Statement for Futures and Options prior to trading, which is also available by calling An investor should understand these and additional risks before trading. Member SIPC "Schwab" and optionsXpress, Inc. To learn more about how optionsXpress uses and protects your personal and account information, please read our Privacy Notice. Information Overview Positions Activity e-Statements Analysis Balances. Tools Alert Manager myOX Transfer Funds Settings Profile. Asset Type Options Stock Futures Futures Options Mutual Funds Bonds. Strategy Type Xspreads Option Spreads Covered Calls Execution All-In-One Trade Ticket Order Status Saved Orders. Tools Quote Detail Watch Lists Historical Charts Basic Charts Streaming Charts Beta v1. Chains Option Chains Futures Chains Futures Options Research Most Actives Indices ETF Center. Calendar Earnings Calendar Econ. Calendar Dividend Calendar Futures Futures Research Center. Risk Tools Trade Calculator Pricer Position Analyzer Portfolio Graphs Platforms Virtual Trading OX Mobile Xtend Streaming Xtend Streaming Quotes. Online Training Education Center On-Demand Videos XGuide How-To Get Started. About Schwab Investing Schwab Bank Research. Free Resources Branch Workshops Market Commentary Webinars. Support Customer Service Forms Tax Center. Site Release Notes FAQs Glossary Site Map. CONSULT WITH YOUR ATTORNEY Carefully read the enclosed information. The title of the account will be as follows: Disclosure Statement for Self-Directed Individual Retirement Accounts Internal Revenue Service IRS regulations Section 1. We strongly urge you to consult with your tax or legal advisor before you establish an IRA. Your Right to Revoke Your IRA You can cancel your IRA within seven days of the date you adopt the Trust Agreement. You can mail the notice to us at the following address: IRS Approval Letter The IRS approval letter at optionsxpress end of this document certifies only that the IRS approves the form of the IRA. The following applies to Roth Individual Retirement Accounts III. Types of contributions Your Roth IRA can accept three different types of contributions. Checks, cash, money orders, or electronic fund transfers for regular contributions. Transfers or rollovers of cash, securities, or other assets from another Roth IRA. Transfers or rollover of cash, securities, or other assets from a Traditional IRA. Eligibility to establish a Roth IRA Anyone with earned income can optionsxpress up a Roth IRA. Contribution Limits The maximum contribution you can make to your Roth IRA is based on the following four items: Your taxable compensation Your tax filing status Your modified adjusted gross income Contributions, if any, made to a Traditional IRA for the year 4. Limitations and Restrictions on Deductibility of Contributions Contributions to a Traditional IRA do not include SEP or SIMPLE contributions made by you or your employer. If you are entitled to make a partial contribution, you can figure how much of a contribution to make by following these steps: Start with your modified AGI. Subtract from the amount in Step 1: Multiply your contribution limit before reduction by this adjustment but after reduction for any contributions to a Traditional IRA by the result in Step 3. Subtract the result in Step 4 from you contribution limit before this reduction. The result is your reduced contribution limit. Employer contributions are not permitted to a Roth IRA. Conversions Generally, you may convert assets in a non-Roth IRA to a Roth IRA by paying taxes on the converted amount in the year of the conversion. General Conditions You must complete the conversion within 60 days of the date you withdraw the assets from your Traditional IRA. Your AGI is determined before you include the amount of the conversion in your income. You cannot convert a payment that is part of a series of substantially equal and periodic payments that are made at least annually and will last for: The one-year waiting period for traditional rollovers does not apply. You cannot be a married individual filing a separate return. Conversions and Transfers You may make a rollover from one Roth IRA to another Roth IRA or convert from a Traditional IRA to a Roth IRA. Conversion Methods There are three methods you can use to convert your assets from a Traditional IRA to a Roth IRA. Rollover - You can receive a distribution from your Traditional IRA and roll it over to a Roth IRA within 60 days after the distribution. Amounts distributed in one tax year, but rolled over in the next tax year are treated as a contribution to the Roth IRA in the year of distribution. Same Trustee Transfer — If the trustee of your traditional and Roth IRAs is the same, you can direct the trustee to transfer an amount from the Traditional IRA to the Roth IRA. Inherited Accounts You cannot rollover a Traditional IRA that you inherited, unless piccell inherit it from your spouse. Conversions from a SEP, SIMPLE, or Employer-Sponsored Plan You can convert any amount in a SEP-IRA on the same terms as a Traditional IRA. Reconversions A reconversion occurs when you recharacterize a conversion contribution made to a Roth IRA back to a Traditional IRA, then recharacterize it again to a Roth IRA. Limits Duringa recharacterized amount could be reconverted only once. Effective January 1,an amount recharacterized from a Traditional IRA to a Roth IRA and then transferred back to a Traditional IRA by means of a recharacterization, may not be reconverted back to a Roth IRA before the later of: The beginning of the taxable year following the taxable year in which the amount was converted to a Roth IRA or, The end of the day period beginning on the day on which the IRA owner transfers the amount from the Roth IRA back to a Traditional IRA by means of a recharacterization. Penalty Tax The trading penalty does not apply to a non-qualified distribution that is used: To buy a first home for you or your spouse, your children, grandchildren, parents, or grandparents if you use the money within days to pay qualified acquisition piccell. To pay certain educational expenses. The amount cannot exceed the qualified higher education expenses for your or your spouse or either one's children or grandchildren. Generally, a qualified distribution is any payment from your Roth Platform made after the fund have been in the account for five years and: You or your beneficiary may owe a penalty tax if: You make an excess contribution to your IRA. See "Excess Contributions," later. Your beneficiary does not take the required minimum distributions after your death. Minimum Distributions After Death Generally, if you are the non-spouse beneficiary of a Roth IRA, you must take receipt of the IRA by the end of the fifth calendar year after the Account Holder's death. Distributions from a Roth IRA are not included in income if the contribution to which the distribution relates is a "qualified distribution. The measuring period for the contribution begins on January 1 of the year preceding the year in which the contribution was actually made. For example, if you contributed on April 3,for tax year the contribution is treated as if it was made on January 1, You must include earnings on distributions that are not qualified distributions in your income. There are special rules for determining the correct tax treatment of non-qualified distributions. The rule sets the order that you withdraw contributions including conversion contributions. The order of withdrawals is as follows: Conversion contributions, on a first-in-first-out basis. Generally, total conversions from the earliest year first. Conversions are taken into account as follows: Taxable portions, then Non-taxable portions Earnings on contributions. SEP and SIMPLE Retirement Accounts Simplified Employee Pension contributions and SIMPLE contributions cannot be made to a Roth IRA. Types of contributions Your Traditional IRA can accept three different types of contributions: Checks, cash, money orders, or electronic fund transfers for a regular contribution. Transfers or rollover of cash, securities, or other assets from another Traditional IRA. Recharacterizations of cash, securities, or other assets from a Roth IRA. Contribution Limits The maximum amount you can contribute to your Traditional IRA is the lesser of: Limitations and Restrictions on Deductibility of Contributions If you or your spouse were covered by an employer-sponsored retirement plan at any time during the year for which you contributed, you may not be able to deduct all of your contribution s. If you are an active participant in an employer-sponsored plan, your IRA deduction will be reduced as follows: If your filing status is: Your IRA deduction is reduced if your modified adjusted gross income MAGI is between: Your deductions is eliminated if your MAGI is: Single, or Head of household. Limit increases as follows: Catch-up contributions are as follows: Platform must be made: Contributions will be reported on Form Contribution Limit Job Creation and Workers Assistant Act of Compensation includes salary deferrals. Deleted the top owner rule.
Review of OptionsXpress
Review of OptionsXpress
5 thoughts on “Optionsxpress xtend trading platform 3000 piccell”
Work that is submitted but does not comply with the expectations and requirements outlined in the IB publication on Academic Honesty will be treated as a case of academic misconduct.
If a Certificate Authority (CA) certificate is not selected when configuring an 802.1x or WPA-Enterprise connection, a dialog appears indicating that a missing CA certificate is a security risk.
So I spent well over an hour reading everything that all of you wrote and I want to add the following.
Work that is submitted but does not comply with the expectations and requirements outlined in the IB publication on Academic Honesty will be treated as a case of academic misconduct.
Green and purple sulfur bacteria are thought to have used hydrogen and sulfur as electron donors.
Hovhannes, the Fifth Catholicos of the Armenians, also wrote a book by the same name.
If a Certificate Authority (CA) certificate is not selected when configuring an 802.1x or WPA-Enterprise connection, a dialog appears indicating that a missing CA certificate is a security risk.