The next two withdrawals were permissible because direct plan to IRA transfers
and trustee-to-trustee transfers are not subject to the 365-day rule.
Some cities and municipalities effectively receive all of their revenue from national transfers (>96 per cent), while IRA transfers comprise only a marginal fraction for other cities and less than 12 per cent for other municipalities.
L = Revenue generated solely from local sources; L + T = Revenue generated from local sources + IRA transfer. SOURCE: Author's estimation.
Janguard's specialty is helping investors with 401k rollovers and IRA transfers
. Our clients are concerned with inflation and massive government debt.
If you believe, as many do, that income and estate tax rates today will be lower than they will when ownership of the IRA transfers
to heirs, the conversion makes sense from a tax-efficiency standpoint.
Tax-free IRA transfers
. The change with the most revenue potential for nonprofits is the allowance of tax-free transfers from Individual Retirement Accounts (IRA) to charitable organizations.
Before finalizing a divorce settlement, couples and their advisers should exercise caution in structuring IRA transfers
. IRA transfers
between spouses are only addressed in the concept of divorce; accordingly, the timing and nature of the transaction are critical.
Since there is no statutory definition as to whether such IRA transfers
are IRD, one could assume they should be treated in a similar manner to other income deferral vehicles, such as deferred compensation and Series E bonds, both of which are IRD items.