EverBank 107 Traditional IRA Contribution and Investment Selection Instruction Manual
- June 13, 2024
- EverBank
Table of Contents
EverBank 107 Traditional IRA Contribution and Investment Selection
Instruction Manual
Simply log in to your account ateverbank.com and:
- Select the Actions tab
- In the TIAA Documents section, select Upload documents
- Select Files you would like to upload
- Select Folder to upload files to and follow directio
IRA OWNER
Name (First/MI/Last) __
Social Security Number __
Date of Birth __ Phone __
Email Address __
Account Number __ Suffix __
Security Code __
IRA TRUSTEE OR CUSTODIAN
To be completed by the IRA trustee or custodian
EverBank, N.A.
EverBank, N.A., World Markets division
Name __
Address Line 1 8300 Eager Road__
Address Line 2 Suite 700 ____
City/State/ZIP St. Louis, MO 63144____
Phone __ Organization Number
CONTRIBUTION INFORMATION
Contribution Amount __ Contribution Date __
CONTRIBUTION TYPE (Select one)
Regular (Includes catch-up contributions) Contribution for Tax Year
Rollover (Distribution from a Traditional IRA, SIMPLE IRA, or eligible
employer-sponsored retirement plan that is being deposited into this
Traditional IRA) By selecting this transaction, I irrevocably designate this
contribution as a rollover.
Transfer (Direct movement of assets from a Traditional IRA or SIMPLE IRA
into this Traditional IRA)
Recharacterization (A nontaxable movement of a Roth IRA contribution into
this Traditional IRA)
By selecti g this transaction, I irrevocably designate this contribution as a
recharacterization.
SEP Contribution (Contribution made under a simplified employee pension
(SEP) plan; SEP contributions are reported for the year in which the
contribution is made)
IF YOU ARE REQUIRED TO TAKE A REQUIRED MINIMUM DISTRIBUTION THIS YEAR,
COMPLETE THE FOLLOWING IF APPLICABLE.
(Checking any of the following will require adjusting your required minimum
distribution.)
This is a rollover or transfer of assets removed last year. Date of
Removal __
This is a transfer from my deceased spouse’s Traditional IRA and the assets
were removed from the IRA in any year after death.
The value of my portion of my deceased spouse’s IRA on December 31 of
last year __
INVESTMENT AND DEPOSIT INFORMATION
INVESTMENT INFORMATION (Complete this section as applicable.)
-
Investment Description
-
Quantity or Amount
-
Status (new or existing)
-
Investment Number
-
Term or Maturity Date
-
Interest Rate
DEPOSIT METHOD
Cashor Check (If the contribution type is transfer, the check must
be from a financial organization made payable to the trustee for this IRA.)
Internal Account
Account Number __ Type (e.g., checking, savings, IRA) __
ExternalAccount (e.g., EFT, ACH, wire) (Additional documentation may be
required and fees may apply.)
Name of Organization Sending the Assets __Routing Number (Optional)
Account Number __Type (e.g., checking, savings, IRA) __
SIGNATURE
I certify that all of the information provided by me is accurate and may be relied upon by the trustee or custodian. I certify that the contribution described above is eligible to be contributed to the IRA and I authorize the deposit to be invested in the manner described above.
RULES AND CONDITIONS APPLICABLE TO TRADITIONAL IRA CONTRIBUTIONS
The IRA contribution rules are often complex. The general rules are listed
below. If you have any questions regarding a contribution, please consult with
a competent tax professional or refer to IRS Publication 590-A, Contributions
to Individual Retirement Arrangements (IRAs), for more information.
This publication is available on the IRS website at
www.irs.gov or by calling 1-800-TAX-FORM.
REGULAR
The total amount you may contribute to a Traditional IRA for any tax year
cannot exceed the lesser of the published annual limit or 100 percent of your
earned income and other eligible compensation. If you also maintain a Roth
IRA, the maximum contribution to your Traditional IRA is reduced by any
contributions you make to your Roth IRA.
- You may make a contribution for the prior year up until your tax filing deadline for that year, not including extensions. Designating a contribution for the prior year is irrevocable.
- If you are age 50 or older by the end of the year, you may be eligible to make an additional catch up contribution to an IRA for that tax year.
ROLLOVER
A rollover is a distribution and a subsequent tax-free movement of assets from
any of your Traditional IRAs, SIMPLE IRAs, or eligible employersponsored
retirement plans to your Traditional IRA.
- You are permitted to roll over only one distribution from an IRA (Traditional, Roth, or SIMPLE) in a 12-month period, regardless of the number of IRAs you own. There is no limit to the number of rollovers you may perform from any of your eligible employer-sponsored retirement plans to a Traditional IRA.
- Any required minimum distributions paid to an IRA owner or beneficiary may not be rolled over.
- A rollover generally must be completed within 60 days from the date you receive the assets.
- A rollover contribution of Roth IRA assets may not be made to a Traditional IRA.
- A rollover contribution of assets distributed from a SIMPLE IRA within two years of the first contribution to your SIMPLE IRA may not be made to a Traditional IRA.
TRANSFER
A transfer is a direct movement of assets to your Traditional IRA from any of
your other Traditional IRAs or SIMPLE IRAs.
- You may perform an unlimited number of transfers.
- A transfer contribution may not be made from a Roth IRA.
- A transfer contribution may not be made from a SIMPLE IRA within two years of the first contribution to your SIMPLE IRA.
RECHARACTERIZATION
A recharacterization is the procedure to treat all or a portion of a
contribution to a Roth IRA as if it had been made to a Traditional IRA.
- A contribution that is recharacterized must be adjusted for earnings.
- The recharacterization deadline is your tax filing deadline for the year of the original transaction, including extensions.
SEP CONTRIBUTION
If you are a participant in your employer’s simplified employee pension (SEP)
plan, contributions may be made to your Traditional IRA.
- Your employer may make SEP contributions to your Traditional IRA within the published annual limits.
- If your employer maintains a salary deferral SEP plan, your elective deferrals may not exceed the published annual limit.
- If your employer maintains a salary deferral SEP plan and you are age 50 or older by the end of the calendar year, you may be eligible to make additional catch-up salary deferral contributions.
- SEP contributions to your Traditional IRA are reported for the year in which the contributions are made.
RMD REQUIREMENT
If you were born before July 1, 1949, you are required to take an RMD by April
1 of the year following the year you attain age 70½ and every year thereafter.
If you were born on or after July 1, 1949, you are required to take an RMD by
April 1 of the year following the year you attain age 72 and every year
thereafter
