NOTE: You need to sign with a black or blue pen (handwritten signature), as Merrill Lynch will not accept electronic signatures. The direct-rollover check will be made payable in the name of the solo 401k which further confirms this is a non-taxable event. for plan name, enter the name of the solo 401k plan. Part 7: Direct Rollover to Third-Party…: Check off Make check payable to. Part 6: DOES NOT APPLY Since this is not a Taxable Distribution he direct-rollover check will be made payable in the name of the solo 401k and mailed to you directly for deposit into the solo 401k brokerage account. Part 5: Distribution Instructions: Check off Direct Rollover and check off Mail check to the mailing address on file. Part 4: Withholding Election: We already checked off the Check off ” Do Not withhold federal income tax, since the IRA is being transferred to a 401k plan and taxes do not apply. Part 3: Amount of Distribution: Check off the applicable box for the full or partial transfer of the account. Part 2: Reason for Withdrawal: Check off to request a direct rollover to an eligible retirement plan, as a solo 401k plan is a retirement plan. Merrill Lynch Wealth Management call 1.800.MERRILL (637. Merrill Edge Self-Direct Investing call 1.877.653.4732. Part 1: Account Owner Information: Verify your IRA account number, name, and enter your DOB. Want to open an account Need help with an existing Merrill Lynch account Call the appropriate number below: Merrill Edge Advisory Center call 1.888.654.6837. How to Complete the Merrill Lynch Transfer Form Use the Merrill Lynch One Time Distribution Form NOTE:If you use My Solo 401k Financial as your solo 401k plan provider, they will fill out the Merrill Lynch IRA transfer-out form for you. The following information will be helpful when working with your solo 401k provider to process the non-taxable IRA direct-rollover. As a result, it is no uncommon to fund a solo 401k plan by transferring / rolling over Traditional IRA or SEP IRA funds from accounts held at Merrill Lynch. All rights reserved.While the Roth IRA rules do not allow for the transfer to a qualified plan including a self-directed solo 401k plan, this same rule does not apply to pretax funds held in a traditional IRA or a SEP IRA. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Are Not FDIC InsuredĪre Not Insured by Any Federal Government AgencyĪre Not a Condition to Any Banking Service or Activity and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. Both are wholly owned subsidiaries of BofA Corp.īanking products are provided by Bank of America, N.A. Trust and fiduciary services are provided by Bank of America, N.A., Member FDIC, or U.S. ("MLLA") is a licensed insurance agency and wholly owned subsidiary of MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp"). Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). Additional information is available in our Client Relationship Summary (PDF). Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Clients should consult their legal and/or tax advisors before making any financial decisions. There is always the potential of losing money when you invest in securities.Īsset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.īank of America, Merrill, their affiliates, and advisors do not provide legal, tax, or accounting advice.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |