Rollover in - Nc 457 Plan - North Carolina

Rollover in - Nc 457 Plan - North Carolina

Rollover in - Nc 457 Plan is a legal document that was released by the North Carolina Department of State Treasurer - a government authority operating within North Carolina.

FAQ

Q: What is a rollover in a North Carolina 457 plan?
A: A rollover in a North Carolina 457 plan refers to moving funds from one qualified retirement plan to another, such as transferring money from a 401(k) or another 457 plan into the North Carolina 457 plan.

Q: Is it possible to rollover funds from a 401(k) into a North Carolina 457 plan?
A: Yes, it is possible to rollover funds from a 401(k) into a North Carolina 457 plan.

Q: Can I rollover funds from another 457 plan into the North Carolina 457 plan?
A: Yes, you can rollover funds from another 457 plan into the North Carolina 457 plan.

Q: Are there any tax consequences for rollovers in a North Carolina 457 plan?
A: Generally, rollovers from qualified retirement plans, including a North Carolina 457 plan, are tax-free as long as the funds are deposited into another eligible retirement plan within 60 days.

Q: What are the benefits of doing a rollover in a North Carolina 457 plan?
A: The benefits of doing a rollover in a North Carolina 457 plan include consolidating retirement savings, potentially taking advantage of better investment options, and avoiding taxes and penalties if done correctly.

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Form Details:

  • Released on October 1, 2022;
  • The latest edition currently provided by the North Carolina Department of State Treasurer;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the North Carolina Department of State Treasurer.

Download Rollover in - Nc 457 Plan - North Carolina

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