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ES_PAD_ROR_121523-Page 1 of 3DO NOT STAPLEPA529Pennsylvania 529 Investment Indirect 529 to Roth IRA Rollover Form Complete this form to initiate a direct rollover of assets from your [529 Plans] Account
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A rollover is a process that allows individuals to transfer their retirement savings from one account to another, typically without incurring tax penalties.
Individuals who wish to transfer funds from one retirement account to another, such as from a 401(k) to an IRA, are required to file for a rollover.
To fill out a rollover form, individuals generally need to provide account information for both the originating and receiving accounts, specify the amount to be rolled over, and sign the form to authorize the transfer.
The purpose of a rollover is to maintain the tax-deferred status of retirement savings while allowing individuals to consolidate accounts or take advantage of better investment options.
The information that must be reported typically includes account balances, account types, the date of the transfer, and personal identifying information of the account holder.
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