| A | B |
|---|
| Commingling | Mix Trad. IRA assets with Rollover IRA assets |
| 60 Day Rollover | Financial institution to investor to financial institution |
| Conversion | Trad. IRA to a Roth IRA |
| Custodial Agreement | Contains all of the rules and regulations |
| Custodian-to-Custodian Transfer | One financial institution directly to another |
| Direct Rollover | Retirement plan directly to financial institution |
| Earned Income | Salaries, wages, tips, and professional fees |
| Failed Conversion | Ineligible investor converts Trad. IRA to a Roth IRA |
| Letter of Acceptance | A letter from the receiving custodian to the originating custodian in a custodian-to-custodian transfer |
| Recharacterization | Treating a Trad. IRA contribution as having been made to a Roth IRA |
| Reconversion | Second time assets are transferred from a Traditional IRA to a Roth IRA |
| Required Minimum Distribution | Amount that must be distributed from a Trad. IRA |
| Substantially Equal Payments | Distributing a Trad. IRA as a series of payments over the life expectancy of an individual |
| Conduit IRA | Also referred to as a Rollover IRA |
| Adjusted Gross Income | Income on which an individual or couple computes federal income tax |
| Traditional IRA | Anyone with earned income can contribute |
| Roth IRA | Withdrawals are tax-free |
| Spousal IRA | IRA account for non-working spouse |
| SEP IRA | IRA for self-employed individuals |
| Rollover IRA | Contains assets from a retirement plan |
