Terminology
The abbreviation "SFS" stands for this
What is Separated From Service?
The abbreviation "FIT" stands for this
What is Federal Income Tax?
Another name for a Plan Coordinator
What is an RSA?
This plan type requires you to know the money type when the client is less than 59 1/2
What is a 457(b)?
AF, FS, IS, and ____ are all valid account statuses.
What is BF?
Non- Qualified money is made up of this
What are After-tax funds?
20 percent mandatory FIT is required on this
What are ERDs?
An outside company that is paid by the group to handle distributions
What is a TPA?
Terminology for moving one NQDA to another NQDA
What is a 1035 Exchange?
This is required at 70 1/2 or retirement, whichever is later
What is RMD?
A distribution that is set up to happen continuously
What is periodic?
California and Vermont's state income tax amount is based on this
What is the Percent of Federal?
VFA is the abbreviation for this
What is a VALIC Finacial Advisor?
This plan type has a 25 percent penalty tax if withdrawn from in the first two years
What is a Simple IRA?
Movement of money from one investment vehicle to another
What is a TOV?
The original value of an asset for tax purposes, usually the purchase price, adjusted for stock splits, dividends and return of capital distributions
What is Cost Basis?
If the Client has an IRA, Federal taxes should be withheld at this rate
What is optional 10 percent?
This person is able to sign off on spousal consent in lieu of a notary
What is a Plan Administrator?
NPQDC and SSQDC require this in order to calculate federal taxes
What is a W-4? Wage bracket form
When a client dies, the beneficiary will need to submit this
What is a Death Claim?
Having to backdating funds causes the company to potentially have this
What is Lag loss?
The abbreviation "SIT" Stands for this:
What is State Income Tax?
Request being sent through the GPA database are being routed to this person
Who is a Compliance Administrator?
The qualifying distributable events for a 457 include separation from service, age 70 1/2, and this
What is an unforeseen emergency?
All ER accounts are considered
What is Non-Elective?