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					Traditional IRA and
     Roth IRA
    Plan Today for a Secure Tomorrow

l or d a b be t t r e t i r e m e n t s e r v i c e s
                 Bring an Unwavering Commitment
                      to Your Retirement Plan

    Founded in 1929, Lord Abbett is an independent, privately held firm with a singular focus on
    the management of money. We view our business as the practice of a craft and are driven by an
    unwavering commitment to the stewardship of our clients’ assets. We accept the responsibility
    entrusted to us and hold ourselves accountable for the results. This sense of responsibility and
    accountability is reflected in how we manage our firm and how we manage our clients’ money.

    Lord Abbett currently manages more than $7 billion in defined contribution assets.* We
    support financial advisors and their plan sponsor clients with a dedicated team of retirement plan
    specialists, consultants, and innovative tools. Put our wealth of experience to work for you in
    developing your retirement plan.
                                                                                     *As of September 30, 2009.




                            table of contents

                                                   3
                                       T R A D I T I ON A L I R A


                                                   5
                                             ROT H I R A


                                                   7
                               A D D I T ION A L I N FOR M AT I ON
                          Tax Credit Available for Traditional IRA and
                                           Roth IRA
                                 SEP-IRAs and SAR-SEP IRAs
                                      IRA Custodial Fees
                              L O R D A B B E T T I R A SE RV ICE S


                                                   8
                                I M POR T A N T I N FOR M A T I ON




                          NOT FDIC INSURED–NO BANK GUARANTEE–MAY LOSE VALUE
2
                                              Traditional IRA

     A traditional I R A i s a tax-deferred savings plan available to all working
               individuals under the age of 70 1⁄2, and their spouses.


eligibility requirements                                              to a traditional IRA if the couple’s joint income is $167,000
                                                                      or less. A partial deduction is available if the couple’s income
• Annual contributions may be made by individuals with                is above $167,000, but does not exceed $177,000.
  earned income.                                                    • If you are covered by an employer-sponsored retirement
• Eligible individuals age 50 or over (at any time during the         plan, part or all of your traditional IRA contribution may
  year) may make an additional annual contribution to their           be deductible if your adjusted gross income (AGI) is below
  traditional IRA. This is called a “catch-up” contribution.          certain levels.3
                                                                      Note: Lord Abbett cannot make a determination regarding your deductibility. You may
                                                                      wish to consult your tax advisor for the appropriate guidance.
                   Under Age 50
                    Individual              Age 50 or Older
                   Contribution               “Catch-up”            income limits for making
   Year               Limit1                 Contribution1          deductible ira contributions
   2009               $5,000                     $1,000
                                                                    The two tables below show the income ranges for deductibility
   2010               $5,000                     $1,000             of IRA contributions made by investors who are active partici-
                                                                    pants in employer-sponsored retirement plans. Individuals or
• You must be under the age of 701⁄2, and either you or your        couples with incomes below the minimum qualify for a full
  spouse must have compensation from employment in order            deduction, and those with incomes within these ranges qualify
  to establish and contribute to a traditional IRA.                 for a partial deduction.
• You may roll over assets from a qualified pension, profit-
  sharing, 403(b), or 457(b) governmental plan into a traditional        Table of Minimum and Maximum Income Limits
  IRA, or transfer an IRA from another institution, regardless                    for Single Individual Returns
  of your age or employment status.                                                                    Minimum                         Maximum
• You may transfer assets from a traditional IRA to a qualified             Year                        Income1, 3                      Income1, 3
  pension, profit-sharing, 403(b), or 457(b) governmental
                                                                            2009                         $55,000                        $65,000
  plan, if the plan accepts transfers.2
                                                                            2010                         $56,000                        $66,000

deduction rules
                                                                       Table of Minimum and Maximum Income Limits for
• A single person not covered by an employer-sponsored                      Married Individuals Filing Joint Returns 4
  retirement plan may deduct his or her entire contribution
                                                                                                       Minimum                         Maximum
  to a traditional IRA.
                                                                            Year                        Income1, 3                      Income1, 3
• For 2010 contributions, couples filing jointly, where only
                                                                            2009                         $89,000                       $109,000
  one spouse is covered by an employer-sponsored retirement
  plan, the spouse not covered may deduct the full contribution             2010                         $89,000                       $109,000




                                                                                                                                                            3
                                                Traditional IRA (continued)


    rollover and transfer                                                combining contributory
                                                                         traditional iras, rollover iras,
    Assets may be sent directly to Lord Abbett from a qualified          and sep-iras
    plan, 403(b) plan, 457(b) governmental plan, or another IRA.
                                                                         You may desire to combine your traditional IRA, rollover
    Direct Rollover                                                      IRA, and SEP-IRA accounts. This allows you to receive your
    When you retire or leave your job, your employer is                  IRA summary on a single statement.
    required to give you the option of having your eligible              • Lord Abbett will not automatically combine all IRA
    rollover distribution transferred directly to your IRA or              accounts. You must instruct us to do so.6
    another qualified plan.5
                                                                         withdrawals from your ira
    If you wish to avoid the 20 percent federal withholding on
    distributions from your employer-sponsored, tax-qualified            Mandatory Withdrawals
    plan, please follow these procedures:                                You must begin taking annual minimum distributions from
    • Complete a Lord Abbett IRA application form and obtain             your traditional IRA by April 1 following the year you turn
       an account number from Lord Abbett. See back page to              701⁄2. Mandatory distributions that represent deductible con-
       order the appropriate form(s).                                    tributions and all earnings are taxed as ordinary income.
    • Instruct your employer to make the check payable to                Mandatory distributions based on nondeductible contributions
       “Lord Abbett Family of Funds, IRA for [Your Name].”               are tax-free.
       Make sure your Social Security number, your newly
       assigned account number, and the words “Direct                    Other Withdrawals
       Rollover” appear on the check. The employer should                As a general rule, withdrawals on or after age 591⁄2 that
       deliver the check to you or forward the check directly            represent deductible contributions and all earnings are taxed as
       to Lord Abbett.                                                   ordinary income. Withdrawals made on or after age 591⁄2 based
    • If you are the non-spouse beneficiary of a qualified plan          on nondeductible contributions are tax-free. Withdrawals
       participant, you may transfer that account into a “Decedent       made before age 591⁄2 are subject to a 10 percent penalty tax
       IRA.” The account would be titled, “John Doe, deceased,           (in addition to ordinary income tax), unless they are:
       FBO (for the benefit of) John’s beneficiary,” and this transfer   • substantially equal periodic payments (under the Internal
       must come directly from the qualified plan to this account.          Revenue Code Section 72(t) exception);
       Your handling these funds, even for a day, would make             • a result of your disability or death;
       them ineligible for this transfer and potentially taxable to      • used to pay for insurance premiums if you have received
       you. If the qualified plan established distribution protocols        unemployment compensation for more than 12 weeks;
       prior to your requesting this transfer, those protocols must      • used for certain medical expenses totaling more than 7.5
       be followed.                                                         percent of your adjusted gross income;
                                                                         • used to pay qualified higher education expenses;
    Transfer IRA                                                         • used for the purchase of a first home (there is a lifetime
    This occurs when you move your IRA from one custodian                   limit of $10,000 for distributions for first-time home
    to another.                                                             buyers); or
    • You also may have the funds sent to Lord Abbett directly           • made as a result of an IRS levy to pay overdue taxes.
       from your prior custodian.
    • If you take receipt of the assets, you generally have 60 days
       to roll the money into a new IRA or be subject to taxation.




4
                                                      Roth IRA

A Roth IRA is a tax-deferred and potentially tax-free savings plan available to
 all working individuals and their spouses who meet the income requirements.

eligibility requirements                                            • Beginning in 2010, all individuals regardless of income are
                                                                      eligible to convert assets from their traditional IRA to a
• Effective in 2010, annual contributions may be made by              Roth Conversion IRA.
  individuals with adjusted growth income (AGI)7 of up to           • Income taxes will be due on the taxable amount that you
  $105,000 and by couples filing jointly with AGI up to $167,000.     convert to the Roth Conversion IRA, but there will be no
  The contribution amount gradually reduces to zero for single        penalty tax imposed, provided the converted amount
  taxpayers with AGI between $105,000 and $120,0001 and               remains in the Roth Conversion IRA for at least five years.
  for couples with AGI between $167,000 and $177,000.1, 8, 9        • Should you convert your traditional IRA to a Roth Con-
• The contributions you make to a qualified pension, profit-          version IRA, you may reverse that transaction (called a
  sharing, 403(b), or 457(b) governmental plan will reduce            recharacterization) up to the tax filing due date, including
  your AGI and potentially make you and/or your spouse                extensions, for the calendar year it was completed. The
  eligible for a Roth IRA.                                            recharacterization includes all earnings or losses. You may
• Eligible individuals age 50 or over (at any time during the         reconvert to a Roth Conversion IRA in the calendar year
  year) may contribute an additional annual contribution to           following the initial conversion so long as the reconversion
  their Roth IRA. This is called a “catch-up” contribution.           occurs at least 30 days after your reversal.


                  Under Age 50
                                                                    combining roth conversion and
                   Individual               Age 50 or Older         roth iras
                  Contribution                “Catch-up”
   Year              Limit1                  Contribution1          You may desire to combine your Roth Conversion IRA
   2009               $5,000                     $1,000
                                                                    account and your Roth IRA account. This allows you to
                                                                    receive your Roth IRA summary on a single statement.
   2010               $5,000                     $1,000

                                                                    • Lord Abbett will not automatically combine all Roth IRA
• Contributions may be made at any age, as long as you or             accounts. You must instruct us to do so. See back page to
  your spouse have compensation from employment, or                   order appropriate form(s).
  taxable alimony.
                                                                    rollover and transfer
deduction rules
                                                                    Assets may be sent directly to Lord Abbett from a Roth
• All contributions to the Roth IRA are made on an aftertax         401(k) plan account or a Roth 403(b) plan account, regardless
  basis and, therefore, provide no current tax deduction.           of your AGI.
                                                                       Beginning in 2010, you are eligible to roll your account
conversion from a traditional                                       from certain employer-sponsored plans directly to a Roth IRA.
ira to a roth ira                                                   Moving pretax assets to a Roth IRA is a taxable transaction.

Individuals may convert their traditional IRA (including a
SEP-IRA) to a Roth IRA.



                                                                                                                                     5
                                                     Roth IRA (continued)

    Direct Rollover                                                       IRA application booklet or IRS Publication 590, either of
    When you retire or leave your job, your employer is required          which provides more specific guidance regarding taxation.
    to give you the option of having your eligible Roth 401(k)          • Distributions, including accumulated earnings, may be
    or Roth 403(b) rollover distribution transferred directly to          made tax-free if the account has been held at least five years
    your Roth IRA or another qualified plan that offers the Roth          and the individual is at least age 591⁄2, disabled, has died, or
    option.                                                               uses the funds for the purchase of a first home. (There is a
                                                                          $10,000 lifetime limit per individual for withdrawals used
    Please follow these procedures:                                       for first-time home purchases.)
    • Complete a Lord Abbett IRA application form and obtain            • Penalties will be waived for withdrawals made before age
       an account number from Lord Abbett. See back page to               591⁄2 that are made for the following reasons:
       order the appropriate form(s).                                      ! disability or death;

    • Instruct your employer to make the check payable to                  ! electing substantially equal periodic payments (under

       “Lord Abbett Family of Funds, IRA for [Your Name].”                    the Internal Revenue Code Section 72(t) exception);
       Make sure your Social Security number, your newly                   ! to pay for insurance premiums if you have received

       assigned account number, and the words “Direct Rollover”               unemployment compensation for more than 12 weeks;
       appear on the check. The employer should deliver the check          ! to pay for certain medical expenses totaling more than

       to you or forward the check directly to Lord Abbett.                   7.5 percent of your adjusted gross income;
                                                                           ! to pay for qualified higher education expenses;

    Transfer Roth IRA                                                      ! to pay for the purchase of a first home (there is a lifetime

    This occurs when you move your Roth IRA from one                          limit of $10,000); or
    custodian to another.                                                  ! to pay overdue taxes as a result of an IRS levy.

    • You also may have the funds sent to Lord Abbett directly
      from your prior custodian.                                        contribution limits for
    • If you take receipt of the assets, you generally have 60 days     traditional and roth iras
      to roll the money into a new IRA or be subject to taxation.
    • If you are the non-spouse beneficiary of a qualified plan         You may contribute up to 100 percent of your compensation if
      participant who had a Roth account, you may transfer that         it does not exceed the maximum annual amount permitted.
      account into a “Decedent IRA.” The account would be               Couples filing jointly may each contribute the maximum
      titled, “John Doe, deceased, FBO (for the benefit of)             annual amount permitted to their IRAs. Total contributions
      [ John’s beneficiary],” and this transfer must come directly      may not exceed the couple’s joint annual income. Please
      from the qualified plan to this account. Your handling these      review the IRA eligibility requirements carefully.
      funds, even for a day, would make them ineligible for this           Eligible individuals age 50 or over (at any time during
      transfer and potentially partially taxable to you. If the qual-   the year) may make an additional annual contribution to
      ified plan established distribution protocols prior to your       their traditional IRA or Roth IRA. This is called a “catch-
      requesting this transfer, those protocols must be followed.       up” contribution.

    withdrawals from your roth ira                                      deadlines for traditional
                                                                        and roth iras
    • Distributions, based on your annual contributions, may
      be made tax-free at any point. There are no mandatory             An IRA must be established by the tax filing deadline for
      withdrawals from a Roth IRA.                                      the year in which you wish to make the contribution.
    • Distributions based on assets converted from traditional          Usually that date is April 15 of the following year.
      IRAs may be tax-free, subject to tax, and/or subject to the       Contributions to an existing IRA also must be made by the
      10 percent penalty tax. Please see our Disclosure Statement       tax filing deadline in order to count for that tax year. There
      provided in the Lord Abbett Traditional IRA and Roth              are no extensions.



6
                                                                  Additional Information

tax credit available for                                                                                       SAR-SEP plan allows participants to save through pretax
traditional ira and roth ira                                                                                   payroll investments.
                                                                                                                  With a SEP-IRA, your employer may make a contribution
Regardless of deduction eligibility, investors may be able to take                                             each year to your account based on the plan’s allocation for-
a tax credit, as a percentage of the first $2,000 of their traditional,                                        mula. The SEP-IRA’s distribution rules are the same as the
Roth, or SAR-SEP IRA contribution, depending on tax-filing                                                     traditional IRA. Individuals covered by a SEP-IRA may
status and the amount of AGI. The maximum credit is $1,000.                                                    receive up to 25 percent of their compensation if it does
                                                                                                               not exceed $49,000.1 Your employer can tell you whether the
Tax Credit %1                      50%                      20%                          10%                   SEP-IRA is available where you work.
Married                                                                                                           Lord Abbett also accepts SAR-SEP IRA transfers.
AGI                           $0–$33,500 $33,501–$36,000 $36,001–$55,000                                          Note: As of December 31, 1996, no new SAR-SEP IRA
                                                                                                               plans could be established. However, if your employer spon-
Head of
                                                                                                               sors a SAR-SEP IRA, you may be eligible to participate.
Household AGI $0–$25,125 $25,126–$27,000 $27,001–$41,625

Single AGI                    $0–$16,750 $16,751–$18,000 $18,001–$27,750                                       ira custodial fee
sep-iras and sar-sep iras                                                                                      The annual custodial fee for the various IRAs are as follows:
                                                                                                               SEP-IRA            $10 per employee
SEP-IRA and SAR-SEP IRA plans are employer-spon-
sored IRAs that provide contributions to participants. The




                                                              Lord Abbett IRA Services
Lord Abbett provides a variety of IRA services that make                                                       • You will receive a written confirmation of all new
managing your account easy and convenient.                                                                       contributions.
• For 24-hour account access, view your account online at                                                      • For account and statement inquiries, call 800-842-0828,
  www.lordabbett.com or call our automated shareholder                                                           Monday through Friday, 8:30 a.m.– 6:00 p.m. EST, to speak
  service line at 800-865-7582.                                                                                  with a participant services representative.
• Lord Abbett will send you periodic statements that will                                                      • When you participate in a Lord Abbett traditional IRA or
  provide important information regarding the activity in                                                        SEP-IRA plan, we will notify and advise you of the
  your IRA.                                                                                                      requirement to take a distribution when you reach age 701⁄2.



1
  This amount may be adjusted to reflect annual cost-of-living increases by the IRS.                             may need to perform to exempt your rollover IRA from any claims in the event of bankruptcy.
2
  You may not transfer aftertax dollars from a traditional IRA into a qualified retirement plan.                 You should consult your tax advisor before combining accounts.
3
  AGI is your gross income minus those deductions that are available to all taxpayers, even if they do         7
                                                                                                                 For purposes of the Roth IRA contribution limits, AGI is not reduced by the amount of any deduction
  not itemize. Instructions to calculate your AGI are provided with your income tax form 1040 or 1040A.          taken for a contribution to a traditional IRA for the year, nor does AGI include income from the
4
  For married individuals filing separate returns, the income range for a partial deduction generally            conversion of a traditional IRA to a Roth IRA.
  extends from $0 to $10,000.                                                                                  8
                                                                                                                 For married individuals filing separate returns, the income range for reduced contributions generally
5
  If you are over the age of 701⁄2, your required minimum distribution (RMD) may not be transferred into         extends from $0 to $10,000.
  your IRA (Roth or traditional) or another qualified plan.                                                    9
                                                                                                                 Active participation in an employer-sponsored retirement plan does not reduce the amount you can
6
  Combining a rollover and a contributory IRA may result in the loss of income averaging and capital             contribute to a Roth IRA.
  gains treatment with respect to the rollover assets, if applicable. It also may affect the calculation you




                                                                                                                                                                                                                         7
important information
Before opening a Lord Abbett IRA, please be sure to read the universal individual retirement account information kit, which includes an
IRA disclosure statement and an IRA custodial agreement. Keep this document for your records.
  Call the Lord Abbett Literature Department at 888-522-2388 to obtain the following:
• Application booklet, which includes an IRA application; transfer and rollover form; universal individual retirement account infor-
  mation kit; and custodial account agreement.
• Roth conversion or combination request form, which is separate from the application booklet.

                                  The following table indicates which forms are necessary to establish your IRA.
                                                                                                               REQUIRED FORMS
                                                                                  Lord Abbett                  Transfer and Rollover Form               Lord Abbett
                                                                               IRA Application and                (To initiate the release of         Roth Conversion
                                                                                Custodial Account                   existing assets from              or Combination
                         Type of IRA                                           Adoption Agreement                   another institution)               Request Form

                         New traditional or Roth IRA                                        X
                         Transfer traditional or Roth IRA
                         with existing assets                                               X▲                                  X▲
                         Transfer rollover IRA with
                         existing assets                                                    X▲                                  X▲
                         New rollover IRA (Traditional or Roth)                             X                   Forms provided by prior employer

                         Transfer a traditional IRA
                         and convert to a Roth IRA                                          X                                   X                               X

                         New SEP-IRA or new participant
                         in a SAR-SEP IRA account                                           X

                         Transfer SEP-IRA or SAR-SEP IRA
                         with existing assets                                               X▲                                  X▲

                         Combine two Lord Abbett
                         Roth IRAs into one                                                                                                                     X
                    L
                        If the traditional, Roth, rollover, or SEP-IRA account receiving the assets has already been established at Lord Abbett, the completion of the transfer
                        and rollover form in the Lord Abbett traditional IRA and Roth IRA application booklet is the only requirement.

For 24-hour account access, view your account online at www.lordabbett.com or call our automated
                           shareholder service line at 800-865-7582.

PRIVACY NOTICE                                                    INFORMATION WE COLLECT                                                   except as permitted by law. For example, we may
                                                                    • Information we receive on applications or                            disclose Customer Information in order to process
An important notice concerning customer privacy                       other forms, such as name, address, date of                          a transaction or service an account, or to comply
from State Street Bank and Trust Company:                             birth, and Social Security number.                                   with legal requirements.
    State Street Bank and Trust Company is                          • Information relating to transactions with
pleased to be the Custodian for your retirement                                                                                            INFORMATION SECURITY
                                                                      us, our affiliates and others, such as the
account. The trust and confidence of our customers                    purchase and sale of securities and account                          We restrict access to Customer Information to
are important to us. For this reason, we are careful                  balances.                                                            employees and service providers who are
in the way we handle nonpublic personal informa-                    • Information we receive from third parties,                           involved in providing products and services to
tion    about      our   customers     (“Customer                     such as credit reporting agencies.                                   our customers. In addition, we maintain physi-
Information”). This Privacy Notice describes our                                                                                           cal, electronic, and procedural safeguards that
policies and practices concerning Customer                        INFORMATION WE DISCLOSE                                                  are designed to comply with federal standards in
Information and how they are designed to preserve                 We do not disclose Customer Information about                            order to protect Customer Information.
the trust of our customers.                                       our present or former customers to third parties


    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Lord Abbett funds. This
    and other important information is contained in each fund’s summary prospectus and/or prospectus. To obtain a prospectus
    or summary prospectus on any Lord Abbett mutual fund, contact your investment professional or Lord Abbett
    Distributor LLC at 888- 522-2388, or visit us at www.lordabbett.com. Read the prospectus carefully before you invest.


                                                                           for more information
                                                        Lord Abbett Client Service                     Visit us at:
                                                        888-522-2388                                   www.lordabbett.com
                                             Lord Abbett mutual fund shares are distributed by LORD ABBETT DISTRIBUTOR LLC
                                                                  90 Hudson Street, Jersey City, NJ 07302-3973

                                                                                                                                                                                   LARP-20-1098
                                                               NOT FDIC INSURED–NO BANK GUARANTEE–MAY LOSE VALUE                                                                         (12/09)

				
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