ACCOUNT FUNDING

ACCOUNT FUNDING

Deposit Coupon

Use this form if you are making a deposit to your account, including annual contributions and income from assets held in your account (such as loan payments or rental income). Do not use this form for deposits related to rollovers, Roth Conversions, or the sale of an asset within your account. (Fax/Scan Accepted)

Transfer Form

Use this form to move funds or other assets from an account at another institution to the same type of account at Next Generation. This type of fund movement is not reported to the IRS and can be done as often as you would like. Remember to check with the other institution to find out if they require a Medallion Guarantee in order to release your funds. We will require a current account statement from the relinquishing custodian in order to process. (Original Required)

Rollover Form

Use this form to confirm the source of funds or other assets being rolled over into your Next Generation account. This may be used for funds coming from Employer Plans (such as 401k) as well as from other IRAs. This type of fund movement is reported to the IRS. Next Generation will not initiate this movement of funds, so you must contact the other institution directly. Funds Rolled over from an IRA must be put back into an IRA within 60 days, and this type of rollover can only be done once per 12 months from that account. (Fax/Scan Accepted)

Traditional to Roth Conversion Request

Use this form to request a Conversion to a Roth IRA. If you are converting funds or other assets from an existing Next Generation account, you must have a Roth IRA established in order to complete the conversion. If you do not already have a Roth IRA at Next Generation you will need to complete the new account documents. This form is also used to document funds or other assets coming from another institution for deposit as a Conversion to your Roth IRA at Next Generation. (Fax/Scan Accepted)

Participant Self-Certification for Late Rollover Contribution

Use this form to confirm the source of funds or other assets being rolled over into your Next Generation account past the 60 day window allowed for rollovers. This may be used for funds coming from Employer Plans (such as 401k) as well as from other IRAs. This type of fund movement is reported to the IRS. Next Generation will not initiate this movement of funds, so you must contact the other institution directly. Discuss with a tax professional if an exception applies to you. (Fax/Scan Accepted)

Recharacterization Notice and Direction to Transfer

Use this form to recharacterize a Conversion to a Roth IRA back to a Traditional or SEP IRA. If you are converting funds or other assets from an existing Next Generation account, you must have a Traditional or SEP IRA established in order to complete the conversion. (Original Required)