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Rollover Notice to IRA Holders

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Effective January 1, 2015, you may make only one non-taxable IRA-to-IRA rollover every 12 months. This limitation applies regardless of how many IRAs you have. Because of this new rule, rollovers after the first one in a 12-month period are taxable. All rollover distributions and contributions are reported to the Internal Revenue Service.

For more information about this new rule, please see the IRA One-Rollover-Per-Year Rule page from the IRS.

Now would also be a good time for current Kingdom Trust account holders to review and update, if necessary, their beneficiary information. At a minimum, it’s important to review this information after every life event. It is also a good time to confirm other account information such as payment information, addresses, and other pertinent data.

If you have any questions about the new rollover rule or about updating your account, please contact Kingdom Trust representatives at 888.753.6972.

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