Nondeductible contribution
Definition A contribution for which no tax-deduction is allowed. The following are examples of contributions that can be deducted. Traditional IRA: An individual who is
IRA
Individual retirement accounts include traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. Traditional and Roth IRAs are funded by the individual owner. SEP IRAs are funded by employers. SIMPLE IRAs are generally funded by employers and employees. Special tax rules apply to these accounts.
Explore
Net Income Attributable (NIA )
Definition The income attributable to (a) an excess IRA contribution , which is removed from the IRA by the applicable deadline or (b) a Roth
Net Unrealized Appreciation ( NUA)
Definition The increase in value of employer securities while they are held in a qualified plan . For instance, if 100 shares of the security
Net earnings from self-employment (NESE)
Definition The gross income derived by an individual from any trade or business carried on by the individual, less the deductions allowed that are attributable
Nest Egg
Definition Savings earmarked to finance a special project , task or event. For retirement planning purposes, retirement nest egg is the amount saved to finance
Outstanding Transfer
Definition A trustee-to-trustee transfer where the assets leave the delivering IRA in one year and credited to the receiving IRA in the following year.
Outstanding Rollover
Definition Distributions taken from an IRA during one year and rolled-over to the same or another IRA during the following year. For instance, a distribution
Outstanding Recharacterization
Definition A conversion that is recharacterized in the year that follows the year in which the conversion was done. For example: A conversion that is
Orphan plan
Definition A defined contribution plan for which there is no plan sponsor or other plan fiduciary willing to act with respect to the plan. Any
Ordering rules-Roth IRA
Definition The order in which amounts attributed to contributions, conversions and earnings are considered to be distributed from a Roth IRA. The ordering rules are
