GoldStar Terminology

1. Personal funds received into an IRA from the client's bank account
5. The process of converting assets into cash
6. Minimum Distribution The minimum amount that the IRS requires an account owner to remove once they reach 72
7. Process of moving funds directly from one IRA custodian to another
9. Interest Interest is calculated every six months and added to the principal for that six month period
11. Rollover Process of moving funds from a qualified retirement plan into an IRA
15. Interest Interest not added to the principal
16. Rollover A distribution of funds from a client's qualified retirement plan being rolled into an IRA within 60 days

2. A Distribution of funds from a client's IRA being rolled into another IRA within 60 days
3. Kind Distribution A withdrawal of physical assets from the client's IRA
4. Agreement Form that provides the required information to register the bond
8. Process of dealing with uncashed checks
10. A withdrawal of funds or physical assets from the client's IRA
12. Basis What the asset was purchased for
13. Value Estimated value of where the asset is currently
14. Individual(s) who is entitled to receive the IRA once the owner has passed away