CLIENT CENTER REP / ADVISOR CENTER

Equity Distribution

AFA

AAL EQUITY DISTRIBUTION TO IRA ROLLOVER


Can American Financial Advisors provide guidance with the AAL Equity Distribution to an IRA Rollover?

Equity Distribution to IRA Rollover Important Deadlines

What information does AFA need to start the Equity Distribution Rollover process?


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Can American Financial Advisors provide guidance with the AAL Equity Distribution to an IRA Rollover?


Yes. American Financial Advisors has assisted more than 200 AFA Pilot-Clients with the Equity Distribution Rollover. AFA Pilot-Clients have rolled-over more than $5 million in Equity Distribution assets, which potential tax refunds and/or credits of more than $1.4 million..


AFA will assist Pilot-Clients with additional IRA Rollovers, if applicable.


AFA can also provide guidance and analysis on AAL Cost Basis.


Disclaimer: AAL Equity Distribution and Rollover guidance is based on AA/APA documents. In case of conflict, AA/APA documents govern. Information is subject to change. AFA does not provide tax advice.


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Equity Distribution to IRA Rollover Important Deadlines


By Markus Bras, CFP®, MBA; Director of Pilot Services, American Financial Advisors, Inc.


IRS deadlines for the IRA Rollover of the 2013, 2014 and/or 2016 Equity Distribution awards have expired.


AFA will update Pilot-Clients on the deadline of future Equity Distribution rollovers, if applicable.

Disclaimer: AAL Equity Distribution and Rollover guidance is based on AA/APA documents. In case of conflict, AA/APA documents govern. Information is subject to change. AFA does not provide tax advice.



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What information does AFA need to start the Equity Distribution Rollover process?


American Financial Advisors’ Equity Distribution to IRA rollover guidance is based on the following information:


-AA Notice Letter. To be received from AA by mail. This letter states the annual Gross Equity Distribution Awards (call 888-285-9438 or email equity.hub@aa.com if you have not received the AA Notice Letter)..


-Summary of Computershare transactions (Net awards/Sales/Transfers):


Go to www.computershare.com/aal

Select “Employee Plan Stock” - “View Account”

From top bar select “History” followed by selecting “Transaction History”.

Make sure that “For the Year” has been selected with “All” and “All” selected.

Copy and Paste all transactions under “Historical Transactions”.


--Transaction History of AAL shares transferred to a taxable brokerage account (other than your Schwab taxable brokerage account)..


-Email this information to mbras@AFAdvisors.com


Computershare contact information: For online information, access your Computershare account through www.computershare.com/aal (don’t forget to add the www or you will not reach the appropriate website). If you have issues with online access to your Computershare account or would like to discuss your Computershare account by phone, contact Computershare at 888-608-2597 or 888-608-2588; In order to avoid getting stuck in a phone tree quagmire, only enter -0- or no prompts at all. Note: Your Global ID is your Social Security number.


Disclosure: AFA does not provide specific tax advice. All Equity Distribution to IRA guidance is based on information from Computershare, JetNet, APA and IRS websites. This information is subject to change without notice. Prior to commencing the Equity Distribution to IRA rollover we highly recommend contacting your tax professional to discuss the benefits and costs of rolling-over Equity Distribution assets. Once Equity Distribution assets are rolled-over to an IRA, IRA rules govern. We do not recommend rolling-over Equity Distribution assets, if these assets are needed prior to retirement. Only the effect of Federal Income Taxes is taken into consideration in AFA’s guidance. The Equity Distribution to IRA rollover of 2013 and/or 2014 Equity Distribution awards required filing amended tax returns. AFA does not provide guidance on filing amended tax returns. Documents related to the Equity Distribution to IRA rollover of the 2016 Equity Distribution award should be included when filing 2016 tax forms. The information provided by AFA is not audited and not considered tax advice. APA’s statement regarding the Equity Distribution Rollover should be taken into consideration (“there is no guarantee of the position that the IRS might ultimately take regarding an equity transfer”). Your tax professional ultimately determines the applicable income reduction resulting from rolling-over Equity Distribution assets to a traditional IRA.

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