Date: 2018-02-18 13:40
A shareholder&rsquo s cost basis in their investment is reduced to zero. If you receive distributions after getting back all of your cost (or other basis) you may need to report those future distributions as capital gains.
A: RMD is due from Traditional, SEP , SIMPLE and SARSEP IRAs but not Roth IRAs while the account owner is alive. You must calculate your RMD separately for each IRA but you can take your total RMD amount from one IRA or a combination of IRAs.
A: Asset Builder is an option that we offer that enables you to setup an automatic purchase for a set amount from your bank account to your OppenheimerFunds account on a schedule of your choosing. This can be set to occur up to four times per month, or on a quarterly, biannual, or annual basis, depending on preference.
This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, and is not for use to avoid penalties that may be imposed under . federal tax laws. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.
Note: If you are enrolled in an employer-sponsored retirement plan (., SEP , Simple, Single K, 958(b), Profit Sharing), and you want money to come out of your paycheck in order to make a purchase, then you must contact your employer in order to do so. You can only change what funds you want your purchase to go into through our website.
Please Note: When an address is changed, a 65-day hold is applied to all redemptions being sent by check in the mail. A check can still be mailed out if the request is received in writing with a Signature Guarantee stamp.
To assist firms in fulfilling their obligation to provide all available breakpoint discounts on the sales of front-end load mutual funds, FINRA recommends that firms at the time of purchase or periodically thereafter provide investors with a Written Disclosure Statement explaining the availability of breakpoint discounts. FINRA provides this statement as an example of what it believes is appropriate. Firms may wish to tailor the statement to reflect the rules of the mutual funds they sell.
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