You can contribute the money you distribute from a QTP to an IRA, but it is not a tax-free rollover and is subject to the annual IRA contribution limits. In 2013, you can contribute up to $5,500 to an IRA, or $6,500 if youâre 50 or older. You cannot contribute more than your gross income.ou can contribute the money you distribute from a QTP to an IRA, but it is not a tax-free rollover and is subject to the annual IRA contribution limits. In 2013, you can contribute up to $5,500 to an IRA, or $6,500 if youâre 50 or older. You cannot contribute more than your gross income.
Best Answer: Status quo is a Latin term meaning the present, current, existing state of affairs. To maintain the status quo is to keep things the way they presently are. Compare it with status quo ante, meaning the state of things as it was before.. Source(s): Cristi@n Â· 10 years ago.
quid pro quo noun [C usually singular]. âº something that is given to a âperson in âreturn for something they have done: The âgovernment has âpromised âfood âaid as a âquid âpro quo for the âstopping of âviolence. (Definition of quid pro quo from the Cambridge Advanced Learners Dictionary & Thesaurus Â© Cambridge University Press).