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7-III.G. RETIREMENT ACCOUNTS <br />SAHA Policy <br />SAHA will accept written third -party documents supplied by the family as evidence of <br />the status of retirement accounts. <br />The type of document that will be accepted depends upon the family member's <br />retirement status: <br />o Before retirement, SAHA will accept a copy of document provided from the <br />entity holding the account with a date that shows it is the most recently scheduled <br />statement for the account but in no case earlier than 120 days from the effective <br />date of the re-examination. <br />o SAHA will send third party verification to determine if family has access to the <br />account to determine penalties, early withdrawal fees, and any related fees. <br />o SAHA will consider limited access as having no access. <br />o Upon retirement, SAHA will accept a copy of document provided from the entity <br />holding the account that reflects any distributions of the account balance, any <br />lump sums taken and any regular payments. <br />o After retirement, SAHA will accept a copy of document provided from the entity <br />holding the account dated no earlier than 90 days before that reflects any <br />distributions of the account balance, any lump sums taken and any regular <br />payments. <br />7-III.H. INCOME FROM EXCLUDED SOURCES <br />A detailed discussion of excluded income is provided in Chapter 6, Part I. <br />HUD guidance on verification of excluded income draws a distinction between income which is <br />fully excluded and income which is only partially excluded. <br />For fully excluded income, SAHA is not required to follow the verification hierarchy, document <br />why third -party verification is not available, or report the income on the 50058. Fully excluded <br />income is defined as income that is entirely excluded from the annual income determination (for <br />example, food stamps, earned income of a minor, or foster care funds) [Notice PIH 2O13-04]. <br />PHAs may accept a family's signed application or reexamination form as self -certification of <br />fully excluded income. They do not have to require additional documentation. However, if there <br />is any doubt that a source of income qualifies for full exclusion, PHAs have the option of <br />requiring additional verification. <br />For partially excluded income, SAHA is required to follow the verification hierarchy and all <br />applicable regulations, and to report the income on the 50058. Partially excluded income is <br />defined as income where only a certain portion of what is reported by the family qualifies to be <br />4-24 <br />