We have an IRA beneficiary who has inherited an IRA. She is a non-spouse beneficiary of the original IRA, and has named her spouse and daughter as beneficiaries of her inherited IRA (payout account). When calculating FDIC insurance, what ownership category applies to this inherited IRA, is it considered a "certain retirement account" or a revocable trust account?
Can an employee contribute to a SEP IRA?
What is an inherited IRA? Can the customer add money to an inherited IRA?
Is there any type of IRA that you can have past 70 ½?
Are we out of compliance when an IRA account holder dies and we go ahead and internally move the IRA funds into Beneficiary IRA accounts for the
beneficiaries before they come in to make their Beneficiary Elections? Are we obligated to continue interest accrual on those funds or should the
interest accrual stop at the death of the IRA account holder?
Can a customer leave an IRA to a charity?
Can someone please tell me whether, for an IRA customer over 70 1/2 who has an RMD, does the federal tax withheld get deducted from the RMD amount or is it an additional % on top of the set RMD amount?
We have an IRA customer who has passed away. The beneficiaries want the checks made payable to them without the IRA being transferred into the beneficiaries' names. Can we do that?
We have looked at Reg DD but cannot find where it even mentions this.
Are we required to tie IRA rates (variable or fixed) to an outside index? I think that back in the 1980’s when they first became available, it was a
But I cannot find it mentioned anywhere now?
What disclosures are required on an annual IRA statement?