Individual Retirement Accounts

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Individual Retirement Accounts

Opening IRA Savings Accounts

Traditional IRA

Education IRA

SEP & Roth IRA

Opening IRA Certificate Accounts

Managing IRA Funds

Withdraw Funds

Transfer Funds

Managing IRA Accounts

Close an IRA Certificate Account

Close an Account Upon Death

File Maintenance Transactions

 

 

Closing an IRA Certificate Account

The simulations in this module are based on the following scenario:

Zack Reynolds needs to close his IRA certificate account and transfer the funds to his primary savings account. Since the account is being closed before the maturity date, he will be penalized. Zack wants to exempt himself from federal and state withholding.

Simulations

Calculate and Post Dividends

Query Retirement Plan

Compute Certificate Penalty

Withdraw Funds

 

Knowledge Check

Practice Session