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

Opening a Traditional IRA Certificate Account

The steps for opening each type of IRA certificate account are the same as the steps for opening the same type of savings account, with the following exceptions:

  1. In the CI window, you use the ACRR transaction to add a certificate retirement account.
  2. In the S-Type field, you enter the value IC, when creating a certificate retirement account.



Simulations

Open a Certificate Account

 

Knowledge Check

Practice Session