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 Savings Account

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

Jack Branson wants to open a Traditional IRA savings account. He wants to exempt himself from federal and state withholding. Jack wants to add one beneficiary, his spouse, Joan Branson and a contingent beneficiary, his son, Mark Branson. Jack would like to deposit $2000 in his new account.

Simulations

Add a Retirement Plan

Open a Savings Account

Add Beneficiaries

Make a Deposit

 

Knowledge Check

Practice Exercise