Get the free 98 Traditional IRA Custodial Application, Plan Agreement and Disclosure (5/2012)

TRADITIONAL IRA Simplified INDIVIDUAL RETIREMENT ACCOUNT APPLICATION PART 1. IRA OWNER PART 2. IRA CUSTODIAN Name (First/MI/Last) Address Line 1 Church Extension Plan Name PO Box 12629 Address Line

How to fill out 98 traditional ira custodial

How to fill out a 98 Traditional IRA custodial account:

1. Gather the necessary documents and information, including your Social Security Number, date of birth, and contact information.
2. Contact the financial institution offering the 98 Traditional IRA custodial account and request an application form.
3. Carefully read through the application form and provide all the required information, such as your name, address, and employment details.
4. Indicate the type of investments you wish to make within the account, such as stocks, bonds, or mutual funds.
5. Specify the contribution amount you would like to make, considering the annual contribution limits set by the IRS.
6. Sign and date the application form, ensuring that all the provided information is accurate and complete.
7. Submit the completed application form to the financial institution either in person, by mail, or through their online platform.
8. If required, include any additional documentation requested by the financial institution, such as a copy of your identification or proof of income.

Who needs a 98 Traditional IRA custodial account:

1. Individuals who are looking to save for retirement and take advantage of potential tax benefits may consider opening a 98 Traditional IRA custodial account.
2. Those who do not have access to a retirement plan through their employer or want to supplement their existing retirement savings may find a 98 Traditional IRA custodial account beneficial.
3. Self-employed individuals or small business owners may choose a 98 Traditional IRA custodial account as a retirement savings option.
4. Investors who prefer a wide range of investment options and want to have control over their retirement investments often opt for a 98 Traditional IRA custodial account.
5. Individuals who meet the income eligibility requirements set by the IRS can contribute to a 98 Traditional IRA custodial account and potentially deduct their contributions from their taxable income.

Remember to consult with a financial advisor or tax professional to ensure that a 98 Traditional IRA custodial account aligns with your individual financial goals and circumstances.

For pdfFiller’s FAQs

What is 98 traditional ira custodial?

98 traditional ira custodial is a form used to report information about individual retirement accounts (IRAs) held by a custodian.

Who is required to file 98 traditional ira custodial?

Custodians of IRAs are required to file Form 98 to report information about the accounts.

How to fill out 98 traditional ira custodial?

Form 98 can be filled out by providing the required account information, such as the account holder's name, address, and account details.

What is the purpose of 98 traditional ira custodial?

The purpose of Form 98 is to report information about IRAs to the IRS for tax compliance purposes.

What information must be reported on 98 traditional ira custodial?

Information that must be reported on Form 98 includes the account holder's name, address, account number, contributions, distributions, and any other relevant details.

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