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Extended IRA
A quick reference guide
Thomas H. Duncan, JD, CLU, CFC
Sr. Director, Advanced Consulting Group
NationwideWhat Is It?
Extended IRA is a concept not a product. It is a way for the beneficiaries
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What is extended ira?
Extended IRA is a retirement account that allows individuals to save for retirement with additional contributions beyond the limits of traditional IRAs.
Who is required to file extended ira?
Individuals who have reached the age of 50 or older are eligible to make catch-up contributions to an Extended IRA.
How to fill out extended ira?
To fill out an Extended IRA, individuals must complete the necessary forms provided by their financial institution or brokerage firm.
What is the purpose of extended ira?
The purpose of Extended IRA is to provide individuals with the opportunity to save more for retirement and catch up on their retirement savings if they have fallen behind.
What information must be reported on extended ira?
The information that must be reported on Extended IRA includes contributions made, investment earnings, withdrawals, and any applicable taxes.
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