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INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT Prototype Plan Agreement ARTICLE I 1.011.021.03Purpose of the Agreement The purpose of this Agreement is to establish a Traditional IRA under Code Section 408(a)

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What is individual retirement custodial account?

An individual retirement custodial account is a type of account that holds retirement funds on behalf of an individual under the care of a custodian, typically a financial institution.

Who is required to file individual retirement custodial account?

Individuals who have an individual retirement custodial account are required to file relevant tax forms with the IRS.

How to fill out individual retirement custodial account?

Individuals can fill out their individual retirement custodial account by providing information about their contributions, withdrawals, and any other relevant details on the necessary tax forms.

What is the purpose of individual retirement custodial account?

The purpose of an individual retirement custodial account is to save and invest funds for retirement in a tax-advantaged manner.

What information must be reported on individual retirement custodial account?

Information such as contributions, withdrawals, gains, losses, and other transactions related to the account must be reported on an individual retirement custodial account.

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