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SIMPLE IRA APPLICATION Use this SIMPLE IRA Application to open a SIMPLE IRA. IMPORTANT: In compliance with the USA PATRIOT Act, Federal law requires all financial institutions (including mutual funds)
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How to fill out toreador simple ira application082112doc
How to fill out toreador simple ira application082112doc:
01
Start by entering your personal information, such as your name, address, social security number, and contact information.
02
Indicate your employment status, including your employer's name and address, and your job title or position.
03
Provide details about your income, such as your annual salary or wages, and any other sources of income you may have.
04
Specify your contribution amount to the SIMPLE IRA plan, which is a percentage of your compensation or a specific dollar amount.
05
Designate your beneficiaries, who will receive the funds in your SIMPLE IRA account in the event of your death.
06
Review and sign the application, ensuring that all information provided is accurate and complete.
07
Submit the completed application to the appropriate party, typically your employer or the financial institution managing the SIMPLE IRA plan.
Who needs toreador simple ira application082112doc:
01
Individuals who are employed by a company that offers a SIMPLE IRA plan may need to fill out this application.
02
If your employer offers a SIMPLE IRA plan as a retirement savings option, they may require you to complete this application in order to enroll in the plan and start making contributions.
03
Additionally, if you are changing your employment and joining a company that offers a SIMPLE IRA, you may need to fill out this application to transfer your existing IRA or start a new one.
Overall, anyone who is eligible to participate in a SIMPLE IRA plan and wishes to take advantage of the benefits it offers, such as tax advantages and employer matching contributions, may need to fill out the toreador simple ira application082112doc. It is important to consult with your employer or the financial institution managing the plan for specific requirements and instructions on how to complete the application accurately.
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