Ads
related to: fidelity custodial ira account
Search results
Results From The WOW.Com Content Network
The custodian or parent will have to open and help them with the account. To open a custodial Roth IRA, find a bank, credit union or other financial institution that offers this option.
Fidelity SEP IRA fees apply to Fidelity Go accounts once balances reach $25,000. ... SIMPLE IRA plans don’t have setup fees. Custodial services cost $20 per participant annually, and account ...
For example, in the context of the Individual Retirement Account (IRA), a brokerage firm distinguishes its custodial account IRAs from trust IRAs when seeking IRS tax approval for an IRA plan which is part of a brokerage account agreement. The treatment of a brokerage account based IRA as a trust for tax purposes is largely a legal fiction.
A self-directed IRA needs a thorough plan and a trustworthy custodian. Fortunately, a financial advisor can help identify worthwhile assets and appoint a reliable trustee for your account.
There are several types of IRAs: Traditional IRA – Contributions are mostly tax-deductible (often simplified as "money is deposited before tax" or "contributions are made with pre-tax assets"), no transactions within the IRA are taxed, and withdrawals in retirement are taxed as income (except for those portions of the withdrawal corresponding to contributions that were not deducted).
A self-directed individual retirement account is an individual retirement account (IRA) which allows alternative investments for retirement savings. Some examples of these alternative investments are real estate, private mortgages, private company stock, oil and gas limited partnerships, precious metals, digital assets, horses and livestock, and intellectual property. [1]