IRA
IRA Stand For
Individual Retirement Account
A document is typically required to handle the affairs of a deceased person
Death Certificate
Typically required to access a safe deposit box
Safe Deposit Box Key
Langley Chief Operation Officer
Fred Hagerman
Name of the Operations Team
Deposit Servicing, Deposit Operations, Payments, Digital Operations, Dispute Operations, Card Servicing
At what age can you start withdrawing from a traditional IRA without penalty
59½
Responsible for managing the estate of a deceased person
Executor or Administrator
When is the rent typically due each year
Annually on the date the box was opened
2024 success sharing goals
Save, Spend, Member, Active Digital Banking
In office lingo, what does "WFH" stand for?
Work From Home
Maximum IRA Contribution limit for 2024 for individuals under 50, and the limit for individuals aged 50 and older
under 50 - $6,500
50 and older - $7,500
The term for the legal process of distributing a deceased person’s estate
Probate
Symitar transaction code used for a new rental, renewing, or surrendering safe deposit boxes
Rental (RN)
The Name of the Yearly Langley event that helps us focus on our future
Summit
What hit song by Beyoncé includes the iconic line "If you liked it, then you shoulda put a ring on it"?
"Single Ladies (Put a Ring on It)"
Required Minimum Distribution (RMD) age as of 2024 for traditional IRAs
73
For joint accounts with a co-borrower, if the line of credit, HELOC, or credit card limit exceeds $15,000, what must the co-borrower do after the death of the primary borrower?
close the account and apply to refinance the loan or credit card in their name
Safe Deposit Box Size and Prices
3 x 5-$25.00
5 x 5- $35.00
3 x 10-$45.00
5 x 10-$65.00
10 x 10-$95.00
Started at Langley when I was 18 years old, I have held 8 different positions at Langley
Kenny G
What popular office item was invented by Arthur Fry in 1974?
Post-it Notes
What is a spousal IRA, and who qualifies for it?
A spousal IRA allows a non-working spouse to contribute to an IRA based on the working spouse’s earned income.
If an estate is not qualified and no Letter of Qualification has been issued, what document must the next of kin complete after a 60-day waiting period in Virginia to receive funds from the deceased member's account?
Small Balance Account Affidavit
Name of Branches with Safe Deposit
Southside
Peninsula
MyDesign options
MyDesign Steady Saver Option
MyDesign Ride Rebate Option
MyDesign Worry-Free Option
MyDesign All-In Bundle
I love music, I hate cooking, but do it out of necessity to feed my family
Tori