Retirement
This individual retirement account type is tax-deferred
What is a traditional IRA?
This person places the transaction for a guided solutions flex account
Who is the financial advisor?
That minimum withholding for California
What is 10% of the federal withholding rate?
This account allows financial advisors to work with clients to build and maintain a portfolio using Edward Jones Investment Policy Committee (IPC) guidance as a framework, while providing flexibility. Can be applied to non-retirement and retirement accounts.
What is a select account?
D80
What is a cash distribution?
A reportable payment of cash or assets to an IRA account holder. This is a movement of money from a retirement account to a non-retirement account
What is a disbursement?
System automatically places the sell for this "guided" account
What is the guided solutions fund account?
The minimum withholding for Montana
What is $10?
This account allows the client to make decisions and have the final say on all buys and sells. A $25,000 minimum investment is required.
What is guided solutions flex account?
DST
What is a securities distribution?
This individual retirement account is post-tax
What is a Roth IRA?
System automatically places the sell for this "advisory" account
What is advisory solutions fund model?
The minimum withholding for Utah
What is $0.00?
This account allows the client to make decisions and have the final say on all buys and sells. A $25,000 minimum investment is required.
What is advisory solutions fund account?
L90
What is a cash lump sum distribution?
Generally, if you are under this age and you distribute assets (money or securities) from your IRA, a 10% penalty on pre-tax dollars for the early distribution will be incurred
What is 59 1/2?
The overlay manager places the sell in this advisory program
What is advisory solutions UMA model?
This year indicates the cut off for certain withholding requirements in Michigan
What is 1946?
This account is not a long-term solution but allows clients and branch teams to perform transactions that cannot be performed in other account solutions
What is Select Transitional account?
LDN
What is a securities lump sum distribution?
This early withdrawal penalty can be used to pay for tuition, fees, books, supplies, enrollment equipment, or attendance
What are qualified higher education expenses?
Disbursement agent should look to see when the disbursement was created.
ex: if FA missed 3pm CST cut-off time
What is best practice?
Birth place of Ross Perot, this city was founded in 1873 and clients living here do not have the option to withhold
What is Texarkana?
This account is for the client that would like to leave day-to-day investing decisions to the professionals while benefiting from tax efficiencies. A $300,000 minimum investment is required
What is the advisory solutions unified managed account?
FD3
What is a federal disaster contribution (2023)?