Contributions
A member can contribute to an IRA until this specific day of the following year.
This type of IRA accepts pre-tax dollars as a contribution.
What is a Traditional IRA?
This is the age a member can withdrawal from an IRA without a penalty.
What is 59 1/2?
This is when a member takes funds from an IRA at another financial institution and brings them here.
What is a transfer?
Eastman Savings & Loan once used the acronym ESL for short, much like this long term savings option known as an IRA.
What is an Individual Retirement Account?
This is the IRA contribution limit for 2023.
What is $6500
This type of IRA accepts after tax dollars as a contribution
What is a ROTH IRA?
This is the age at which a minimum distribution be done on a traditional IRA.
What is 73?
This is the tax document that is distributed at year end if you took a withdrawal from an IRA
What is a 1099-R
This is the title/role of someone who is named as a person the IRA is transferred to once the owner is deceased?
What is a beneficiary?
This is the minimum age for an IRA contribution.
What is none as long as there is earned income?
This is the dollar amount a member receives in the Owner's Dividend for being an ISLLC member
What is $20?
This percentage is the penalty for an early distribution of an IRA.
What is 10%?
These are the two account options members have when opening a Traditional or ROTH IRA.
What are a money maker or a certificate?
This is what ISLLC stand for and the minimum amount to start an account?
What is Investment Services LLC, and $5,000?
This is the age at which you can you do a catch up contribution.
What is 50?
This is the amount a member can contribute as a catch-up contribution.
What is $1,000?
This is an example of a qualified distribution from a ROTH IRA.
What is:
after age 59 1/2?
death?
disability?
first home purchase?
This is how often are IRA statements mailed to the member?
What is quarterly?
Funds transferred from an employer plan.
What is a Rollover?
This is the 2024 contribution limit into an IRA
What is $7000?
This department within ESL handles the IRA accounts.
What is Deposit Operations?
This is the percentage of penalty for a non-qualified distribution from an IRA?
What is 10%?
This is the minimum amount needed to open an IRA certificate.
What is $100?
This firm that joined ESL Investment Services in 2019.
What is Cooper Haims?