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Individual Retirement Accounts (IRA)

  1. New IRA Plan

      Overview Discuss the investment options with clients depending on their investment amount. IRA funds can only be deposited into the...

  2. Contributing to Existing IRA Plans

    Note: Contributions to an existing IRA plan can only be made at maturity for an IRA CD, or into...

  3. IRA Transfer, Direct Rollover, Conversion, or Recharacterization Contributions

    A completed Individual Retirement Account (IRA) form is required for each of the following contribution transactions: IRA Transfer-  IRA...

  4. IRA Rollover Contributions

    To rollover means to transfer between equivalents, and in the financial industry, a rollover transfers funds from one tax-free account...

  5. IRA Distribution Types

    Below is a list of the types of distributions offered by IRAs. Age 59 ½ or Older (Normal for...

  6. Initial IRA Distributions upon Death

    Contact Call Me Direct (CMD) Ext. 397100 prior to distributing funds to an IRA beneficiary. To distribute IRA funds...

  7. Required Minimum Distributions - RMD

    Required Minimum distribution is the minimum amount you must withdraw from your Traditional IRA, SEP IRA or retirement plan...

  8. Opening New Coverdell Education Savings Accounts

    Speak with clients to determine the appropriate product account type option for the Coverdell Education Savings Account (CESA). Discuss...

  9. Contributions to Existing Coverdell Education Savings Accounts

    Contributions to a Coverdell Education Savings account (CESA) can be made using cash or check transactions. To process a...

  10. Distributions from Coverdell Education Savings Account

    To distribute funds from a Coverdell Education Savings account, do the following: In Xperience > SilverLake > StreamLine Platform...

  11. Transferring Funds to Coverdell Education Savings Accounts

    To transfer funds to a new or existing (CD) Coverdell Education Savings Account (CESA), do the following: Discuss the...

  12. Rollover Contributions to Coverdell Education Savings Accounts

    If this contribution is being made to an existing Coverdell Education Savings Account (CESA) at Capital City Bank, do the following:...

  13. Changing the Death Beneficiary for Coverdell Education Savings Accounts

    To change the death beneficiary for a Coverdell Education Savings Account (CESA), do the following: In Xperience > SilverLake...

  14. Designating Successor of Responsible Individual for Coverdell Education Savings Accounts

    When the responsible individual designated on a Coverdell Education Savings Account (CESA) dies before the beneficiary (child) reaches the...

  15. Establishing Simplified Employee Plans (SEP)

    A  Simplified Employee Pension  (SEP) plan provides business owners with a simplified method to contribute toward their employees' retirement...

  16. Types of IRAs

    Explain to the client how each IRA type functions, but for investment advice, refer the client to CCI.  Individual...

  17. Accessing the IRA Rollover or Conversion Review Form

    To access the IRA Rollover or Conversion Review form, do the following: In Xperience > SilverLake >  StreamLine Platform...

  18. IRA Distributions

    Overview IRA distributions are withdrawals from an IRA account.  Distributions may involve taxes or penalties depending on the account...

  19. IRA Change of Beneficiary

    To change the death beneficiary on an IRA account, do the following: In Xperience > SilverLake >  StreamLine Platform...

  20. IRA Recharacterizations

    Recharacterizations allow clients to either fix mistakes or change their minds about recent IRA transactions. Clients can choose to...

  21. Coverdell Education Savings Accounts

    What is a Coverdell Education Savings Account? Internal Revenue Code (IRC) Section 530 defines a Coverdell Education Savings Account (CESA) as...

  22. Closing IRAs

    If the Certificate of Deposit (CD) is an Investment Retirement Account (IRA), advise clients that a fee must be...