Common use of Collectibles Clause in Contracts

Collectibles. Generally, none of your IRA assets may be invested in receiving this Disclosure Statement. If you revoke your IRA, we will collectibles, including any work of art, rug, or antique, metal or return your entire IRA contribution without any adjustment for items such gem, stamp or coin, alcoholic beverage, or any other tangible as sales commissions, administrative expenses, or fluctuation in market personal property. If we allow, you may invest your IRA assets in value. Exceptions to your right of revocation include that you may not the following coins and bullion: certain gold, silver, and platinum revoke an IRA established with a recharacterized contribution, nor do you coins minted by the United States; a coin issued under the laws of have the right to revoke upon amendment of this agreement. any state; and any gold, silver, platinum, and palladium bullion of a You may revoke your IRA by providing us with written notice. The certain fineness, and only if such coins and bullion are held by us. revocation notice may be mailed by first-class mail, or hand delivered to For additional guidance on collectibles, see Section 408(m) of the us. If your notice is mailed by first-class, postage pre-paid mail, the Internal Revenue Code (IRC).