Self-Directed SIMPLE IRA Investments Sample Clauses

Self-Directed SIMPLE IRA Investments. If your SIMPLE other amendments shall require your consent, by action or no action, IRA is self-directed, you may invest your contributions and and will be preceded by written notice to you. Unless otherwise SIMPLE IRA assets in various deposit and nondeposit which means that your written approval is not required for the required, you are deemed to automatically consent to an amendment, investments. Nondeposit investments may include investments in property, annuities, mutual funds, stocks, bonds, and amendment to apply to the SIMPLE IRA. In certain instances the governing law or our policies may require us to secure your written consent before an amendment can be applied to the SIMPLE IRA. If you want to withhold your consent to an amendment you must provide us with a written objection within 30 days of the receipt date of the amendment.
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Self-Directed SIMPLE IRA Investments. If your SIMPLE IRA is self-directed, you may invest your contributions and SIMPLE IRA assets in various non-deposit investments. Non- deposit investments are offered through Folio Investments, Inc. as the designated broker/dealer and include investments in all forms of securities such as mutual funds, stock, and Exchange Traded Funds. All the investments offered are subject to investment risks, including possible loss of the principal amount invested.

Related to Self-Directed SIMPLE IRA Investments

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

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