IRA definition
Examples of IRA in a sentence
The custodian or trustee must be a bank or other entity authorized by the IRS to act as trustee or custodian of an Individual Retirement Account ("IRA").
For an IRA, the individual signs above and the IRA Custodian or Trustee signs below.
You will have a grace period of seven calendar days after the maturity date to select a different term, or withdraw the funds in the CD or IRA account without being charged an early withdrawal penalty.
INDIVIDUAL SUBSCRIBER/IRA:* INSTITUTIONAL SUBSCRIBER: Name of Individual Subscriber Name of Institutional Subscriber Signature: By: Print Name: Print Name: Date: Title: Date: *If IRA, the Subscriber must be identified as: (name of the IRA Custodian) for the benefit of (the name of the individual) and must also be acknowledged by custodian or trustee below.
In addition, no penalty shall be charged to the member in the event of premature distribution due to permanent disability, substantially equal periodic payments prior to 59 1/2 (IRS Code 72T exception), distributions to the member’s beneficiaries in the event of death, a direct IRA to IRA transfer from a Variable IRA Savings, or conversion of an IRA account within BECU.