RETIREMENT SAVING OPTIONS FOR INDIVIDUALS

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "RETIREMENT SAVING OPTIONS FOR INDIVIDUALS"

Transcription

1 RETIREMENT SAVING OPTIONS FOR INDIVIDUALS For Traditional, Rollover, SEP or Roth IRA BUFFALO FUNDS

2 We re pleased that you have chosen the Buffalo Funds for your retirement investment. These Funds are professionally managed no-load mutual funds that offer a variety of choices to match your investment style and financial goals. An Individual Retirement Account, or IRA, is one of the best investments you can make towards your future. And now, with recent changes in the tax law, it is even a better and more flexible instrument for retirement planning. Considering inflation and the rising cost of living, an IRA can also serve as a necessary supplement to Social Security benefits or an employer plan or pension. And, since your IRA investment may be tax deductible and tax deferred, it offers advantages other investments cannot. Because we want you to feel confident about the IRA decision you ve made, we ve reviewed some of the most commonly asked questions regarding the different Individual Retirement Accounts. If you are ready to establish your Buffalo IRA, you can turn directly to page 7 for easy enrollment instructions. What is an IRA? An Individual Retirement Account, or IRA, is one of the best investments you can make towards your future. An Individual Retirement Account (IRA) is an IRS-approved way for any working individual to set aside savings for retirement each year in a tax-deferred account. You are not taxed for accumulated earnings in your IRA until benefits are withdrawn usually after retirement when you may be in a lower income tax bracket. Furthermore, depending on the type of IRA, you may be allowed to deduct the contribution on your Federal income tax return, provided you or your spouse are not covered by an employer-sponsored retirement plan and you establish a Traditional IRA. Even if you are covered you may still be allowed to deduct all or part of your contribution if your income falls below specified limits. Remember, you still benefit from tax-deferred compounding even if you are not eligible for a deduction. What are the different types of IRAs? The different types of IRAs are Traditional, Rollover, SEP and Roth. Traditional IRA is available to anyone who receives compensation and has not reached their 70 1 /2 year. Contributions are made directly by the individual. (See page 3 for contribution limits.) Rollover IRA is a type of IRA designed for deferring taxes on eligible distributions received from a tax-qualified retirement plan. Effective in 2002, after-tax assets from a qualified retirement plan and assets held in a governmental 457 plan are eligible for rollover to a Traditional IRA. To protect the option of someday moving them to another employer plan, such assets are often best kept in a separate IRA that contains no other contributions. SEP IRA, or Simplified Employee Pension, is available to employees of companies who have established a SEP plan and comply with the plan s eligibility requirements. The employer makes contributions on behalf of the employees. 2

3 Roth IRA gives you tax-deferred growth, provides tax-free status for your earnings at retirement provided specific IRS guidelines are met and is available to anyone who receives compensation which does not exceed the threshold level ($95,000 for single filers and $150,000 for joint filers). Contributions are made directly by the individual, are always non-deductible and are not restricted by participation in employer-sponsored plans. Each year you may convert some or all of your money from a Traditional IRA to a Roth IRA. But you need to be sure of your AGI for the year before you make the conversion. Single individuals or married couples filing jointly whose AGI is less than $100,000 are allowed to convert their Traditional IRAs to Roth IRAs. (Married individuals who file separately will not be able to convert.) Conversion from a Traditional IRA to a Roth IRA is a taxable distribution, but there will not be a 10% early withdrawal penalty. What am I allowed to contribute to an IRA? For 2001, the annual contribution limit for a Traditional IRA and/or Roth IRA is $2,000 ($4,000 for married couple), or 100% of earned income, whichever is less. For years 2002 and beyond the contribution limits increase as follows: YEAR AMOUNT $3,000 ($6,000 for married couples) $4,000 ($8,000 for married couples) 2008 and beyond $5,000 ($10,000 for married couples) Any contribution you make beyond the limit is considered and excess contribution and is subject to tax penalties. What is an IRA catch-up contribution? Effective for tax years beginning January 1, 2002, individuals who attain age 50 before the end of the taxable year may be eligible to contribute an additional amount to a Traditional IRA and/or Roth IRA as a catch-up contribution as follows: YEAR AMOUNT $ and beyond $1,000 Is there a minimum investment? You can open a Buffalo IRA with as little as $250. Remember, any amount invested in your IRA is a positive step towards your retirement. And, you may reduce or eliminate your contributions at any time. Contributions can be made in a lump sum or several smaller investments. If regular monthly investments throughout the year work well in your budget, you may want to consider Automatic Monthly Investments with an initial minimum investment of only $100. Contributions of only $ each month will allow you to contribute the maximum annual investment. With regular monthly investments you will also benefit from one of the most effective investment techniques dollar-cost averaging. You can open a Buffalo IRA for as little as $250. 3

4 You ll purchase a greater number of shares when prices are lower and fewer shares when prices are high. Buffalo can deduct a minimum of $50 each month directly from your checking account towards your IRA. Complete the Automatic Monthly Investment section of the IRA Enrollment Form if this is how you wish to contribute to your IRA. ASSUMED INVESTMENT OF $ EACH MONTH ($3,000 ANNUALLY) COMPOUNDED FOR 30 YEARS. 10% Return 8% Return $600, , , , , ,000 $ INITIAL INVESTMENT TOTAL VALUE OF INVESTMENT AFTER 30 YEARS $569,831 (based on 10%) $415,977* $375,074 (based on 8%) $273,804* These are hypothetical investments and are for illustrative purposes only. It is not intended to predict or guarantee the performance of any Buffalo Fund. Since automatic monthly investing involves continuous investing regardless of fluctuating securities prices, you should consider your ability to continue to purchase over an extended period of time. While such a plan does not assure a profit or protect against loss in a declining market, many experts agree it is a sound way to invest. *These figures represent after-tax values assuming a 27% federal tax rate. Will I get a tax credit for my contribution? For tax years 2002 through 2006, certain individuals may receive a nonrefundable tax credit (not to exceed $1,000) for contributions made to a Traditional and/or Roth IRA. If you are eligible, the tax credit is equal to the applicable percentage on up to $2,000 or a qualified retirement savings contribution which includes an annual IRA contribution. To be eligible for the tax credit, you must have attained age 18 before the end of the taxable year; not be a dependent or full-time student and have adjusted gross income within the limits. The following indicates the income levels for eligibility for the tax credit and the applicable percentage used to calculate the tax credit. ADJUSTED GROSS INCOME JOINT RETURN HEAD OF HOUSEHOLD ALL OTHER CASES OVER NOT OVER OVER NOT OVER OVER NOT OVER APPLICABLE PERCENTAGE $0 $30,000 $0 $22,500 $0 $15, ,000 32,500 22,500 24,375 15,000 16, ,500 50,000 24,375 37,500 16,250 25, ,000 37,500 25,

5 Summary Comparison What is the difference between a Traditional IRA and the Roth IRA? Simply put, it is not if but when you pay your taxes either up front or at the time distributions are made. What s right for you? Take a look at these basic differences and then talk to a qualified professional to assess your personal financial situation. AM I ELIGIBLE? WHAT ARE THE BENEFITS? TRADITIONAL IRA You can make a tax-deductible contribution if you are an employed individual younger than age 70 1 /2 and: Not an active participant in an employer s retirement plan. Are an active participant in an employer s retirement plan and your Adjusted Gross Income is: Single: Up to $34,000 for 2002* Married (joint): Up to $54,000 for 2002* *Limit gradually increases in subsequent years. Earnings grow tax deferred. Contributions may be fully or partially deductible for certain individuals. ROTH IRA You can make non-deductible contributions no matter what your age if you are an employed individual and your Adjusted Gross Income is: Single: Up to $110,000 (Phases out starting at $95,000) Married (joint): Up to $160,000 (Phases out starting at $150,000) Earnings grow tax deferred.* Contributions are not deductible. WHAT ARE MY CONTRIBUTION LIMITS? DO I HAVE TO START TAKING MONEY OUT AT AGE 70 1 /2? $2,000 annually 2001 $3,000 annually $4,000 annually $5,000 annually 2008 Yes $2,000 annually 2001 $3,000 annually $4,000 annually $5,000 annually 2008 No *With a Roth IRA, you may withdraw earnings free of income tax and penalties, if the account is at least five years old and one of the following events occur: age 59 1 /2, disability, death or first home purchase. You may withdraw the contributions without tax and penalties at any time, unlike a Traditional IRA. Is my Traditional IRA contribution deductible? The deductibility of your Traditional IRA investment is determined by your IRS filing status, income and retirement plan participation. If neither you or your spouse is covered by an employer-sponsored retirement plan, you can both take up to the full $3,000 deduction. Refer to the chart below if either of you are covered by such a plan: FOR 2001 ADJUSTED GROSS INCOME JOINT FILING SINGLE FILING DEDUCTIBILITY Under $53,000 Under $33,000 Full Deduction $53,000 - $63,000 $33,000 - $43,000 Partial Deduction* Over $63,000 Over $43,000 No Deduction FOR 2002 JOINT FILING ADJUSTED GROSS INCOME SINGLE FILING DEDUCTIBILITY Under $54,000 Under $34,000 Full Deduction $54,000 - $64,000 $34,000 - $44,000 Partial Deduction* Over $64,000 Over $44,000 No Deduction *Please refer to the Traditional IRA Disclosure Statement. 5

6 If I already participate in a retirement plan at work, can I still have an IRA? Yes. Even if you participate in an employer-sponsored plan such as a pension, profit sharing or stock bonus plan, 401(k) or 403(b), you may still invest in a Traditional or Roth IRA. However, the amount of your Traditional IRA investment that is tax deductible will be affected. Although you may not be eligible to deduct your Traditional IRA contributions, you can still invest in a Traditional or Roth IRA and benefit from tax-deferred compounding. A tax-deferred investment grows much faster. AFTER TAX VALUES TAXABLE INVESTMENT VS. NON-DEDUCTIBLE IRA After 20 Years After 30 Years Taxable Investment $136,369 Taxable Investment $320,986 Non-Deductable IRA Upon Distribution $154,175 Non-Deductable IRA Upon Distribution $420,566 $500, , , , ,000 Assumes a $3,000 investment every year on January 1 that compounds annually at 10%. A 27% tax rate is applied annually on the taxable investment, and would be applied at withdrawal of the Traditional IRA. These are hypothetical investments and are for illustrative purposes only. It is not intended to predict or guarantee the performance of any Buffalo Fund. Can I exchange my IRA from one mutual fund to another? If your investment objectives change after you have established your IRA with Buffalo, you can exchange from one Buffalo Fund to another at no charge. Because assets in this type of transaction remain entirely within the IRA, the exchange is not taxable or reportable. You may authorize telephone exchange by completing the pre-authorization section of the IRA Enrollment Form. When can I start withdrawing money from my IRA? How are distributions paid? You may withdraw from your IRA at any time. Because an IRA is intended to be a long-term investment for your retirement, you will owe the IRS a 10% penalty tax on any money withdrawn from your Traditional IRA prior to turning 59 1 /2. You must begin withdrawing funds from your Traditional IRA at 70 1 /2. Distributions made from your Roth IRA will not be taxed or penalized if your account was opened for a minimum of five years and you withdraw the money because of one of the following reasons: age 59 1 /2, disability, death or first home purchase. You are not required to begin distributions at age 70 1 /2. Please refer to the Roth IRA Disclosure Statement for more detailed information. Payment for a total distribution of your IRA can be made to you in a single check or you may transfer your IRA shares to a personal non-ira account in one of the Buffalo Funds. There are also installment withdrawal options available. Please refer to either Disclosure Statement for more detailed information. Are there any fees associated with my IRA? The law requires that IRA assets be held by a bank trustee or other IRS-approved facility. Great Plains Trust Company serves as the trustee of your Buffalo IRA. The current schedule of trustee fees is set out below. SCHEDULE OF TRUSTEE FEES* Non-periodic withdrawal or termination charge $ *The trustee reserves the right to change the fee schedule upon sixty days written notice. In addition, the trustee may charge for additional services not contemplated by this schedule.

7 Establishing Your Buffalo IRA You are now ready to establish your Buffalo IRA. Simply follow the steps on the next page for the type of IRA that fits your situation. Congratulations on your decision to begin planning for your retirement today! To set up a traditional, rollover, SEP or Roth IRA: Carefully review the Buffalo Fund prospectus and the IRA information you have been provided. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Enrollment Form. If you are also establishing an IRA for your spouse, a separate Enrollment Form must be filled out. To establish your IRA using our Automatic Monthly Investment Plan, be sure to complete that section of the Enrollment Form and attach a voided check in the designated area. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Beneficiary Designation Form, if needed. Enclose a check for your initial contribution. If you are establishing a SEP IRA, a copy of your employer s SEP agreement or IRS Form 5305-SEP MUST be attached. To transfer an IRA from another institution: Carefully review the Buffalo Fund prospectus and the IRA information you have been provided. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Enrollment Form. If you are also transferring your spouse s IRA, a separate Enrollment Form must be filled out. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Transfer/Rollover Form. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Beneficiary Designation Form, if needed. If you are transferring a SEP IRA, a copy of your employer s SEP agreement or IRS Form 5305-SEP MUST be attached. To roll over a distribution from a qualified retirement plan or to convert from a Traditional IRA to a Roth IRA: Carefully review the Buffalo Fund prospectus and the IRA information you have been provided. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Enrollment Form. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Transfer/Rollover Form. Complete the Buffalo Traditional IRA/Roth IRA/SEP IRA Beneficiary Designation Form, if needed. Contact your employer for distribution requirements. We hope this information is helpful to you and illustrates the benefits of an IRA for your retirement years. If you have further questions, please refer to the Disclosure Statements or call a Buffalo IRA Representative at BUFFALO ( ). MAIL YOUR INITIAL This brochure must be preceded or accompanied by a current Buffalo Funds prospectus. INVESTMENT AND/OR THE The prospectus contains more complete information, including all annual fund charges and ENROLLMENT FORM AND OTHER REQUIRED FORMS TO: expenses. Please read it carefully before you invest or send money. Buffalo Funds P.O. Box Kansas City, MO

8 BUFFALO FUNDS JONES & BABSON, INC. DISTRIBUTORS P.O. Box Kansas City, Missouri BUFFALO ( ) JB10A 3/02

ira individual retirement accounts Traditional IRA

ira individual retirement accounts Traditional IRA ira individual retirement accounts Traditional IRA Grow dollars for tomorrow, save on taxes today. A traditional IRA may provide you significant immediate tax savings, and due to the deferral of all taxes

More information

IRA Opportunities. Traditional IRA vs. Roth IRA: Which is right for you? What kind of retirement funding vehicle is right for you?

IRA Opportunities. Traditional IRA vs. Roth IRA: Which is right for you? What kind of retirement funding vehicle is right for you? IRA Opportunities. Traditional IRA vs. Roth IRA: Which is right for you? What kind of retirement funding vehicle is right for you? Now more than ever, an Individual Retirement Account (IRA) may help provide

More information

Franklin Templeton IRA

Franklin Templeton IRA Investor s Guide Franklin Templeton IRA Traditional IRA Roth IRA Whether you are just starting to save or entering retirement, an IRA can be an important part of a sound financial strategy to meet your

More information

Vantagepoint. Complement Your Public Sector Retirement Savings

Vantagepoint. Complement Your Public Sector Retirement Savings Vantagepoint Payroll roth IRA Complement Your Public Sector Retirement Savings Introduction An Individual Retirement Account (IRA) is one of the best ways for individuals to save for retirement. IRAs

More information

Individual retirement arrangements (IRAs) are one of the most viable answers to the question of how to ensure a secure retirement.

Individual retirement arrangements (IRAs) are one of the most viable answers to the question of how to ensure a secure retirement. Learn About IRAs Traditional IRAs How can a Traditional IRA help me save for retirement? Who may contribute, and how much? What is a spousal contribution? What is a SEP Contribution? What is an IRA catch-up

More information

Guide to Individual Retirement Accounts. Make a secure retirement yours

Guide to Individual Retirement Accounts. Make a secure retirement yours Guide to Individual Retirement Accounts Make a secure retirement yours Retirement means something different to everyone. Some dream of stopping employment completely and some want to continue working.

More information

IRAs. AKD Consultants Adam Dworkin CPA 188 Whiting Street Suite 10 Hingham, MA 02043 781-556-5554 Adam@AKDConsultants.com

IRAs. AKD Consultants Adam Dworkin CPA 188 Whiting Street Suite 10 Hingham, MA 02043 781-556-5554 Adam@AKDConsultants.com AKD Consultants Adam Dworkin CPA 188 Whiting Street Suite 10 Hingham, MA 02043 781-556-5554 Adam@AKDConsultants.com IRAs October 01, 2013 Page 1 of 8, see disclaimer on final page Both traditional and

More information

The Roth IRA. An IRA with a difference. Is it right for you?

The Roth IRA. An IRA with a difference. Is it right for you? The Roth IRA An IRA with a difference Is it right for you? The Roth IRA An IRA with a difference The original IRA was designed to help individuals plan for their retirement by enabling them to make tax-deductible

More information

NORTHERN FUNDS TRADITIONAL IRA. investor guide

NORTHERN FUNDS TRADITIONAL IRA. investor guide NORTHERN FUNDS TRADITIONAL IRA investor guide TRUST NORTHERN for a lifetime of investing LOOK FORWARD Retirement isn t about age. It s about possibilities, and dreams for your future. At Northern Funds,

More information

Vantagepoint. Complement Your Public Sector Retirement Savings With a Vantagepoint Payroll Roth IRA

Vantagepoint. Complement Your Public Sector Retirement Savings With a Vantagepoint Payroll Roth IRA Vantagepoint Payroll IRA Complement Your Public Sector Retirement Savings With a Vantagepoint Payroll Roth IRA Introduction An Individual Retirement Account (IRA) is one of the best ways for individuals

More information

Q & A s about IRAs. Your promotional imprint here and/or back cover.

Q & A s about IRAs. Your promotional imprint here and/or back cover. P l a n n i n g Y o u r R e t i r e m e n t Q & A s about IRAs Your promotional imprint here and/or back cover. ABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 1-800-123-4567 The

More information

Your Guide to. Individual Retirement Accounts

Your Guide to. Individual Retirement Accounts Your Guide to Individual Retirement Accounts Your Guide to Individual Retirement Accounts (IRAs) TRADITIONAL AND ROTH IRAs ROLLOVERS A CONSUMER S GUIDE TO IRA ELIGIBILITY AND BENEFIT CHART Only 10% of

More information

Basics of IRAs ING FINANCIAL SOLUTIONS. Your future. Made easier. SM

Basics of IRAs ING FINANCIAL SOLUTIONS. Your future. Made easier. SM Basics of IRAs t FDIC/NCUA Insured t A Deposit Of A Bank t Bank Guaranteed May Lose Value t Insured By Any Federal Government Agency ING FINANCIAL SOLUTIONS Your future. Made easier. SM Traditional IRA

More information

Supplement to IRA Custodial Agreements

Supplement to IRA Custodial Agreements Supplement to IRA Custodial Agreements Effective December 31, 2014, the update below will be made to the American Century Custodial agreements for the following retirement accounts: Traditional IRAs, Roth

More information

NORTHEAST INVESTORS TRUST. 125 High Street Boston, MA 02110 Telephone: 800-225-6704

NORTHEAST INVESTORS TRUST. 125 High Street Boston, MA 02110 Telephone: 800-225-6704 NORTHEAST INVESTORS TRUST traditional IRA INVESTOR S KIT 125 High Street Boston, MA 02110 Telephone: 800-225-6704 Table of Contents NORTHEAST INVESTORS TRUST TRADITIONAL IRA DISCLOSURE STATEMENT...1 INTRODUCTION...1

More information

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE. Tax-advantaged IRAs. Invest in your retirement savings while reducing taxes

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE. Tax-advantaged IRAs. Invest in your retirement savings while reducing taxes NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Taxadvantaged IRAs Invest in your retirement savings while reducing taxes Find the answers inside Why invest for retirement? p. 1 Discover three good reasons

More information

Traditional IRA/Roth IRA

Traditional IRA/Roth IRA premiere select Traditional IRA/Roth IRA Invest in your retirement today. Saving for your retirement. 01 Important Section in head any lorem market. ipsum dolore sit amet If you re planning for your future,

More information

Roth IRA. Answers. To Your. Questions

Roth IRA. Answers. To Your. Questions Roth IRA Answers To Your Questions A wealth of information to plan your future The Roth IRA offers unique and exciting savings opportunities. Not only can it help with retirement needs, but also a first-time

More information

Individual Retirement Account (IRA)

Individual Retirement Account (IRA) Individual Retirement Account (IRA) Investing in Your Future with The Royce Funds An IRA is a Powerful Retirement Planning Tool The importance of sound financial planning for retirement cannot be overstated.

More information

IRAs Traditional Individual Retirement Accounts. 2014 and 2015. Questions & Answers

IRAs Traditional Individual Retirement Accounts. 2014 and 2015. Questions & Answers IRAs Traditional Individual Retirement Accounts 2014 and 2015 Questions & Answers What is the purpose of this brochure? It summarizes the primary laws governing traditional IRAs for 2014 and 2015. What

More information

IRAs Traditional Individual Retirement Accounts. 2013 and 2014. Questions & Answers

IRAs Traditional Individual Retirement Accounts. 2013 and 2014. Questions & Answers IRAs Traditional Individual Retirement Accounts 2013 and 2014 Questions & Answers What is the purpose of this brochure? It summarizes the primary laws governing traditional IRAs for 2013 and 2014. What

More information

Raymond James Financial Services September 06, 2011

Raymond James Financial Services September 06, 2011 Raymond James Financial Services Bob Alft Wealth Advisor 220 E. Nine Mile Road Pensacola, FL 32534 850-479-7190 bob.alft@raymondjames.com www.raymondjames.com/bobalft Understanding IRAs Understanding IRAs

More information

EXPLORING YOUR IRA OPTIONS. Whichever you choose traditional or Roth investing in an IRA is a good step toward saving for retirement.

EXPLORING YOUR IRA OPTIONS. Whichever you choose traditional or Roth investing in an IRA is a good step toward saving for retirement. EXPLORING YOUR IRA OPTIONS Whichever you choose traditional or Roth investing in an IRA is a good step toward saving for retirement. 2 EXPLORING YOUR IRA OPTIONS Planning for retirement can be a challenging

More information

Retirement Products Changes to Annual Account Maintenance Fee

Retirement Products Changes to Annual Account Maintenance Fee Retirement Products Changes to Annual Account Maintenance Fee Effective December 11, 2015, the annual account maintenance fee (Fee) for OppenheimerFundssponsored retirement products will change and will

More information

UND U E ND R E S R T S A T ND A I ND NG N TR T ADI AD TI T ONAL O AN A D R N O D R T O H I T R H I AS A INVESTO T R GUIDE RETIREMENT

UND U E ND R E S R T S A T ND A I ND NG N TR T ADI AD TI T ONAL O AN A D R N O D R T O H I T R H I AS A INVESTO T R GUIDE RETIREMENT UNDERSTANDING TRADITIONAL AND ROTH IRAS INVESTOR GUIDE RETIREMENT Not FDIC Insured May Lose Value Not Bank Guaranteed Get Ready for Retirement... Your Way Forget rocking chairs and lingering sunsets. Your

More information

IRAs Traditional Individual Retirement Accounts. 2008 and 2009. Questions & Answers

IRAs Traditional Individual Retirement Accounts. 2008 and 2009. Questions & Answers IRAs Traditional Individual Retirement Accounts 2008 and 2009 Questions & Answers What is the purpose of this brochure? It summarizes the primary laws which govern traditional IRAs for 2008 and 2009. What

More information

BMO Funds State Street Bank and Trust Company Universal Individual Retirement Account Disclosure Statement. Part One: Description of Traditional IRAs

BMO Funds State Street Bank and Trust Company Universal Individual Retirement Account Disclosure Statement. Part One: Description of Traditional IRAs BMO Funds State Street Bank and Trust Company Universal Individual Retirement Account Disclosure Statement Part One: Description of Traditional IRAs Part One of the Disclosure Statement describes the rules

More information

State Street Bank and Trust Company Universal Individual Retirement Account Information Kit

State Street Bank and Trust Company Universal Individual Retirement Account Information Kit State Street Bank and Trust Company Universal Individual Retirement Account Information Kit The Federated Funds State Street Bank and Trust Company Universal Individual Retirement Custodial Account Instructions

More information

2008-2012 $5,000 2013-2015 $5,500 Future years Increased by cost-of-living adjustments (in $500 increments)

2008-2012 $5,000 2013-2015 $5,500 Future years Increased by cost-of-living adjustments (in $500 increments) Part One of the Disclosure Statement describes the rules applicable to Traditional IRAs. IRAs described in these pages are called Traditional IRAs to distinguish them from the Roth IRAs, which are described

More information

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account

Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account Strength of Many. Convenience of One. Voya Select Advantage IRA Mutual Fund Custodial Account Life brings change. C hange often comes from life events such as switching jobs or retiring. What impact will

More information

Individual Retirement Plans Investor guide to traditional and Roth IRAs. Individual Retirement Plans: Investor Guide

Individual Retirement Plans Investor guide to traditional and Roth IRAs. Individual Retirement Plans: Investor Guide Individual Retirement Plans Investor guide to traditional and Roth IRAs a Individual Retirement Plans: Investor Guide Individual Retirement Plans An individual retirement plan may be a beneficial addition

More information

chart retirement plans 8 Retirement plans available to self-employed individuals include:

chart retirement plans 8 Retirement plans available to self-employed individuals include: retirement plans Contributing to retirement plans can provide you with financial security as well as reducing and/or deferring your taxes. However, there are complex rules that govern the type of plans

More information

IRAs. Investing in Your Future. Retirement Plans

IRAs. Investing in Your Future. Retirement Plans IRAs Investing in Your Future Retirement Plans About Stifel Nicolaus Stifel Nicolaus is a full-service Investment firm with a distinguished history of providing securities brokerage, investment banking,

More information

IRAs & Roth IRAs. IRA Opportunities. Contribution Limits For 2014 and 2015. Questions & Answers

IRAs & Roth IRAs. IRA Opportunities. Contribution Limits For 2014 and 2015. Questions & Answers IRAs & Roth IRAs IRA Opportunities Contribution Limits For 2014 and 2015 Questions & Answers What is the purpose of this brochure? It explains the basic tax rules for traditional IRAs and Roth IRAs. TRADITIONAL

More information

An IRA can put you in control of your retirement, whether you

An IRA can put you in control of your retirement, whether you IRAs: Powering Your Retirement One of the most effective ways to build and manage funds to help you meet your financial goals is through an Individual Retirement Account (IRA). An IRA can put you in control

More information

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts Traditional and s Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the financial

More information

You ve worked hard for your savings. Now keep your savings working hard for you.

You ve worked hard for your savings. Now keep your savings working hard for you. You ve worked hard for your savings. Now keep your savings working hard for you. Retire with confidence A guide to your distribution options. You are now faced with an important financial decision When

More information

Retirement. A Guide to Roth IRAs

Retirement. A Guide to Roth IRAs Retirement A Guide to Roth IRAs A Roth IRA is an individual retirement account named for the late Senate Finance Committee Chairman, William Roth, Jr. who championed the creation of this new type of IRA.

More information

Preparing for Your Retirement: An IRA Review

Preparing for Your Retirement: An IRA Review Preparing for Your Retirement: An IRA Review How much of your earning power will be available for your use when you retire? What will happen to your standard of living when your income ceases at retirement?

More information

Understanding Individual Retirement Accounts

Understanding Individual Retirement Accounts Understanding Individual Retirement Accounts What is an IRA? Established by the Federal Government, an IRA is an Individual Retirement Account. It is a method to encourage retirement savings. Timeline

More information

TRADITIONAL IRA AND ROTH IRA. Plan Today for a Secure Tomorrow

TRADITIONAL IRA AND ROTH IRA. Plan Today for a Secure Tomorrow TRADITIONAL IRA AND ROTH IRA Plan Today for a Secure Tomorrow INVESTMENT-LED. INVESTOR-FOCUSED. As an investment-led firm, we evaluate every decision from an investment perspective in an effort to achieve

More information

Traditional and Roth IRAs

Traditional and Roth IRAs Traditional and Roth IRAs Information Kit, Disclosure Statement and Custodial Agreement NOT FDIC INSURED \ NO BANK GUARANTEE \ MAY LOSE VALUE FRM-IRADISC(1/11) State Street Bank and Trust Company Universal

More information

KENTUCKY PUBLIC EMPLOYEES DEFERRED COMPENSATION AUTHORITY

KENTUCKY PUBLIC EMPLOYEES DEFERRED COMPENSATION AUTHORITY KENTUCKY PUBLIC EMPLOYEES DEFERRED COMPENSATION AUTHORITY Deemed IRA Account Withdrawal Form Instructions/Definitions (attachment to Deemed IRA Account Withdrawal Form) Rules and Conditions. For proper

More information

Understanding IRAs. Thad Johnson, AIF, MBA 222 2nd Ave SE Hutchinson, MN 55350 320-587-3444 thad.johnson@flagship-advisors.com

Understanding IRAs. Thad Johnson, AIF, MBA 222 2nd Ave SE Hutchinson, MN 55350 320-587-3444 thad.johnson@flagship-advisors.com Thad Johnson, AIF, MBA 222 2nd Ave SE Hutchinson, MN 55350 320-587-3444 thad.johnson@flagship-advisors.com Understanding IRAs Page 1 of 5, see disclaimer on final page Understanding IRAs An individual

More information

Retirement Plan Contribution Limits and Withdrawal Requirements

Retirement Plan Contribution Limits and Withdrawal Requirements Manning & Napier Advisors, LLC Retirement Plan Contribution Limits and Withdrawal Requirements April 2011 Approved CAG-CM PUB030-R (10/11) Introduction The following report provides general information

More information

Retirement 4: Individual Retirement and Small Business Plans

Retirement 4: Individual Retirement and Small Business Plans Personal Finance: Another Perspective Classroom Slides: Retirement 4: Individual Retirement and Small Business Plans Updated 2014/03/13 Objectives A. Understand Individual Retirement Accounts (IRAs) B.

More information

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts

Traditional and Roth IRAs. Invest for retirement with tax-advantaged accounts Traditional and Roth IRAs Invest for retirement with tax-advantaged accounts Your Retirement It is your ultimate reward for a lifetime of hard work and dedication. It is a time when you should have the

More information

JPMorgan INVEST. You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. IRA Decision Guide

JPMorgan INVEST. You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. IRA Decision Guide IRA Decision Guide JPMorgan INVEST You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. JPMorgan Invest One Beacon Street, Boston, MA 0208 (800) 776-606 jpmorganinvest.com

More information

16. Individual Retirement Accounts

16. Individual Retirement Accounts 16. Individual Retirement Accounts Introduction Through enactment of the Employee Retirement Income Security Act of 1974 (ERISA), Congress established individual retirement accounts (IRAs) to provide workers

More information

CITI FUND SERVICES, INC. CUSTODIAL ACCOUNT DISCLOSURE STATEMENT. MERK FUNDS Custodial Account Disclosure Statement. Part One: Traditional IRAs

CITI FUND SERVICES, INC. CUSTODIAL ACCOUNT DISCLOSURE STATEMENT. MERK FUNDS Custodial Account Disclosure Statement. Part One: Traditional IRAs MERK FUNDS Custodial Account Disclosure Statement This Custodial Account Disclosure Statement ( Disclosure Statement ) applies to Traditional Individual Retirement Accounts ( IRAs ), Roth IRAs and Coverdell

More information

Table of contents. 2 Federal income tax rates. 12 Required minimum distributions. 4 Child credits. 13 Roths. 5 Taxes: estates, gifts, Social Security

Table of contents. 2 Federal income tax rates. 12 Required minimum distributions. 4 Child credits. 13 Roths. 5 Taxes: estates, gifts, Social Security 2015 Tax Guide Table of contents 2 Federal income tax rates 4 Child credits 5 Taxes: estates, gifts, Social Security 6 Rules on retirement plans 8 Saver s credit 12 Required minimum distributions 13 Roths

More information

Leaving your employer? Options for your retirement plan

Leaving your employer? Options for your retirement plan Leaving your employer? Options for your retirement plan Contents Evaluating your options 1 The benefits of tax-deferred investing 4 Flexibility offered by an IRA rollover 6 How to get started 9 Evaluating

More information

Know your IRA options

Know your IRA options The right choice for the long term Know your IRA options Traditional IRA or Roth IRA? It s your choice. There s an IRA for everyone. This brochure will help you determine which one may be right for you.

More information

Traditional IRA and Roth IRA

Traditional IRA and Roth IRA Traditional IRA and Roth IRA Plan Today for a Secure Tomorrow lord abbett retirement services Bring an Unwavering Commitment to Your Retirement Plan Founded in 1929, Lord Abbett is an independent, privately

More information

WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU?

WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU? WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU? In 1974, when IRAs were first created, they were rather simple and straightforward. Now, 35 years later, it s challenging to know the best way to save more

More information

VANTAGEPOINT IRA FLEXIBLE, TAX-ADVANTAGED SAVING

VANTAGEPOINT IRA FLEXIBLE, TAX-ADVANTAGED SAVING VANTAGEPOINT IRA FLEXIBLE, TAX-ADVANTAGED SAVING Maximize Your Retirement Savings with an IRA An IRA can help you meet a variety of savings goals and can complement your employer s retirement plan through

More information

Traditional and Roth IRAs

Traditional and Roth IRAs october 2012 Understanding Traditional and Roth IRAs summary An Individual Retirement Account (IRA) is a powerful savings vehicle that can help you meet your financial goals. As shown in the chart on page

More information

The Vanguard Traditional IRA, SEP IRA, and Roth IRA. Disclosure Statement and Custodial Account Agreement

The Vanguard Traditional IRA, SEP IRA, and Roth IRA. Disclosure Statement and Custodial Account Agreement The Vanguard Traditional IRA, SEP IRA, and Roth IRA Disclosure Statement and Custodial Account Agreement Contents Vanguard Traditional and Roth IRA Disclosure Statement Section I Revocation.......................................................................................................

More information

Traditional or Roth IRA? Making the Right Choice for You!

Traditional or Roth IRA? Making the Right Choice for You! Traditional or Roth IRA? Making the Right Choice for You! A Guide to Individual Retirement Accounts We ve selected some commonly asked questions from over 200 submitted after the IRA Basics webinar. Although

More information

Making the Most of IRA Opportunities

Making the Most of IRA Opportunities Making the Most of IRA Opportunities Why Is Saving for Retirement So Important? Increasing life expectancies mean more time spent in retirement. Aging population puts added strain on Social Security and

More information

Traditional IRAs. Helping Plan for a Lifetime of Financial Security

Traditional IRAs. Helping Plan for a Lifetime of Financial Security Traditional IRAs Helping Plan for a Lifetime of Financial Security 6 7 Life s Goals The IRA Advantage IRAs, or Individual Retirement Accounts, have long been the investment vehicle of choice for families

More information

Roth IRAs The Roth IRA. 2011 and 2012. Questions & Answers

Roth IRAs The Roth IRA. 2011 and 2012. Questions & Answers Roth IRAs The Roth IRA 2011 and 2012 Questions & Answers What is a Roth Individual Retirement Account (Roth IRA)? A Roth IRA is a type of tax-preferred savings and investment account authorized by Internal

More information

The Roth IRA: Your Questions, Our Answers. ABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 800.123.4567

The Roth IRA: Your Questions, Our Answers. ABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 800.123.4567 The Roth IRA: Your Questions, Our Answers Your promotional imprint here and/or back cover. ABC Company 123 Main Street Anywhere, USA 12345 www.sampleabccompany.com 800.123.4567 Am I saving enough for retirement?

More information

THE TAX ACT OF 2001. More Savings More Choices

THE TAX ACT OF 2001. More Savings More Choices A10695 (10/01) THE TAX ACT OF 2001 More Savings More Choices Understanding the Economic Growth and Tax Relief Reconciliation Act of 2001 Summary of Rules Applying to Distributions from Tax-Favored Products

More information

TRADITIONAL IRA DISCLOSURE STATEMENT

TRADITIONAL IRA DISCLOSURE STATEMENT TRADITIONAL IRA DISCLOSURE STATEMENT TABLE OF CONTENTS REVOCATION OF ACCOUNT... 1 STATUTORY REQUIREMENTS... 1 (1) Qualification Requirements... 1 (2) Required Distribution Rules... 1 (3) Approved Form....

More information

Roth IRAs The Roth IRA

Roth IRAs The Roth IRA Roth IRAs The Roth IRA 2010 and 2011 Questions & Answers What is a Roth Individual Retirement Account (Roth IRA)? A Roth IRA is a type of tax-preferred savings and investment account authorized by Internal

More information

Universal Simplified Employee Pension Plan Employee Information Booklet

Universal Simplified Employee Pension Plan Employee Information Booklet Universal Simplified Employee Pension Plan Employee Information Booklet Questions and Answers 1. Q. What is a Simplified Employee Pension (SEP) plan? A. A SEP plan is a retirement income arrangement under

More information

Your Supplemental Retirement Plan Decision Guide

Your Supplemental Retirement Plan Decision Guide Your Plan Decision Guide > Appalachian State University East Carolina University Elizabeth City State University Fayetteville State University North Carolina A&T State University North Carolina Central

More information

Questions and Answers about the Roth 401(k)

Questions and Answers about the Roth 401(k) THE RETIREMENT GROUP AT MERRILL LYNCH Q A Questions and Answers about the Roth 401(k) How the Roth 401(k) Works Q. What is the Roth 401(k) contribution option? A. The Roth 401(k) contribution option allows

More information

BUFFALO FUNDS. Traditional IRA. Disclosure Statement and Trust Agreement for Traditional, Rollover and SEP IRAs

BUFFALO FUNDS. Traditional IRA. Disclosure Statement and Trust Agreement for Traditional, Rollover and SEP IRAs BUFFALO FUNDS Traditional IRA Disclosure Statement and Trust Agreement for Traditional, Rollover and SEP IRAs Table of Contents TRADITIONAL IRA DISCLOSURE STATEMENT The Seven-Day Revocation Period................................................................................

More information

Empower Retirement TM IRA

Empower Retirement TM IRA Empower Retirement TM IRA Whether you ve been a participant in an employer-sponsored group retirement plan, are new to retirement saving, or are just exploring other retirement savings options, the Empower

More information

Your 403(b). Made better.

Your 403(b). Made better. Your 403(b). Made better. A unique opportunity for tax-free retirement income. Your future. Made easier. The Roth 403(b) contribution option. I m ready to Roth. I m still more of a traditional type. Is

More information

29. Retirement Planning 4: Individual and Small-Business Plans

29. Retirement Planning 4: Individual and Small-Business Plans 29. Retirement Planning 4: Individual and Small-Business Plans Introduction Whether you work for a large or a small company or are self-employed, you need to plan for retirement. This chapter will discuss

More information

MAXIMUM DOLLAR CONTRIBUTION LIMITS AND ELIGIBILITY THRESHOLDS

MAXIMUM DOLLAR CONTRIBUTION LIMITS AND ELIGIBILITY THRESHOLDS MAXIMUM DOLLAR CONTRIBUTION LIMITS AND ELIGIBILITY THRESHOLDS The following charts provide information on the maximum annual dollar contribution limits; the phase-out limits for Traditional IRA contribution

More information

PERSONAL FINANCE. individual retirement accounts (IRAs)

PERSONAL FINANCE. individual retirement accounts (IRAs) PERSONAL FINANCE individual retirement accounts (IRAs) 1 our mission To lead and inspire actions that improve financial readiness for the military and local community. table of contents The Basics Of IRAs...

More information

Retirement Plans Guide Facts at a glance

Retirement Plans Guide Facts at a glance Retirement Plans Guide Facts at a glance Contents 1 What s Your Plan? 2 Small Business/Employer Retirement Plans 4 IRAs 5 Retirement Plan Distributions 7 Rollovers and Transfers 8 Federal Tax Rates and

More information

Regarding Individual Retirement Annuity (IRA) Plans Described in Section 408(b) of the Internal Revenue Code

Regarding Individual Retirement Annuity (IRA) Plans Described in Section 408(b) of the Internal Revenue Code IRA DISCLOSURE STATEMENT Regarding Individual Retirement Annuity (IRA) Plans Described in Section 408(b) of the Internal Revenue Code This Disclosure Statement ( Disclosure ) presents a general overview

More information

RETIRING IN THE 21ST CENTURY

RETIRING IN THE 21ST CENTURY RETIRING IN THE 21ST CENTURY A CRITICAL NEED FOR PLANNING AND SAVING Today s and tomorrow s retirees are unlike any who came before: They re living longer, can t rely on pensions and understand they ll

More information

Roth IRAs The Roth IRA

Roth IRAs The Roth IRA Roth IRAs The Roth IRA 2014 and 2015 Questions & Answers What is a Roth Individual Retirement Account (Roth IRA)? A Roth IRA is a type of tax-preferred savings and investment account authorized by Internal

More information

How much can I deduct if I am an active participant in a qualified plan?... 2

How much can I deduct if I am an active participant in a qualified plan?... 2 Table of Contents What is an Individual Retirement Account (IRA)?...................................... 1 Who may establish a Traditional IRA?............................................... 1 How much

More information

ROTH IRA DISCLOSURE STATEMENT

ROTH IRA DISCLOSURE STATEMENT Regarding Roth Individual Retirement Annuity (IRA) Plans Described in Section 408A of the Internal Revenue Code This Disclosure Statement presents a general review of federal laws applicable to your Roth

More information

TAX AND RETIREMENT SAVINGS TIPS FROM THE MASSACHUSETTS BANKERS ASSOCIATION

TAX AND RETIREMENT SAVINGS TIPS FROM THE MASSACHUSETTS BANKERS ASSOCIATION FOR IMMEDIATE RELEASE Contact: Bruce Spitzer 617-523-7595 TAX AND RETIREMENT SAVINGS TIPS FROM THE MASSACHUSETTS BANKERS ASSOCIATION BOSTON, March 16, 2015 The federal and state tax deadline is nearly

More information

Individual. Retirement. Accounts. Making Your Retirement Dreams Possible.

Individual. Retirement. Accounts. Making Your Retirement Dreams Possible. Individual Retirement Accounts Making Your Retirement Dreams Possible. 1 Get to your dreams faster. Dream #1 Take leisurely, afternoon naps. 2 Pension Fund: A Name You Can Trust Pension Fund serves its

More information

Roth 403(b): Is it right for you?

Roth 403(b): Is it right for you? Roth 403(b): Is it right for you? We recommend that you consult a tax or financial advisor about your individual situation. This material may be used in conjunction with the offering of shares of any Vanguard

More information

Know your IRA options

Know your IRA options The right choice for the long term Know your IRA options Traditional IRA or Roth IRA? It s your choice. There s an IRA for everyone. This brochure will help you determine which one may be right for you.

More information

Prepared for the FINRA Foundation by Lightbulb Press, Inc. December 2007 (Updated as of January 2010) Page 1

Prepared for the FINRA Foundation by Lightbulb Press, Inc. December 2007 (Updated as of January 2010) Page 1 Page 1 Table of Contents Table of Contents... 2 Retirement Savings Vehicles... 3 1. Introduction... 3 2. Individual Plans... 5 IRAs... 5 Taking Money Out... 9 Required Withdrawals... 10 IRA Rollovers...

More information

2014-2015 Entrust Account Guide

2014-2015 Entrust Account Guide 2014-2015 Entrust Account Guide Helping You Direct Your Future Account Guide Individual Retirement Accounts Traditional and Roth IRAs Go To Section Small Business Retirement Accounts SEP and SIMPLE IRAs

More information

Individual Retirement Accounts. Traditional and Roth IRAs. Direct Your Future. www.theentrustgroup.com

Individual Retirement Accounts. Traditional and Roth IRAs. Direct Your Future. www.theentrustgroup.com Individual Retirement Accounts Traditional and Roth IRAs Traditional IRA What is a Traditional IRA? A Traditional IRA is an Individual Retirement Arrangement, or more commonly known as an Individual Retirement

More information

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency Understanding iras A Summary of Individual Retirement Accounts No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 1/15 23038-15A Contents

More information

WHO CAN CONTRIBUTE TO A ROTH IRA?

WHO CAN CONTRIBUTE TO A ROTH IRA? { } ROTH IRAs 1 WHO CAN CONTRIBUTE TO A ROTH IRA? Any taxpayer who has compensation, regardless of age, can contribute to a ROTH IRA. Compensation is defined as wages, salaries, bonuses, commissions, tips,

More information

THE POWER OF AN IRA.

THE POWER OF AN IRA. THE POWER OF AN IRA. Put the Power of an IRA to Work For You Whether retirement seems like a lifetime away or is just around the corner, getting started on your retirement savings plan is one of the smartest

More information

Part VII Individual Retirement Accounts

Part VII Individual Retirement Accounts Part VII are a retirement planning tool that virtually everyone should consider. The new IRA options also have made selecting an IRA a bit more complicated. IRA Basics The Traditional IRA is an Individual

More information

Individual Retirement Arrangements (IRAs)

Individual Retirement Arrangements (IRAs) Department of the Treasury Internal Revenue Service Publication 590 Cat. No. 15160x Individual Retirement Arrangements (IRAs) (Including Roth IRAs and Education IRAs) For use in preparing 1999 Returns

More information

Supplement to American Century Brokerage IRA Custodial Agreements

Supplement to American Century Brokerage IRA Custodial Agreements Supplement to American Century Brokerage IRA Custodial Agreements Effective December 31, 2014, the update below will be made to the American Century Brokerage Custodial agreements for the following retirement

More information

Mailing Address: P.O. Box 9394 Des Moines, IA 50306-9394 FAX (866) 704-3481. Principal Life Insurance Company

Mailing Address: P.O. Box 9394 Des Moines, IA 50306-9394 FAX (866) 704-3481. Principal Life Insurance Company Mailing Address: P.O. Box 9394 Des Moines, IA 50306-9394 FAX (866) 704-3481 Principal Life Insurance Company Complete this form to withdraw part of your retirement funds while still employed. Participant

More information

Table of Contents. Page 1

Table of Contents. Page 1 Table of Contents Frequently Asked Questions... 2 Individual Retirement Arrangements (IRAs)... 2 IRA Basics... 2 Why should I name beneficiaries for my IRA?... 2 Traditional IRAs... 9 Roth IRAs... 13 SEP

More information

Tables: Retirement Savings Plans

Tables: Retirement Savings Plans Tables: Retirement Savings Plans Table #1: Individual Plans Individual retirement savings plans have tax benefits that make them attractive ways to save for retirement on your own, either in addition to

More information

Roth IRAs The Roth IRA

Roth IRAs The Roth IRA Roth IRAs The Roth IRA 2015 and 2016 Questions & Answers What is a Roth Individual Retirement Account (Roth IRA)? A Roth IRA is a type of tax-preferred savings and investment account authorized by Internal

More information

DISCLOSURE STATEMENT

DISCLOSURE STATEMENT DISCLOSURE STATEMENT for Individual Retirement Annuities Home Office: Wilmington, Delaware Administrative Office: P.O. Box 19032 Greenville, SC 29602-9032 Telephone 866-262-1161 The following information

More information

STATE STREET BANK AND TRUST COMPANY UNIVERSAL INDIVIDUAL RETIREMENT ACCOUNT INFORMATION KIT (EFFECTIVE JANUARY 1, 2015)

STATE STREET BANK AND TRUST COMPANY UNIVERSAL INDIVIDUAL RETIREMENT ACCOUNT INFORMATION KIT (EFFECTIVE JANUARY 1, 2015) STATE STREET BANK AND TRUST COMPANY UNIVERSAL INDIVIDUAL RETIREMENT ACCOUNT INFORMATION KIT FOR INVESTMENT IN SEQUOIA FUND, INC. (EFFECTIVE JANUARY 1, 2015) 1 SEQUOIA FUND, INC. State Street Bank and Trust

More information