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Download IRA free3/5/2024 ![]() LLC - Offers some of the most popular benefits of partnership and corporate accounts.ORGANIZATIONS (LLC, PARTNERSHIP, CORPORATION) The surviving account owner(s) retain(s) the rights to the entire account upon the death of any other account owner. JOINT WROS ( WITH RIGHTS OF SURVIVORSHIP)Ī custody account with two or more adult owners where each account owner holds equal shares of ownership and has an undivided interest in the assets. Plan Level Reporting, Deposits and Disbursements are Trustee-directed, Investments are Trustee directed or by their appointed Advisor, and Trustee is responsible for all distribution processing and tax reporting.Īn account owned by an individual adult for the purpose of holding assets such as cash or investments. Participant Level Reporting, Deposits and Disbursements are Trustee-directed, Investments are Participant-directed or by their appointed Advisor, and Trustee is responsible for all distribution processing and tax reporting.Ī custody account can be opened by the Plan Trustee in the name of the Plan to hold Plan assets. Profit Sharing Plan - A tax-exempt trust that can be set up by a company or self-employed individual for the purpose of retirement.Īn account can be opened by a Trustee in the name of the Plan FBO Plan Participant to hold Plan assets.An alternative to an IRA, with potential for larger retirement contributions. Solo 401(k) - A qualified plan offering sole proprietors the opportunity to make deductions and contributions towards retirement.INDIVIDUAL SOLO 401(k) or PROFIT SHARING PLANS Topics I am an Individual I am a Professional.Health Care Flexible Spending Accounts (FSAs).Health Reimbursement Arrangements (HRAs).Employer-sponsored Health Saving Account (HSA).Self-directed IRAs and Investment Solutions.Retirement Services Portal (for Business Professionals). ![]() MAP-Custody Services Portal (for Financial Professionals). ![]()
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