IRA 2024

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Across
  1. 4. $7000 per year/$8000 per year if over 50 for 2024
  2. 5. Tax reportable movement of funds - from Trad or Simple to Roth IRA - typically subject to tax withholding
  3. 6. Beginning at 73, funds have to be taken from Traditional IRA
  4. 7. An organization that can hold IRA for AH approved by IRS (DB is NOT this)
  5. 13. When funds are moved to Roth from Traditional - opposite plan
  6. 15. Moving funds from one IRA to another within Discover
  7. 17. When AH elects to remove entire contribution from new IRA within allotted timeframe - closing
  8. 18. The receiving institution's "signature"
  9. 21. Organization that can hold an IRA for the AH - normally bank or other entity - approved by the IRS
  10. 22. When a contribution exceeds the IRS allowable limits and is later removed, including Net Income Atributable
Down
  1. 1. Funds from a retirement account sent as a check to the AH prior to being sent to Discover Bank
  2. 2. Income earned through investment of an IRA plan - typically based on contribution
  3. 3. What IRA stands for
  4. 8. Needed to change who inherits IRA account
  5. 9. IRA - taxed at time of distribution
  6. 10. When breaking terms of IRA CD
  7. 11. Any movement of funds
  8. 12. To move an IRA from one institution to another
  9. 14. Withdrawal of funds from an IRA Plan
  10. 16. IRA - taxed prior to contribution
  11. 19. Reportable movement to funds between IRAs
  12. 20. Required for a new IRA or any changes