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How To Set Up A Roth IRA
A Roth IRA must be set up with an IRS approved institution such as banks, some credit unions, brokerages, and so on. When you set
up a Roth IRA, you will receive the IRA disclosure statement and the IRA adoption agreement and plan document. A Roth IRA can be established at anytime
during the year but contributions for a tax year must be made before the owner’s tax filing deadline. For example, the deadline for setting up a Roth
IRA account for 2006 is April 16, 2007. For more information on setting up a Roth IRA, you should contact your accountant, financial
institution, or broker. |
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