INDIVIDUAL RETIREMENT ACCOUNTS (IRA)

TRADITIONAL IRA

DESCRIPTION

An individual retirement account in which contributions are tax deductible.  For annual maximum contribution limits, please refer to the website's section on  IRA Contributions.  

CASH ACCOUNT

All securities in a cash account must be paid in full. 

REQUIRED DOCUMENTS

New Account Form
IRA Simplifier Form
IRA Deposit Slip
Copy of driver's license or passport

OPTIONAL FORMS

Account Transfer Form
Options Agreement

CHECK LIST

A check payable to Penson Financial Services, Inc. ($500 account minimum plus $25 setup fee)
Please make sure that all beneficiary information on your IRA Simplifier Form is complete

NOTES & RESTRICTIONS

Account holder(s) must be at least 18 years of age
Domestic U.S. Cash Account Only