Sentences with phrase «account owner»
The phrase "account owner" refers to the person who has ownership and control over a certain account, such as a bank account or an online account. They are the ones who created the account and are responsible for managing it, including making transactions or changing settings. Full definition
These investment options seek to provide investment portfolios for account owners who prefer to select an investment portfolio for its specific asset allocation.
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An unmarried account owner who lives to age 115 or older would need to take out about 53 % of the remaining balance each year.
As account owner, you retain control over withdrawals for the life of the account — even when your child reaches legal age.
While parents still have to sign as joint account owners for students under 18, this type of account is tailored specifically to the needs of high school and college students.
If so, you might be interested in a small, but growing, trend among individual retirement account owners — investing their retirement funds in real estate.
The investment plan allows account owners to choose to invest their plan, either directly or with the help of a broker.
The third option is to withdraw the funds at any time within five years of the original account owner's date of death.
Once the primary account owner turns 25, the account will automatically convert to a Blue Checking Account and all applicable account terms and fees will apply.
The plan's annual contribution limit is currently $ 15,000 per account owner from all sources.
In fact, only account owners are generally eligible for state tax deductions.
All investments are selected and made solely by self - directed account owners.
With investment 529 accounts, parents (or other account owners) pick out investments.
Many account owners use this as a tool to teach their children the value of education and saving versus borrowing.
Some states enable account owners to qualify for a deduction on their state tax returns or receive a small match on the money invested.
Joint accounts can be opened with two or more account owners.
With every new year comes increased amounts that health savings account owners may contribute to their plan.
Across all survey respondents, 60 percent of checking account owners said their debit card is an essential service.
In contrast, self - directed retirement plans offer account owners the freedom to invest in what they know.
Never have more trading - account owners owed so much money, and never have they had such a low level of available funds from which further to draw.
The study didn't not attempt to take into account owner - behavior either.
Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.
All homeowners, and bank account owners should have emergency funds put aside for a rainy day.
Others send brokerage account owners through a maze of recorded messages before reaching a person.
All students under the age of 18 must have a parent or guardian as a multiple - party account owner.
Only the current account owner may access account information, and there can only be one owner per account.
For the consistent account owners, the distribution of the actual changes in the account balances can be measured.
Fee does not apply to primary account owners less than 13 years of age.
Account owners enjoy tax benefits as well as low fees.
You'll essentially be a joint account owner with your child, and have access to the same features, but you won't receive a debit card.
With an indirect rollover, the distribution amount is made payable to the retirement account owner.
This policy applies to account owners who have a tax filing status of single and married filing jointly.
The member plan's annual contribution limit is currently $ 15,000 per account owner from all sources.
In fact, only account owners are generally eligible for state tax deductions.
- The primary account owner is under 18 years old.
All investments are selected and made solely by self - directed account owners.
In that case, the other account owners are responsible for anything that is due on the card.
At least one checking account owner must also be an owner on the personal savings or money market account.
Account owners assume all investment risks as well as responsibility for any federal and state tax consequences.
Waived if account owner signs up for e-delivery service OR have at least $ 10,000 in Vanguard ETFs and mutual funds
In addition, for plans purchased after February 1, 2009, the Survivor will also have certain limited rights of approval for change of Beneficiary, change of Account Owner and cancellation.
They depend on whether the original account owner died before, on, or after reaching the required beginning date for RMDs.
UESP's average total asset - weighted fee paid by account owners is 0.22 percent, or an annual fee of $ 2.20 per $ 1,000 invested, one of the lowest among nationally available 529 plans.
Account owners do not own the underlying investments that constitute any my529 investment option.
UESP's investment in the Vanguard Short - Term Inflation - Protected Securities Index Fund recently met the requirements to join a share class with a lower investment expense ratio effective January 30, 2015, benefitting account owners in UESP's customized investment options who choose the fund as an underlying investment.
For example, if the original account owner purchased an annuity for $ 100,000 and then passed away when the value was worth $ 150,000, the gain of $ 50,000 is taxed as ordinary income to the beneficiary.
The employer is not responsible for making investment decisions; rather, the IRA trustee determines eligible investments and the individual employee account owners make specific investment decisions.