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do you know what "iRA adoption agreement and plan document" is?

glossary FAQ: glossary.
H. Durham from United States
12 September, 2009

the "iRA adoption agreement and plan document " is A contract between an IRA holder and the financial institution that explains the provisions of the holder's IRA plan. Things you can find in an adoption agreement and plan document include items such as allowable investments, contribution limits, rules for deducting an IRA contribution, distribution rules and the rights of the IRA owner. An IRA is not considered "established" until the IRA holder signs the agreement. Visit FX club

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