Retirement / IRA / Education Savings Applications
Account Opening Instructions:
1. Select type of account: Choose from Traditional, Rollover, Roth, Inherited IRA, or Education Savings Account. (Consider consulting a qualified tax resouce or tax advisor to determine whether this IRA will accomplish your goals.)
2a. Complete/Print Mandatory Forms.
2b. Submit Optional Forms only if they pertain to your individual situation. Other documents "For Reference Only", may be read if desired.
3. Any checks should be made payable to: Axos Clearing LLC.
4. Mail completed forms to:
YORK SECURITIES
160 BROADWAY
EAST BLDG FL 9
NEW YORK, NY 10038
Account Choices:
TRADITIONAL or ROLLOVER INDIVIDUAL RETIREMENT ACCOUNT (IRA) PLAN ESTABLISHMENT:
Mandatory Forms:
• IRA Adoption Agreement
• New Account Application
Optional Forms:
• Options Agreement (Write covered call options.)
• Account Transfer Form (Transfer IRA assets from another financial institution.)
• Trusted Contact Person (TCP)
The TCP is an alternate contact/resource to be designated primarily by senior customers
age 65+ (or in limited circumstances, a specified adult age 18+ deemed unable to protect his/her own
interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
For Reference Only:
• IRA Custodial Agreement and Financial Disclosure
• In general, as of 2018, you can establish and make contributions to an IRA if you received taxable compensation during the year and have not yet reached the age of 70 1/2 by the end of the year. Generally, contributions may be made up to the lesser of 100% of compensation or $5,500 ($6,500 for individuals over the age of 50) in 2018.
• In general, as of 2019, you can establish and make contributions to an IRA if you received taxable compensation during the year and have not yet reached the age of 70 1/2 by the end of the year. Generally, contributions may be made up to the lesser of 100% of compensation or $6,000 ($7,000 for individuals over the age of 50) in 2019.
• If you maintain multiple IRA accounts, the maximum contribution to all of the accounts can not exceed these totals. An IRA for any year may be opened and funded at anytime before the due date for filing your tax return, not including any extensions.
• IRS publication 590-A (Eligibility rules and contribution limits.)
Mandatory Forms:
• IRA Adoption Agreement
• New Account Application
Optional Forms:
• Options Agreement (Write covered call options.)
• Account Transfer Form (Transfer IRA assets from another financial institution.)
• Trusted Contact Person (TCP)
The TCP is an alternate contact/resource to be designated primarily by senior customers
age 65+ (or in limited circumstances, a specified adult age 18+ deemed unable to protect his/her own
interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
For Reference Only:
• IRA Custodial Agreement and Financial Disclosure
• In general, as of 2018, you can establish and make contributions to an IRA if you received taxable compensation during the year and have not yet reached the age of 70 1/2 by the end of the year. Generally, contributions may be made up to the lesser of 100% of compensation or $5,500 ($6,500 for individuals over the age of 50) in 2018.
• In general, as of 2019, you can establish and make contributions to an IRA if you received taxable compensation during the year and have not yet reached the age of 70 1/2 by the end of the year. Generally, contributions may be made up to the lesser of 100% of compensation or $6,000 ($7,000 for individuals over the age of 50) in 2019.
• If you maintain multiple IRA accounts, the maximum contribution to all of the accounts can not exceed these totals. An IRA for any year may be opened and funded at anytime before the due date for filing your tax return, not including any extensions.
• IRS publication 590-A (Eligibility rules and contribution limits.)
top of pageROTH INDIVIDUAL RETIREMENT ACCOUNT (IRA) PLAN ESTABLISHMENT:
Mandatory forms:
• ROTH IRA Adoption Agreement
• New Account Application
Optional forms:
• Options Agreement (Write covered call options.)
• Trusted Contact Person (TCP)
The TCP is an alternate contact/resource to be designated primarily by senior customers age 65+ (or in limited
circumstances, a specified adult age 18+ deemed unable to protect his/her own interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
• Account Transfer Form (Transfer IRA assets from another financial institution.)
For Reference Only:
• Roth IRA Custodial Agreement and Financial Disclosure {3.41MB}
• IRS publication 590-A (Eligibility rules and contribution limits.)
INHERITED (BENEFICIARY) INDIVIDUAL RETIREMENT ACCOUNT (IRA) PLAN ESTABLISHMENT:
Mandatory Forms:
• Inherited IRA Adoption Agreement (Not required for a spousal beneficiary with an existing similar IRA account type at York Securities)
• IRA Beneficiary Required Election
• New Account Application (Not required for a spousal beneficiary with an existing similar IRA account type at York Securities)
• Death Certificate (photocopy of)
• Letter of Authorization- Internal Transfer
Optional Forms:
• Options Agreement (Write covered call options.)
• Trusted Contact Person (TCP) The TCP is an alternate contact/resource to be designated primarily by senior
customers age 65+ (or in limited circumstances, a specified adult age 18+ deemed unable to protect his/her
own interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
• Account Transfer Form (Transfer IRA assets from another financial institution.)
For Reference Only:
• Inherited IRA Custodial Agreement and Financial Disclosure
• IRS publication 590-A (Eligibility rules and contribution limits.)
Mandatory Forms:
• Inherited IRA Adoption Agreement (Not required for a spousal beneficiary with an existing similar IRA account type at York Securities)
• IRA Beneficiary Required Election
• New Account Application (Not required for a spousal beneficiary with an existing similar IRA account type at York Securities)
• Death Certificate (photocopy of)
• Letter of Authorization- Internal Transfer
Optional Forms:
• Options Agreement (Write covered call options.)
• Trusted Contact Person (TCP)
The TCP is an alternate contact/resource to be designated primarily by senior
customers age 65+ (or in limited circumstances, a specified adult age 18+ deemed unable to protect his/her
own interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
• Account Transfer Form (Transfer IRA assets from another financial institution.)
For Reference Only:
• Inherited IRA Custodial Agreement and Financial Disclosure
• IRS publication 590-A (Eligibility rules and contribution limits.)
INHERITED ROTH INDIVIDUAL RETIREMENT ACCOUNT (IRA) PLAN ESTABLISHMENT:
Mandatory forms:
• Inherited ROTH IRA Adoption Agreement
• IRA Beneficiary Required Election
• New Account Application
• Death Certificate (photocopy of)
• Letter of Authorization- Internal Transfer
Optional forms:
• Options Agreement (Write covered call options.)
• Trusted Contact Person (TCP)
The TCP is an alternate contact/resource to be designated primarily by senior customers
age 65+ (or in limited circumstances, a specified adult age 18+ deemed unable to protect his/her own
interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
• Account Transfer Form (Transfer IRA assets from another financial institution.)
For Reference Only:
• Inherited Roth IRA Custodial Agreement and Financial Disclosure {3.41MB}
• IRS publication 590-A (Eligibility rules and contribution limits.)
EDUCATION SAVINGS ACCOUNT PLAN ESTABLISHMENT:
Mandatory Forms:
• Education Savings Account Application
• New Account Application
Optional Forms:
• Options Agreement (Write covered call options.)
• Trusted Contact Person (TCP) The TCP is an alternate contact/resource to be designated primarily by senior
customers age 65+ (or in limited circumstances, a specified adult age 18+ deemed unable to protect
his/her own interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
• Account Transfer Form (Transfer IRA assets from another financial institution.)
For Reference only:
• Education Savings Account Custodial Agreement and Financial Disclosure
• IRS publication 970 (Income Limits, Education Expenses,Contributions, Distributions, etc.)
Mandatory Forms:
• Education Savings Account Application
• New Account Application
Optional Forms:
• Options Agreement (Write covered call options.)
• Trusted Contact Person (TCP)
The TCP is an alternate contact/resource to be designated primarily by senior
customers age 65+ (or in limited circumstances, a specified adult age 18+ deemed unable to protect
his/her own interests).
When the firm cannot reach the account owner after multiple attempts, or when it is believed there is diminished mental/physical capacity or a financial exploitation is occurring, the TCP may be contacted, who may then retrieve or relay personal important information on behalf of the customer.
• Account Transfer Form (Transfer IRA assets from another financial institution.)
For Reference only:
• Education Savings Account Custodial Agreement and Financial Disclosure
• IRS publication 970 (Income Limits, Education Expenses,Contributions, Distributions, etc.)
Above forms published with Adobe Acrobat (PDF), which allows the user to complete the form on the screen before printing. If necessary, download Adobe Acrobat Reader free from Adobe Systems.