Let’s sit back and reflect…

Let’s sit back and reflect…

With a little game of

Jeopardy

IRA: Focus on the IRA: Focus on the FutureFuture

BasicsBasics TraditionalTraditional RothRoth CoverdellCoverdell FormsForms Hodge-Hodge-PodgePodge

$100 $100 $100 $100 $100 $100

$200 $200 $200 $200 $200 $200

$300 $300 $300 $300 $300 $300

$400 $400 $400 $400 $400 $400

$500 $500 $500 $500 $500 $500

$600 $600 $600 $600 $600 $600

IRA: Focus on the IRA: Focus on the FutureFuture

BasicsBasics TraditionalTraditional RothRoth CoverdellCoverdell FormsForms Hodge-Hodge-PodgePodge

$100 $100 $100 $100 $100 $100

$200 $200 $200 $200 $200 $200

$300 $300 $300 $300 $300 $300

$400 $400 $400 $400 $400 $400

$500 $500 $500 $500 $500 $500

$600 $600 $600 $600 $600 $600

Final Jeopardy

Please make your wagers now

Mr. Brown is 66 ½ working as a “greeter” at Wal-Mart part-time. He makes $7,000/year. How much can Mr. Brown contribute for the current year?

Final Jeopardy Answer

$6,000

Basics $100

What does IRA stand for

Basics $200

The three types of IRAs Safe 1 offers

Basics $300

Give tax information, not tax __________

Basics$400

The minimum amount a member can open an IRA with

Basics $500

Name 2 of the 3 ways IRA accounts benefits the credit union

Basics $600

The term used for the cut-off date for a previous year deposit

Traditional$100

Under normal circumstances, this is the earliest age you can withdraw penalty-free

Traditional$200

Under normal circumstances, at what age is a member required to take distribution

Traditional$300

This reason for penalty-free distribution begins with “D” and ends with a “Y”

Traditional$400

What does RMD stand for

Traditional$500

What year was the Traditional IRA established?

Traditional $600

10% and 1%

Roth$100

The biggest benefit for a member to open a Roth

Roth $200

$5,000 for 2008

Roth$300

Age when the member is required to take distributions

Roth$400

These can be withdrawn tax-free and penalty-free at any time

Roth $500

5 years and first-time home purchase

Roth$600

60 days/once in 12 months

Coverdell$100

ESA stands for

Coverdell $200

Maximum Annual Contribution amount

Coverdell$300

Under normal circumstances, this is the maximum age limit for contributions

Coverdell$400

Withdrawals are tax-free and penalty-free only for this type of expense

Coverdell$500

The term used for the person responsible to over-see the account

Coverdell$600

Under normal circumstances, this is the age that all funds must be disbursed by

Forms$100

Every branch has one of these that contains IRA originals

Forms$200

Our CUID

Forms$300

This document is used to type the information onto the application

Forms$400

The form required in order to open any IRA

Forms$500

This area must be signed if the primary beneficiary is not the spouse

Forms$600

Use this form if a member wants to move his/her IRA from KSFCU to Safe 1

Hodgepodge $100

She is our IRA Specialist

Hodgepodge $400

What was our name before Safe 1 Credit Union?

Hodgepodge $200

Safe 1’s Motto

Hodgepodge $300

Name 2 of the 4 people in the Operations Department

Hodgepodge $500

The number of directors that serve on the Board

Hodgepodge $600

This is Safe 1’s IRA Administrator

Daily Double!!!

A Parting Gift for the Contestants