Whether deductible or nondeductible, contributions grow tax deferred. 1 IRAs can be consolidated by filling out a Burnham Traditional IRA Application and a Transfer of Assets Form for each IRA held elsewhere. Anyone with earned income before the tax year in which age 70 is attained. 2 Contributions must be made by April 15 to be considered as a prior calendar year contribution. An individual retirement plan that permits tax-free earnings and distributions.
Contributions are nondeductible, but qualified distributions are tax free.
4 Contributions allowed after age 70 . Traditional IRAs held at Burnham Investors Trust or elsewhere may be converted to a Roth IRA by filling out an Burnham Investors Trust Roth IRA Application and a Conversion Form. 2 Contributions must be made by April 15 to be considered as a prior calendar year contribution. Beneficiary Designation Form - allows you to select primary and secondary beneficiaries of your BIT retirement account. The above information is not intended to be tax advice.