The deadline for establishing and contributing to an IRA for any given year is the tax deadline, usually April 15th of the year following the year for which you are making the contribution, excluding extensions. Subject to certain requirements, distributions are tax-free. In order to avoid this withholding you may elect to have your employer send the check or securities directly to your Cititrade IRA as a direct rollover. In all cases, please consult your tax advisor prior to investing. The Education IRA allows contributions to be made for the benefit of paying for the qualified higher education expenses for a child under the age of 18.
All contributions are non-deductible.
Custodial A Custodial account is an easy way to build a financial reserve for your children. You can make gifts to your child and manage the assets until the child reaches adulthood. CitiOne SM and the Cititrade logo are service marks of Citicorp. All Rights Reserved. CitiOne SM and the Cititrade logo are service marks of Citicorp.