Analyzing Your IRA Disclosure Statement

Your plan agreement, unless you have a custom prototype document, uses the IRS model plan document language; make sure that you’re using the most recent available. The financial disclosure must be completed based on the same assumptions for all financial organizations using one of the two required methods. But the disclosure statement is different. It should be updated frequently by your forms provider and provided to you either automatically, or at your instruction, for a fee. Given that the IRA rules are always changing, ensuring you are providing your IRA owners an accurate representation of the current rules to which they are subject for their IRA with you is an ongoing process. In this webinar we'll explore what is likely covered in your disclosure statement, and point out red flags that may indicate an update is in order.