Choose The Right Account Retirement Accounts Account Type Description How to Apply Traditional IRA A Traditional IRA brokerage account is established to build tax deferred savings. Traditional IRAs will be taxed on their savings when the funds are distributed. Contributions may be tax deductible or eligible for a tax credit. Download your application online and submit by mail. Rollover IRA A Rollover IRA is established to transfer money from an employer sponsored plan.The account is tax-deferred and participants will be taxed on their savings when the funds are distributed. Download your application online and submit by mail. Self-directed Brokerage Account A Self-directed brokerage account is an account within a qualified plan that provides participants with access to investment options in addition to the core funds. Your employer must allow Self-directed brokerage accounts for you to establish one with Hewitt Financial Services. Enroll Online Roth IRA Contributions to a Roth IRA are not tax deductible and therefore the qualified disbursement(s) including earnings are free from federal taxes. Contributions may be eligible for a tax credit. Download your application online and submit by mail. Roth Conversion IRA A Roth Conversion IRA offers the same benefits of a Roth IRA. However, the original source of funds must have been a Traditional or Rollover IRA. Download your application online and submit by mail. Spousal IRA A Spousal IRA is established for a non-working spouse and is funded by the working spouse. Download your application online and submit by mail. Beneficiary IRA A Beneficiary IRA is established by a beneficiary of a Traditional, Rollover, Roth, SEP or SIMPLE IRA to receive his or her inherited IRA assets. The Beneficiary IRA allows the beneficiary to keep the inherited IRA assets tax-deferred until they are distributed according to the IRS regulations. Download your application online and submit by mail. Guardian IRA A Guardian IRA account is established to allow working minors to begin saving for retirement before the age of 18. If a minor has earned income reportable on a W-2 then s/he can save up to the standard IRA contribution maximum or 100% of his or her salary, whichever is lower. The minor must have a legal guardian to take ownership of the account until s/he reaches the age of majority. A Guardian IRA is also applicable to a handicapped person with earning but who is unable to handle finances. Download your application online and submit by mail. SEP IRA A Simplified Employee Pension (SEP) IRA is established by a firm for its employees. The employee can decide where he or she wants the account to reside. Download your application online and submit by mail. SIMPLE IRA A SIMPLE IRA is an employer sponsored plan allowing for salary deferrals and employer matching contributions. Download your application online and submit by mail.

Personal Accounts Account Type Description How to Apply Individual An individual account is established by one person who has sole ownership of the account. Download your application online and submit by mail. Joint A joint account is established by two people who share responsibility for the account. The two most common types of joint ownership are (1) joint tenants with rights of survivorship (JTWROS) and (2) tenants in common. In the JTWROS account, if one party dies the survivor assumes ownership of the entire account. In the tenants in common account, if one party dies, the ownership of the deceased's portion of the account transfers to his or her estate. Some states may require one type of joint account over the other. Download your application(JTWROS and tenants in common)online and submit by mail. Custodial A custodial account is established by a custodian on behalf of a minor under the Uniform Gifts (or Transfers) to Minors Act (UGMA/UTMA) in your state. The minor is the owner of the account while the custodian directs and manages all investments until the minor reaches the age of majority. The minor is not eligible to trade in the account. Custodial accounts cannot trade on margin. The minor is the sole owner and is the designated party for payment of taxes on any income generated from the account. Different tax consequences may apply to minors under the age of 14. All gifts under this act are irrevocable. Download your application online and submit by mail. Coverdell Education Savings Account (formerly Education IRA) The Coverdell Education Savings account is a savings plan to help meet qualified education expenses, tax-free. Some of the expenses include tuition, fees, books, supplies and equipment required for the enrollment or attendance of the Designated Beneficiary at an eligible education institution. Download your application online and submit by mail.

Business Accounts Account Type Description How to Apply Trust A trust account is established by the trustees of a trust. The investable assets are placed in the trust account to be used for the benefit of the trust's beneficiaries. Download your application and submit by mail. In addition to completing the application, a completed copy of the Trustee Certification of Investment Powers or a signed copy of the trust agreement is required. Corporate A corporate account is established on behalf of a legal corporate entity. Download your application and submit by mail. In addition to completing the application, a Certified Copy of Certain Resolutions and a Certificate of Corporate Secretary are also required. Investment Club An investment club account is established on behalf of a group of people who pool their funds to invest. Download your application and submit by mail. All club members who are authorized to trade in this account will be required to sign the Customer Agreement. Partnership A partnership account is established on behalf of a legal partnership. Download your application and submit by mail. All general partners will be required to sign the Customer Agreement.