Page 10 - Belco_Connections_Winter-2017

(“IRA Missteps” continued from page 4)
inherited IRA assets like a fully taxable cash distribution – 100% of it is subject to
income tax. 8
Ask for help, and don’t be afraid to ask questions. Many families and couples have
only a hazy understanding of the rules governing IRAs, and few really know all the
options. Make sure your IRA beneficiary form is up to date, and speak with the
financial professional you know and trust about how to handle the transfer of IRA
assets when the time comes.

Eric Pasquini & Jessica Aquiler @ Belco Retirement & Investment Services
may be reached at 717-720-6220.

https://www.cbsinvestorconnection.com/Advisors?cuid=03701254
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value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution,
through the financial services program, to make securities available to members.
Important message: the information contained in this message or any attached document is confidential and intended only for
individuals to whom it is addressed. If you got this message in error, please inform me immediately. I may ask you to return the
documents at my expense. In general, please simply destroy the information at once. Any unauthorized use, distribution or
copying of this information is prohibited.
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nor their affiliates. All information is believed to be from reliable sources; however we make no representation as to its completeness
or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the
reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or
legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.
Citations.
1 - investopedia.com/articles/pf/07/beneficiary_form.asp [3/23/11]
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3 - forbes.com/forbes/2010/0628/investment-guide-stretch-ira-beneficiary-five-rules-inherited-iras.html [6//28/10]
4 - axa-equitable.com/retirement/inheriting-an-ira-or-employer-sponsored-plan.html [6/09]
5 - marketwatch.com/story/the-10-vital-rules-for-inherited-iras-2009-11-12 [11/12/09]
6 - jhrollover.com/article_beneficiary_basics_final.shtml [3/23/11]
7 - investopedia.com/articles/retirement/03/041603.asp [4/16/03]
8 - online.wsj.com/article/SB125512471450876777.html [10/10/09]
09272012-WR-604

(“Member Bulletin Board” continued from page 4)
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Belco gift bag.
t Belco 79th Anniversary Celebration – Wednesday, March 7 at all branches.
Stop by for free cake and enter to win a $79 Sheetz gift card. Also, receive a free
Belco backpack cooler when you open a new Belco Visa from March 5-10. All loans
subject to credit approval.
t Dauphin County Women’s Expo – Saturday, March 10 from 9am-2pm at the
Hershey Lodge. Stop by our table and enter to win a $20 Target gift card and a Belco
gift bag. Register for this FREE event at www.agreatwaytospendmyday.com/register
(or $5 admission at the door).

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