Establish New Roth/SEP/Traditional IRA Plan Application

This form may be used to establish a new IRA plan. If you wish to open additional IRA accounts under an existing IRA plan, use the "IRA Account Application." If you have any questions while completing this application, please call 1-888-842-NFCU(6328)

This form is in Navy Federal's secure site. The secure site encrypts the transmission.

Information about IRAs
Saving Rates

Access Number
Find My Access Number
Type of new IRA to be established
First name
Last name
SSN
(No hyphens)
Date of Birth
(mm/dd/yyyy)
Daytime phone number
(no hyphens) (Example: 7035551212)
Evening phone number
(no hyphens) (Example: 7035551212)
Alternate phone number
(no hyphens) (Example: 7035551212)
Please open an IRA account:
Establish my new IRA from my:


$ (Example: 1000.00)
$ (Example: 1000.00)
$ (Example: 1000.00)
Total Contribution Amount: $ (Example: 2000.00)


Note:
2017: The maximum allowable contribution to a Roth / Traditional IRA is $5,500 per tax year if under age 50 and $6,500 if over age 50.
The maximum contribution to a SEP IRA is $54,000 per tax year.
2016: The maximum allowable contribution to a Roth / Traditional IRA is $5,500 per tax year if under age 50 and $6,500 if over age 50.
The maximum contribution to a SEP IRA is $53,000 per tax year.


Note: If the respective funds are being combined from multiple accounts, enter the amounts in their respective boxes.
Please credit contribution toward:
Note: Roth and Traditional IRA contributions made from January 1 to April 15 of the current year may be credited to the previous year.
Designation of Beneficiary
The following individual(s) or entity shall be my primary and/or contingent beneficiary(ies). If neither primary nor contingent is indicated, the individual or entity will be deemed to be a primary beneficiary. If more than one primary beneficiary is designated and no distribution percentages are indicated, the beneficiaries will be deemed to own equal share percentages in the IRA. Multiple contingent beneficiaries with no share percentage indicated will also be deemed to share equally.

If any primary or contingent beneficiary dies before me, his or her interest and the interest of his or her heirs shall terminate completely, and the percentage share of any remaining beneficiary(ies) shall be increased on a pro rata basis. If no primary beneficiary(ies) survives me, the contingent beneficiary(ies) shall acquire the designated share of my IRA.
Name & Address of Beneficiary

Date of Birth
(mm/dd/yyyy)

SSN
(#########)


Relationship


Primary or Contingent

Share %

Name & Address of Beneficiary


Date of Birth
(mm/dd/yyyy)

SSN
(#########)


Relationship


Primary or Contingent

Share %

Name & Address of Beneficiary


Date of Birth
(mm/dd/yyyy)

SSN
(#########)


Relationship


Primary or Contingent

Share %

Name & Address of Beneficiary


Date of Birth
(mm/dd/yyyy)

SSN
(#########)


Relationship


Primary or Contingent

Share %

Name & Address of Beneficiary


Date of Birth
(mm/dd/yyyy)

SSN
(#########)


Relationship


Primary or Contingent

Share %
Name & Address of Beneficiary

Date of Birth
(mm/dd/yyyy)

SSN
(#########)


Relationship


Primary or Contingent

Share %



By entering my initials below:
  1. I acknowledge that I am submitting this application electronically and that by initialing this box and clicking on the submit button below is a legal substitute for my original ink signature.
  2. I have been given the option of reviewing the Plan Agreement, Financial Disclosure and Navy Federal Disclosure Statements and that submission of this application constitutes my acceptance and understanding that I am bound by the terms and conditions of these documents

    Roth IRA Packet
    SEP Packet
    Traditional IRA Packet

  3. I understand the eligibility requirements for the type of IRA deposit I am making and I state that I do qualify to make the deposit. Also, I assume responsibility for: determining that I am eligible for an IRA each year I make a contribution; insuring that all contributions I make are within the limits set forth by the tax laws; and that the tax consequences of any contribution (including rollover contributions and conversions) and distributions.
  4. I understand that I have seven (7) days from the date I submit this application to revoke it without IRS penalty by mailing or delivering written notice to Navy Federal.
  5. (optional) Over age 50 Catch-up Contributions Confirmation. I certify that I am eligible to make catch-up contributions to an IRA.s

(enter initials)