Author Topic: Traditional IRA contribution question  (Read 1102 times)

mxer54

  • Stubble
  • **
  • Posts: 102
  • Location: Fredericksburg, Va
Traditional IRA contribution question
« on: February 11, 2014, 08:15:16 AM »
Hello,

I recently opened a T IRA at NCFU, I was hoping to add money to it but it isnt allowing me to add, saying that it will only allow a min of $500 contribution.  Is this correct or is there something I am missing?  Thanks!

Shor

  • Bristles
  • ***
  • Posts: 480
  • Location: Orange County, CA, USA
Re: Traditional IRA contribution question
« Reply #1 on: February 11, 2014, 08:34:16 AM »
Which IRA Product do you have assigned? The only thing I can find is that there are different products offered by NCFU, and the Variable Rate IRA Certificates have a Minimum contribution of $500.

I'm not sure how it is structured since I don't have an account with them... but can you change your current distributions to go toward the IRA Savings Account or is this already set by default? I can't find anything else regarding a minimum contribution limit.

You can try calling in to them 1-888-842-6328 or 'visit your local branch'

mxer54

  • Stubble
  • **
  • Posts: 102
  • Location: Fredericksburg, Va
Re: Traditional IRA contribution question
« Reply #2 on: February 11, 2014, 08:42:03 AM »
Just an Traditional IRA.  Yeah, I will check with them...Just wanted to make sure this wasnt the norm for an IRA as this is my first.  Thanks for the reply!