We received some great feedback on Part 1 of Linked Accounts and Regulation D - including some great questions. Let's delve into this area a bit more - including a preliminary question. Treating Savings Accounts as Transaction Accounts. A couple of commenters asked if their credit unions could treat their savings accounts as transaction accounts - and reserve accordingly. Yes, credit unions do have the ability to treat their savings accounts as transactions accounts and allow unlimited transactions from those accounts. ****Read More; http://nafcucomplianceblog.typepad.com/nafcu_weblog/2012/03/overdrafts-linked-accounts-and-regulation-d-part-2.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Fnafcucomplianceblog%2Fnafcu_weblog+%28NAFCU+Compliance+Blog%29&utm_content=Google+Reader
Individual Retirement Accounts Inside IRAs Individual retirement accounts, or IRAs, are tax-advantaged investment accounts that help individuals save for retirement. The money you put into an IRA is used to invest in stocks, bonds, and other assets. Anyone who earns an income—regardless of whether they are a full-timer, a part-timer, or a contractor—can open and invest in an IRA. IRAs are often good solutions for people who don’t have the option to invest in a 401(k) ( 1440 Topics )—or for those who want to put even more money aside for retirement. Depending on the type of IRA someone gets, they will have access to either a tax-deferred or...
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