What Does IRA Fbo Mean?


The abbreviation on IRA forms, FBO means, For the Benefit Of. The abbreviation is commonly used when naming a trust as the recipient of life insurance, an IRA, or 401(k).
Q&A Related to "What Does IRA Fbo Mean?"
FBO is a industry-wide, accepted term by all IRA custodians. It helps maintain the administration chain for an IRA along with the asset ownership: the person for who's benefit the
FBO means "for benefit of" which is something I do not think you would see unless you inherited an IRA (from someone other than a spouse) in which case in needs to remain
Most Individual Retirement Accounts are legally titled as "FBO" accounts, although many investors are not aware of this. An FBO IRA satisfies legal restrictions enacted
1 Additional Answer
Ask.com Answer for: what does ira fbo mean
ira fbo | Define ira fbo at Dictionary.com
dictionary.reference.com/browse/ira fbo
The world's most popular free online dictionary with definitions, spell check, word origins, example sentences, audio pronunciations, Word of the Day and more!
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com