§ 347.32. Annual additions to retirement savings bond.
76 words·~1 min read·
/us/cfr/t31/s§ 347.32·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The amount that initially may be contributed or added to a retirement savings bond in a calendar year by an Auto-IRA custodian on behalf of any participant is limited by the applicable annual contribution limits provided under the Internal Revenue Code and regulations. The total value of a retirement savings bond that may be held by an Auto-IRA custodian in an IRA on behalf of any participant shall not exceed \$15,000 for each state Auto-IRA program.