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Personal Accounts

  • An individual account is an investment account designed for only one owner. This type of account gives you a lot of flexibility to manage your investments and to save for your goals in the way that works for you. There are no deposit or withdrawal limits, you are free to put money in and take money out whenever you want. 
    Individual accounts are great for any adult. Some common reasons for investing in an Individual Account could include:
    • New car
    • New house
    • Home Remodel
    • Dream vacation
    • Wedding expenses
    • Emergency, “rainy day” fund
    There are countless reasons to invest, each person has their story. Let us help you write yours!
    Investments made into this account type are not tax-deferred.
  • The joint account is an investment account designed for two owners, some types of joint accounts are designed only for married couples, see details below.. When opening a joint account, you must provide information for both account owners, but only the primary owner will be charged fees, unless the joint holder opens an account of their own.
    This type of account gives you a lot of flexibility to manage your investments and to save for your goals in the way that works for you. There are no deposit or withdrawal limits, both owners are free to put money in and take money out whenever they want. 
    Joint accounts are great for two people who choose to invest together in the same account. Some common reasons for investing in a Joint Account could include:
    • New baby
    • New home
    • New business
    • Home remodel
    • Dream vacation
    • Wedding expenses
    • Emergency, “rainy day” fund
    There are countless reasons to invest, each person has their story. Let us help you write yours!
    Investments made into this account type are not tax-deferred.
    There are several types of joint accounts—choose the one that is best for you.
    • Joint: Rights of Survivorship
      Each account owner owns the entire account. If an account owner dies, their share is equally distributed among the remaining account holders.
    • Joint: Tenants in Common
      Each account owner owns an equal percentage of the account. If an account owner dies, their share is transferred to his or her estate.
    • Joint: Tenants by Entirety
      Account owners must be married. Each owns half the account. If an account owner dies, their share is transferred to their spouse. The following states recognize Tenants by Entirety joint accounts: Alaska, Arkansas, Delaware, Florida, Hawaii, Maryland, Massachusetts, Missouri, Mississippi, New Jersey, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Vermont, Virginia, Washington, DC and Wyoming
    • Joint: Community Property
      Account owners must be married. Each owns half the account. If an account owner dies, their share is transferred to his or her estate. The property does not automatically transfer to the spouse. The following states recognize Community Property joint accounts: Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Puerto Rico, Texas, Washington, Wisconsin
  • Catholic InvestmentsUniform Gifts to Minors Act (UGMA)  – Uniform Transfers to Minors Act (UTMA)

    UTMA and UGMA accounts are custodial investment accounts that are set up by an adult (custodian) for the benefit of a minor child (beneficiary).  A custodial account is used to invest assets for a minor child until they reach the age of majority in their state, usually 18-21 years of age. A parent does not have to be the custodian of the account, and the child’s parent or legal guardian has the option to choose someone else to manage an UTMA/UGMA on your child’s behalf. These types of accounts give the custodian the flexibility to manage the investment account on behalf of the minor beneficiary who otherwise cannot legally own an account on his or her own. Most states have adopted UTMA statutes, the type of account UTMA or UGMA will depend on the child’s state of residency.
    Many families look at UTMA/UGMA custodial accounts as an option for saving for their child’s college education. These accounts can offer flexibility and tax savings which parent’s often find to be attractive. UTMA and UGMA accounts also allow other family members and even friends to make irrevocable gifts to the child through this type of account as well.
  • Catholic InvestmentsFor assets held in a revocable trust. The trust must be established before the account is opened. You must be an authorized trustee to open a trust account.

     

Retirement Accounts

  • Catholic InvestmentsThe Traditional IRA is an investment account designed to help you to save for retirement. Retirement is a goal that just about everyone shares. Each person has a different idea about when they plan to retire and what their retirement needs will be in their golden years. Experts agree that the earlier that one starts saving for retirement the better…
    Traditional IRA accounts are great for individuals that want to save for retirement. Contributions to the Traditional IRS are tax-deductible for the tax year contributed. This is best for those who believe that they will be in a lower tax bracket in retirement, and who are sure that they will not need to make withdrawals before age 59 ½.
  • Catholic InvestmentsA Roth Individual Retirement Account, Roth IRA is an investment account designed to help you to save for retirement. Retirement is a goal that just about everyone shares. Each person has a different idea about when they plan to retire and what their retirement needs will be in their golden years. Experts agree that the earlier that one starts saving for retirement the better…
    Roth IRA accounts are great for individuals that want to save for retirement now, with after-tax dollars. The Roth account allows tax-free withdrawals after age 59 ½. This is best for those who believe that they will be in a higher tax bracket in retirement, and want more control over when or if they make withdrawals at retirement, age 59 ½ or older.
  • Catholic investmentsMove your money directly from one retirement investment, such as a 401(k) or Traditional IRA, to another without incurring taxes or penalties.
  • Catholic InvestmentsUse a SIMPLE IRA if you work for a company who offers a 5304 SIMPLE IRA Plan which allows accounts to be opened at any brokerage firm. Please note: you will need to download a packet of forms for you and your employer to sign and return to our custodian, FolioFN Investments.
  • Catholic InvestmentsUse a SEP-IRA if you are a self-employed individual, business owner, or individual who earns any self-employed income to save for retirement.
  • Catholic InvestmentsBeneficiary IRA’s (Traditional and Roth)

    If you’ve inherited an IRA or other retirement account, the assets must be kept in a Beneficiary IRA.

Accounts for Businesses and Organizations

  • Businesses and religious organizations may open an account with InvestingCatholic, depending upon their specific legal and tax structure. Our custodian, FolioFN Investments supports accounts for the following business types:
    • Corporations (Taxed as either C-Corp or S-Corp)
    • LLC’s (Taxed as either C-Corp, S-Corp, Partnership)
    • Partnerships (General and Limited)
    • Sole Proprietorships
  • Catholic investmentsInvestment account for business assets held within a Trust. The Trust must be established prior to opening the investment account.

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Investments Without Compromise

 
InvestingCatholic, LLC is an SEC Registered Investment Adviser pursuant to Section 203A-2(e) of the Advisers Act. Under this registration, InvestingCatholic provides its investment advice to clients solely through its interactive website. Our website, www.investingcatholic.com is limited to providing general information pertaining to InvestingCatholic, LLC’s advisory services, and is intended to serve our clients and prospective clients for general informational purposes only and does not constitute investment or tax advice. Our website should not be construed by any consumer and/or prospective client as InvestingCatholic’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. InvestingCatholic may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Additional information about InvestingCatholic is also available on the SEC’s website at www.adviserinfo.sec.gov.
Risk Disclosure: Past performance does not guarantee future results. There are no absolute guarantees in investing. Before investing, consider your investment objectives and all applicable fees and expenses. See full disclosures for more information.
This website is operated and maintained by InvestingCatholic, LLC, an SEC Registered Investment Advisor. Brokerage services provided to clients by FOLIOfn Investments Inc., an SEC registered broker-dealer and member FINRA/SIPC. Investments: Not FDIC Insured • No Bank Guarantee • May Lose Value.