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Glossary > R > "Revoked IRA" Definition

Revoked IRA

An IRA holder may revoke an IRA within the 7 days after the IRA is established. When an IRA holder elects to revoke the IRA, the full amount contributed to the IRA must be returned to the IRA holder.

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Revoked IRA - An IRA holder may revoke an IRA within the 7 days after the IRA is established. When an IRA holder elects to revoke the IRA, the full amount contributed to the IRA must be returned to the IRA holder.

Revoked IRA : an ira holder may revoke an ira within the 7 days after the ira is established. when an ira holder elects to revoke the ira, the full amount contributed to the ira must be returned to the ira holder.