Frequently Asked Questions

• How do I update my password within the Superior IRA & HSA platform?
• How do I submit a beneficiary claim to Superior?
• What are the requirements of substantially equal periodic payments to avoid the IRS early distribution penalty of 10%?
• Are IRA distributions due to divorce subject to income tax or IRS penalty if the IRA owner is under 59½?
• Can distributions be taken from Traditional, SEP or SIMPLE IRAs while the owner is still working?
• What are Trump Accounts?
• How do IRA owners report Roth IRA Contributions?
• How much can be contributed to a spouse's IRA?
• Can an IRA owner contribute to a Traditional or Roth IRA if they are covered by a retirement plan at work?
• Are Traditional IRA contributions tax deductible?
• Is spousal consent required when naming beneficiaries on an IRA?
• What are the SIMPLE IRA summary description requirements?
• What is a Qualified Charitable Distribution (QCD) ?