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What is a Safe Harbor IRA?

April 26, 2017IRA safe harbor

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What is a Safe Harbor IRA?

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The Principal Bank Safe Harbor Individual Retirement Account (IRA) is a qualified retirement account that is established for individuals who leave an employer without making an election of benefits for funds in an employer-sponsored retirement plan, such as a 401K. The current rate is found on www.principalbank.com/rates. Funds in your Safe Harbor IRA are protected by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor.