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What is the record retention period for Individual Retirement Accounts (IRA) after account closure?

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[kmeade]

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[afaust]

Usually record retention is listed on OFI website in each state. Most states require signature cards for 7 years so that is usually what IRAs go with since it has a product with it. But again it varies in each state.

There is a general rule in BSA for five years. In the back of the FFIEC exam manual there is a list if more specific record retention rules that is helpful.

Same thing with escheatment…some states escheat and some dont.

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