New platform features give clients convenient, end-to-end digital control over IRA funding and withdrawals
Online broker TradingBlock announced the launch of full online cash-management capabilities for qualified IRA brokerage accounts. The enhanced platform now supports digital deposits and withdrawals, tax-withholding management, transfer automation and scheduling, and secure linking to external financial institutions.
With these new features, TradingBlock clients can conveniently manage and schedule all transactions to and from their IRA accounts without the need for error-prone, time-consuming paperwork. The platform streamlines the process of funding and distributing from Traditional, Roth and SEP (Simplified Employee Pension) IRAs while helping clients stay current with federal and state tax-withholding requirements.
“Our goal has always been to eliminate the friction investors face when building their financial future, whether they are trading stock, leveraging options or managing their retirement assets,” said TradingBlock Vice President of Market Strategy Michael Martin. “In bringing fully digital cash-management tools to our IRA clients, we’re providing them with the control, convenience and automation they need to manage their assets with confidence.”
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Key benefits of the new cash-management capabilities include:
- Full digital control of IRA funding and withdrawals, including regularly scheduled transfers
- Secure linking to external financial institutions for fast, seamless transactions
- Elimination of burdensome paperwork required for deposits and withdrawals
- Easy management of tax withholding and compliance with evolving federal and state regulations
“The launch of these enhancements is another example of TradingBlock’s commitment to building and democratizing technology that empowers everyday investors,” Martin said.
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