Steer Clear of Taxes with a Traditional IRA

by | Dec 11, 2017 | Investment Services

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Do you want to be able to direct your own retirement plan? You can and steer clear of many tax hassles when you choose a traditional IRA. A self-directed traditional IRA allows for tax-deferred earnings. Does being able to select your own investments sound attractive too? Let IRA specialists assist you with finding investments that fit the retirement plan you choose. Their job is to make sure you meet all of the requirements for an IRA whether you prefer a self-directed IRA, 401k rollover, contribution, or transfer. There are many different types of IRS retirement plans in which to choose with each plan including aspects that make it rewarding for different people.

Understand How to Fund an IRA

Funding an IRA is not difficult, but there are a few techniques used that allow you to make a contribution to an account. You can transfer or roll-over funds from an employer plan like a TSA, 457(b), 403(b) or a 401(k)-defined contribution plan. There is always the option of doing the same with a traditional IRA or pension plan, as well. All of this is possible if you currently have a self-directed IRA plan, otherwise you should consider opening a self-directed IRA so you can start choosing investments. You are perfectly eligible to open a traditional IRA plan if you have an earned income and you also desire to save for your retirement on a basis that’s tax-deferred. Currently you can contribute to IRAs that are self-directed until you reach 70 ½ years of age.

Enjoy IRA Benefits

Having an IRA allows you to be financial set for when you reach retirement age. Until then you can always use an IRA as a tax deduction to lower a tax bill. You will also be able to choose from a large choice of investment options so you can grow your funds. Invest in an IRA today so you can start saving money now.

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