Facts About IRAs


While an IRA may have a lower annual contribution limit (2017: $5,500; $6,500 age 50 or older) than a workplace-sponsored retirement plan, opening an IRA can provide an opportunity to help diversify your retirement assets. An IRA offers certain benefits that are generally not available in a 401(k), such as:

  • Lower cost
  • Larger spectrum of investment options
  • Flexible options for penalty-free distributions prior to age 59½
  • Roth IRA does not require distributions after age 70½
  • Roth IRA offers “tax diversification” to help eliminate tax liability for a portion of retirement income

 

The content provided here is designed to provide general information on the subjects covered. It is not, however, intended to provide specific legal or tax advice.  Contact us at info@securedretirements.com or call us at (952) 460­-3260 to schedule a time to discuss your financial situation and the potential role of investments in your financial strategy.

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