Home > Best IRA > Best IRA

Best IRA

Many ask, “What is the best IRA?” The best IRA plan(aka Individual Retirement Account) depends on your retirement needs, goals and financial status. There are different IRA’s and all have different rules and regulations.

Some have suggested the best IRA is the Roth IRA which allows for tax-free growth and tax-free distributions after age 59 1/2; however, the Roth IRA is not tax deductible since the contributions are made after-tax. The traditional IRA contributions are made before-tax and are, thus, tax deductible. However, the traditional IRA have mandatory distribution rules and the growth of your investments are taxabale upon withdrawl (i.e. tax-deferred).

There is a third option that you may not have considered for the best IRA plan. This is called the Roth IRA on Roids or (Roth on Roids®). There are no contributions limits, no earned income limits and no forced withdrawals when you reach a certain age. Additionally, the growth is tax-free and is guaranteed. Yes, the growth is guaranteed and the principal is guaranteed. “What? How can this so-called best IRA guarantee anything since it’s an investment?” Simple. It’s backed by insurance. The death benefit can also be passed tax-free to your heirs or beneficiaries. The only con is the contributions to the Roth IRA on Roids is with after-tax dollars they cannot be deducted.

Please call Estate Street Partners at 1(888) 938-5872 and receive an initial free consultation with our expert financial planners. To read more articles on the best IRA planning visit: Best IRA Rescue.

Categories: Best IRA Tags:
Comments are closed.