If you have or want to open a Traditional or Roth IRA, please read on...
3 great reasons to set up an IRA are...
1) Pay less tax
2) Save more
3) Make more money when you retire
Start early: the more you save, the more you will have!
When you sell stocks/mutual funds that are in your IRA, you don’t have to pay any tax. Sell when you want. Buy when you want. And, there’s no tax to pay!
Traditional VS Roth
Pretty simple difference...
You get a tax deduction when you put money into a Traditional IRA. That’s the good news. Bad news: you have to pay tax when you take it out.
So, if you can afford to pay the tax today, put it in a Roth. If you can’t afford to pay the tax today, get a deduction and put it in a Traditional.
Always do your research and if you have any questions, feel free to reach out to our team!
Make more money, pay less tax!