Jan
14
Are IRA Good Investments?
Filed Under investing
Robert Ruby asked:
Are IRA good investments? With the ups and downs of the stock market the growth of IRA investments may not be what you had expected if you only have your IRA invested in the stock market. There are other investments besides the stock market where you can invest your IRA money. I’ll tell you another great investment a little bit later in this article.
If you’ve set your hopes on a carefree retirement without having to worry about money, the growth of IRA investments needs to be good. If you live in the north like I do, one of your dreams may be going south for the winter. That can be a costly dream, so you may want to get your ducks in a row early on in your investment strategy so you will have enough money to get away from the harsh north winters.
When looking at the question are IRA good investments, you need to know the benefits of investing in an IRA. A traditional IRA is tax deferred, which means you don’t pay income taxes on the amount you invest in the year you invest it. Instead you pay income tax on the entire amount you withdraw it.
Another type of IRA is a Roth IRA. With a Roth IRA you invest after tax dollars, which means it is not tax deferred like a traditional IRA, but you don’t pay any taxes when you withdraw your money. So the growth of IRA investments in this scenario can be very advantageous, because you will be withdrawing both principle and interest tax free, which means your growth is tax free.
Both scenarios should answer the question are IRA good investments with a resounding yes. For one thing you are putting aside some money for retirement, which is the first thing you need to do to insure those winters down south. You certainly won’t be getting away from the cold harsh winters if you are living just on Social Security income.
And second with both scenarios, you are realizing a tax savings; either at time of investment or at time of withdrawal. Tax savings mean more money in your pocket to go south for the winter. Both scenarios are good.
One thing you can do with your IRA accounts is to put that money in a self directed IRA. With a self directed IRA you can invest your hard earned money where you want to direct it, not where some stock broker or banker wants you to invest it. Many times the advise of a stockbroker or banker makes money for them, but not necessarily for you.
When you are the one directing your IRA you can be confident that you have it where you want it. One of the places that many investors overlook when looking for growth of IRA investments is real estate. You can have your self directed IRA invested in real estate and earn great returns.
So when asking yourself are IRA good investments, look at real estate. When investing in real estate you can see the growth of IRA investments doing some positive good for communities by providing housing for people. There is a company that offers turnkey investments for a self directed IRA that provides you with everything you need to know about investing for the betterment of communities with Socially-Conscious Investing To Empower Urban Communities.
Now that you’ve heard about it, check it out and see your retirement dreams come true when you see the power of the growth of IRA investments with real estate. You can earn money for retirement as you help others obtain affordable housing they need.
Jim
Are IRA good investments? With the ups and downs of the stock market the growth of IRA investments may not be what you had expected if you only have your IRA invested in the stock market. There are other investments besides the stock market where you can invest your IRA money. I’ll tell you another great investment a little bit later in this article.
If you’ve set your hopes on a carefree retirement without having to worry about money, the growth of IRA investments needs to be good. If you live in the north like I do, one of your dreams may be going south for the winter. That can be a costly dream, so you may want to get your ducks in a row early on in your investment strategy so you will have enough money to get away from the harsh north winters.
When looking at the question are IRA good investments, you need to know the benefits of investing in an IRA. A traditional IRA is tax deferred, which means you don’t pay income taxes on the amount you invest in the year you invest it. Instead you pay income tax on the entire amount you withdraw it.
Another type of IRA is a Roth IRA. With a Roth IRA you invest after tax dollars, which means it is not tax deferred like a traditional IRA, but you don’t pay any taxes when you withdraw your money. So the growth of IRA investments in this scenario can be very advantageous, because you will be withdrawing both principle and interest tax free, which means your growth is tax free.
Both scenarios should answer the question are IRA good investments with a resounding yes. For one thing you are putting aside some money for retirement, which is the first thing you need to do to insure those winters down south. You certainly won’t be getting away from the cold harsh winters if you are living just on Social Security income.
And second with both scenarios, you are realizing a tax savings; either at time of investment or at time of withdrawal. Tax savings mean more money in your pocket to go south for the winter. Both scenarios are good.
One thing you can do with your IRA accounts is to put that money in a self directed IRA. With a self directed IRA you can invest your hard earned money where you want to direct it, not where some stock broker or banker wants you to invest it. Many times the advise of a stockbroker or banker makes money for them, but not necessarily for you.
When you are the one directing your IRA you can be confident that you have it where you want it. One of the places that many investors overlook when looking for growth of IRA investments is real estate. You can have your self directed IRA invested in real estate and earn great returns.
So when asking yourself are IRA good investments, look at real estate. When investing in real estate you can see the growth of IRA investments doing some positive good for communities by providing housing for people. There is a company that offers turnkey investments for a self directed IRA that provides you with everything you need to know about investing for the betterment of communities with Socially-Conscious Investing To Empower Urban Communities.
Now that you’ve heard about it, check it out and see your retirement dreams come true when you see the power of the growth of IRA investments with real estate. You can earn money for retirement as you help others obtain affordable housing they need.
Jim
