Want To Know More About Investing In A BitCoin IRA?
Get the FREE Info Kit Here.
In this video, John Bowens, Equity Trust’s National Education Specialist, answers the commonly asked question, “What is the difference between a Traditional IRA and a Roth IRA?” either of which can be self-directed accounts.
Start a conversation with an IRA Counselor to discover which account may be best for you: https://www.trustetc.com/lp/consultation/?utm_source=youtube&utm_medium=social&utm_campaign=considertion_education&utm_term=money_movement
Allows you to make contributions with pre-tax money and may provide a tax deduction, while the investment earnings are tax-deferred until withdrawn from the account.
– Contributions may be fully or partially tax-deductible depending on your circumstances
– Taxes on investment earnings are deferred
– Individuals age 59½ are eligible to start taking withdrawals, but at age 72, required minimum distributions must begin.
Allows you to make contributions with after-tax dollars (not eligible for tax deduction). The Roth IRA is designed to allow investment earnings to grow tax-free and provides the opportunity for tax-free withdrawals in retirement. Earnings and qualified distributions are tax-free after age 59½.
– Qualified withdrawals are tax-free
– Investments can compound tax-free
– No required withdrawals at any age
U.S citizens, regardless of age, can open a Roth IRA, assuming their individual Modified Adjusted Gross Income (MAGI) is within allowable limits.
Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.
These Are The 10 Foundation Steps To Building Wealth That You Need
Every one of these steps to building wealth must be implemented over time, mastered and maintained because each foundation block holds your keys to financial freedom but your success or failure depends upon the actions you take. The opportunity to learn from one of the best money managers in the business is something you just cannot pass up.Start Building Your Financial Ark Part II
During economical meltdowns and hyperinflation tsunami your Financial Ark should be able to stay buoyant and safe from the financial scavengers and a U.S. desperate bureaucracy. Learn how to build your Financial Ark and how to safely and legally store your wealth as well as what kind of wealth you can store. Buy a farm or lease a plot of ground and grow a vegetable garden. Learn why an acre of fresh food can save your life and become more valuable than gold or silver.The Proper Ways Of Selling Gold
Having gold jewelries, coins and accessories in your possession, can help you in more ways than you can imagine. Gold is always a good investment and it can help you, when you need it the most. There are a lot of things that you can do with them and selling gold is one of the best ways to get easy money.Want to Be Wealthy? Three Strategies for Success
When you start out dreaming of becoming wealthy you can flounder around for years and never have much success. You keep dreaming and wishing for the things you want to buy when you become wealthy but it doesn’t seem to be happening for you. Everything seems to be a mystery or a secret, sound familiar? Well I will unravel that mystery and let you in on some of the secrets in this articleMultiple Streams of Income – The Fastest Way to a 6-Figure Income
This day and age with the sluggish economy, unemployment rates skyrocketing, jobs disappearing, employee furlough days increasing, and 2 income households reducing to 1 income households – it’s time to get creative! In prior generations, people typically had one job and one income stream. They also had more job security; now you’ve got to take matters into your own hands and create your own financial security. The best way to do that is by creating multiple streams of income. This way, if one stream dries up, other streams are flowing in. Moreover, if you want to make a 6-figure income, then multiple streams of income is the fastest way to get there.