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Types of Self-Directed IRAs

 

  1. Traditional IRA

    A Traditional IRA is a tax-deferred retirement savings account. Dividends, interest payments and capital gains compound each year allowing a Traditional IRA to grow faster than a taxable account.

     

  2. Roth IRA

    A Roth IRA is a tax-free retirement savings account that can be funded with after-tax dollars. Funds deposited continue to grow tax-free and can be withdrawn with no penalty.

     

  3. SEP IRA

    A SEP IRA is a tax-deferred retirement savings account for self-employed individuals and small business owners. Contributions are tax-deductible until investments are withdrawn.

     

  4. SIMPLE IRA

    A Simple IRA is a tax-deferred incentive match plan for employees. Contributions are tax-deductible, and your investment grows tax-deferred until withdrawn.

     

  5. Individual 401(K)

    A Self-Employed 401(k), also referred to as an Individual 401(k), is a retirement plan funded with after-tax dollars. There are two versions of an Individual 401(k). Both versions are for sole proprietors who have no employees.

     

  6. Rollover IRA

    A Rollover IRA is a traditional IRA that is used by clients who have had multiple employers. Assets accumulated in employer-sponsored accounts such as a 401(k) are sometimes fortified into a single account.

     

 

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