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Tag: Roth IRA Contribution Limits

Roth IRA Income Limits

IRA is a distinct type of retirement account that is not taxed under the US law as long as certain conditions are met. In the United States, the tax law allows a tax discount on a partial amount of savings for retirement. The Roth IRA’s basic difference from other tax advantaged retirement plans is that instead of granting a tax break for money placed into the plan the tax break is granted on the money that is withdrawn from the plan during retirement.

Roth IRA Contribution Limits

A self-directed IRA gives you control of how your IRA is invested and the ability to invest your IRA the way you want. With some companies, a self-directed IRA can give you absolute checkbook control. With checkbook control, your account is connected to a checking account. This way, when you find a great investment, you can write a check for it immediately instead of working through a broker. You are able to capitalize on your own research and expertise instead of relying on others.