Get Tax-Deferred Earnings with Self-Directed Traditional IRA

A Traditional Individual Retirement Account is the oldest and most common type of retirement plan. A self directed traditional IRA allows you to select the investments that you choose within your retirement plan. Funding Your Self -Directed IRA or Real Estate IRA – With a IRA Rollover, Transfer or Contribution.

Funding Your Self Directed IRA

The most common technique to funding a self directed traditional IRA is through making a contribution to your account. You may also roll over or transfer funds from an existing employer plan, such as a 401(k), a pension plan or another traditional IRA. If your current traditional IRA does not allow self-direction, you may also transfer those funds to an IRA Innovations self directed traditional IRA so that you may choose your investments.

If you have earned income and want to save for retirement on a tax-deferred basis, you may contribute to a self directed traditional IRA until you are 70½ years of age. Why Consider an IRA Innovations Self-Directed Traditional IRA

  • You are eligible to deduct your contribution now and you anticipate your tax rate at retirement to be lower than your current tax rate.
  • You need a tax deduction, lowering your current tax bill. (Some investors still contribute to an IRA account even without the tax deduction).
  • If your income is over $65,000 (single) or $109,000 (joint) for 2009 (and $66,000 (single) or $109,000 (joint) for 2010) since you are not eligible to make a Roth IRA contribution.
  • You are looking for a larger choice of investment options for your funds.

If you are eligible to contribute to an IRA, the amount you can deduct from your taxes will depend on whether you (or, in some cases, your spouse) are an active participant in a retirement plan at work.

Call IRA Innovations at (205) 985-0860 and get started on your self-directed IRA today.

We are never in conflict with your investment decisions because we do not endorse or sell any investment products.