Traditional IRARealized1031.com2019-02-06 08:00:00
A retirement account that allows an individual to allocate pretax income toward investments that can grow tax-deferred. Income contributed to the account is limited, and may be deductible from taxable income based on the taxpayers amount of income and filing status. Capital gains taxes or dividend income taxes are only assessed once funds are withdrawn from the account.
The contribution limit to a traditional IRA, as determined by the IRS for the 2017 2018 tax years, is $5,500 for individuals under the age of 50, and $6,500 for individuals over the age of 50. Once you reach 70 ½, you are no longer eligible to contribute to a traditional IRA. If an individual is participating in a 401(k) or other pension plan, the IRS may put further restrictions on the amount you can contribute.
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Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment.
Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain and should not be deemed a complete investment program. The value of the investment may fall as well as rise and investors may get back less than they invested.
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