Why IRAs can be a great investment choice?
- Tax benefits
You could reduce your taxes, get an additional tax credit and grow your investments tax-free.
- Ownership
Own your retirement, without depending on your employer. Also great for freelancers.
- Emergency needs
Withdraw money without a penalty in case of certain emergencies.
Reasons to invest in an IRA
See what others are saying about investing in IRAs
Save on your taxes while you are working
Your investments in a traditional IRA reduce your taxable income, till the time you withdraw your money in retirement. That’s a great way to save on your taxes while you are working.
If you make $100,000 in annual income and do not invest in a 401k or an IRA, your federal taxes would be appx $14,261. However if you invest $6500 in an IRA, your federal taxes would be $12,831 - a saving of $1430 in your taxes!
Additional tax benefits in terms of a ‘savers tax credit’
In addition to reducing your taxable income, IRA investments could help moderate income taxpayers benefit from a special tax break to further reduce your tax bill. Unfortunately many eligible taxpayers do not know about this benefit.
You own your IRA, not your employer
The IRA is your Individual Retirement Account - which means it stays with you throughout your life, even if you change employers.
Expert investing at low cost
There are a number of reputed companies that offer IRAs such as Fidelity, Vanguard, Charles Schwab, Robinhood, SoFi and others. More competition means more benefits for you - the consumer. IRA Genie can help you find the best IRA for your needs at the lowest cost available.
Easy to set up and maintain
IRAs are easy to set up and IRA Genie is there to help you set it up. And once you set it up, they are easy to maintain with as much or as little effort as you would like to put in.