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Monday, 27 May 2013

Oklahoma City Financial Consultant Explains IRA Options To Locals

By Mark Marabut


Your local Oklahoma City financial consultant can help you with many kinds of money related matters. This is especially true when it comes to planning for retirement. In fact, you have several options for IRA or individual retirement accounts that you may not be aware of. Your financial professional will help you find the best plan for your investment.

Few things are more important than income taxes and this is an important consideration with IRA accounts. Many people choose the traditional IRA account option because it provides them with immediate savings on taxes. Tax savings is important for people that need more money now.

Perhaps you would like to explore all of the good things about a Roth IRA account. A Roth IRA can provide huge tax breaks at the time of retirement. In fact, you can enjoy tax free income after you retire from working all your life.

With a Roth IRA, one pays taxes now on all retirement fund contributions. This is just the opposite of the traditional account. If you have a Roth account for many years, you could receive many thousands of dollars in dividends or interest over the years. You will not have to pay taxes on any of this money.

You may wish to open a Gold IRA account. Your money will be invested in pure gold and this can be bullion or coins. This will provide you with a stable investment no matter how the economy is doing.

IRA investors may have the option of investing in private mortgages or real estate. This kind of investment has specific rules that must be followed but the returns can be substantial. Yet, big returns often come with increased risk to the investor. A qualified Oklahoma City financial consultant will be there to help you explore every possible option. This will insure that you and your family have a bright future to look forward to.




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