► Interested in learning more about retirement, Crypto IRAs, or the iTrustCapital software platform? Head to iTrustCapital.com now. Wondering what all the acronyms mean? We’re here to help answer your frequently asked questions. Whether you’re a retirement term expert looking for a quick refresh or a newcomer to Crypto IRAs, iTrustCapital is here to provide some info! ◄ Chapters: 00:00 Intro 00:14 What is an IRA? 00:18 Traditional IRA 00:38 SEP, SIMPLE, & Rollover IRA 00:56 Roth IRA 01:22 Outro Transcript: IRA stands for individual retirement account . In a Traditional IRA, the individual can invest funds BEFORE paying income tax, while taxes are deferred. Capital gains refer to money made over the principal amount invested. When taking a distribution from an IRA after the age of 59 and a half, the money is taxed as ordinary income rather than capital gains. The same concept applies to Simplified Employee Pensions (otherwise known as SEP IRAs), Savings Incentiv...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)