LEARN MORE www.sfgacquisitions.com/irainforeports - get the Top 8 IRA Account Types and How It Is Used - Slideshare Traditional IRA A self-directed Traditional IRA may be opened by any individual with earned income. Cash is contributed into a Traditional IRA “pre-tax,” meaning the contribution is taken as a tax-deduction from earned income for that tax year. Roth IRA Cash is contributed to a Roth IRA “post-tax,” which means contributions are made with taxable earnings for that tax year. Because Roth contributions are taxed when they enter the account, it may be beneficial to open a Roth IRA account when your anticipated yearly income is going to be less, and therefore your tax bracket is lower. SEP IRA Simplified Employee Pension (SEP) IRAs are a popular employer plan for self-employed individuals. A SEP IRA allows you to choose the percentage of contribution for any given year (0-25% of earned income) for yourself and your staff. SIMPLE IRA The Savings Incentive Matc
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