What Is a Simple IRA Account?

Rate:

(0 Ratings)

Post a Comment

Add to Playlist |

I Did This

Part of the video series: Finance & Investment Tips

Summary: A simple IRA account is a tax-deductible retirement financial savings account that can take on many forms like a Roth IRA or an SEP IRA. Plan for the future by opening a simple IRA account with advice from a registered financial consultant in this free video on finance and investment.

Views:: 128

Presenter

By Patrick Munro
eHow Presenter

Contact: www.northstarnavigator.com

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

URL:

Embed:

Video Transcript

"What is a simple IRA account? That's the question, and a simple IRA account is just that. It is the most simple form of an individual IRA that an individual can have. Keep in mind this account is tax deductible and there are many forms and fashions of an IRA. There are Ross, there are self-employed IRAs. The government has a tendency to have various Christmas tree of sources, of their products. The most simple IRA is just that, a simple IRA. And it's important to make sure that when you put your contributions in, that you maintain tax deductibility by not taking any money out of your simple IRA. It's also important as your job grows that you increase that you increase the contributions in the job, so that they will be maximized as you go forward. This is financial advisor Patrick Munroe talking about the benefits of a simple IRA."

eHow Article: What Is a Simple IRA Account?