New Direction IRA Explains How Tax Day Deadlines Affect IRA Investing

New Direction IRA, Inc. (NDIRA) reminded account holders today, April 15, that although they must make contributions to their retirement accounts without tax consequence by the end of the day, they can still invest their accounts throughout the year.

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The deadline to make contributions to your retirement account is April 15 but you can invest those funds year-round.

Louisville, Colorado (PRWEB) April 15, 2014

New Direction IRA, Inc. (NDIRA), an IRA and HSA provider, reminded account holders today, April 15, that although they must make contributions to their retirement accounts without tax consequence by the end of the day, they can still invest their accounts throughout the year.

Contributions for the previous year can be made up until tax day, or the day in which federal and state tax returns are due, which typically falls on April 15. There is no extension to open or contribute to a retirement account.

The amount of money one can contribute to their retirement account varies depending on the account type. For instance, the contribution limit for a Traditional IRA for 2013 is $5,500 for filer under 50 and $6,500 for those over 50.

New Direction IRA CEO Bill Humphrey said contributing the maximum amount to your retirement account every year allows you to then maximize your investment opportunities.

“The more money you supply these tax-free and tax-deferred accounts,” Humphrey said, “the more you’ll be able to do with them. You’re IRA or 401(k) can buy real estate, precious metals, invest in companies, buy stock and much more.”

“But you can’t get the tax advantages on these investments unless you contribute on time,” Humphrey added.

As Humphrey noted, IRAs, HSAs and other retirement accounts can invest in alternative assets like real estate, precious metals, private equity, issue loans and more. By opening a plan with a self-directed IRA (SDIRA) provider, the suite of investment opportunities grows beyond publicly-traded investments like stocks, bonds and mutual funds.

“We offer workshops, classes, webinars and educational materials on account types, how to maximize contributions and how to invest those contributions in alternative assets,” Humphrey said.

New Direction IRA provides industry-best technology and client support to help get your retirement savings invested in any allowable asset type. The first step, Humphrey said, is opening an account and contributing before the deadline.

If you’d like more information self-directed IRAs, New Direction IRA offers extensive educational resources on its website, http://www.newdirectionira.com. You can check in with an IRA expert via webinar, live workshop or by calling a client representative to discuss your retirement strategy.

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New Direction IRA is a trusted provider of investor education and record keeping services for self-directed IRA and precious metals IRA holders. Since its inception in 2003, New Direction IRA has been at the forefront of the self-directed retirement investment market. The company enables individual investors to take control of and diversify their tax-advantaged retirement funds using alternative asset opportunities such as real estate, precious metals, LLCs, notes and lending, and more. Headquartered in Louisville, Colorado, New Direction IRA administers more than $700M in assets on behalf of over 8,300 account holders. Visit the website at http://www.newdirectionira.com.

DISCLAIMER: New Direction IRA, Inc. does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or other similar expert assistance is required, the services of a competent professional should be sought. CIRCULAR 230 NOTICE: As required by U.S. Treasury rules, we inform you that if any Federal tax advice is contained in this (in spite of our best efforts not to provide any tax advice), it is not intended or written to be used, and cannot be used, by any person (1) for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service, or (2) to promote, market, or recommend to another party any matter addressed herein.


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