The recent blog by American IRA, "Should I Withdraw Money from Retirement Accounts to Invest?" provides a lot of good information about the consequences of withdrawing retirement funds for investing. It also provides an interesting option.
Charlotte, NC (PRWEB) July 17, 2014
The recent blog by American IRA, "Should I Withdraw Money from Retirement Accounts to Invest?" provides a lot of good information about the consequences of withdrawing retirement funds for investing. It also provides an interesting option, a Self-Directed IRA, that allows people to keep their funds in their IRA and still use them to invest.
This blog gets to the information in an easy to read and concise way. Listen, there are times when it might be a good idea to withdraw funds for investing. Still, more often than not, the early withdrawal penalty coupled with the income tax liability outweigh the profit margin on investments. It is this very fact that is discussed in this recent blog.
What does all this mean? Simple, if an investor is looking for current income and the profit margin on the investment is much greater than the early withdrawal fees/income tax liability then it may be worth it to withdraw funds from retirement accounts. Keeping in mind the comparison of the overall earnings of the investment vs. the overall earnings that the money would have gained in the retirement account.
Now, the blog goes even further, by letting readers know there is a tool called, Self-Directed IRA, that allows people to use their retirement accounts to invest by purchasing assets within their retirement account.
Click here to read more and learn about the tax-free/tax-deferred power of investing with a Self-Directed IRA.
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