A traditional IRA (individual retirement account) is an account that is used to save pre-tax dollars for use in retirement. An individual can open an account at several financial institutions; however, to take full advantage of nontraditional investment options, a self-directed IRA must be established. A true self-directed account is different from one that is opened at the local bank.
Funds invested in true self-directed accounts can be invested beyond the banks traditional stocks, bonds, mutual funds, or CDs. The primary benefit of a traditional IRA compared to a Roth IRA, is the contributions are made on a pre-tax basis. The IRA deposit provides a tax advantage, providing the ability to invest higher amounts of capital to fund your retirement. The funds invested within the account grow tax-deferred, meaning gains are not taxed when realized. Upon withdrawal during retirement years, the income is taxed based on ordinary income tax rates.
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He is managing partner for Crowne Equity Partners, LLC a firm specializing in B to C class multifamily apartments with 100+ units located in emerging markets. He provides the strategic vision and analytical skills to underwrite undervalued properties that provide significant returns for CEP’s private partners.
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