Roth ira contribution limits 2019 single
According to a recent post by American IRA, the two retirement accounts might sound similar—and even share some similarities in functions—but the key differences can help shape how retirement investors plan their overall strategy.
Pointing to what the article calls "significant differences between the two," the post reveals that while a Self-Directed Roth IRA and a Roth k can be held at the same time by a retirement investor, it takes an employer to offer a Roth k for an individual investor to participate.
The post further highlighted key differences, such as contribution and income limits.
For example, there are no income limits for the k. And we dove into the specifics that really highlight why you might consider these two accounts to be wholly separate from each other, even if you can technically have both in your portfolio. According to Jim Hitt, however, the ability to self-direct a Roth IRA is a powerful way to build wealth for the long term, including the ability to invest in real estate, roth ira contribution limits 2019 single company equity, and even precious metals.
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