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Reliable IRA Advisor in Iowa
Luke Peterson Insurance & Financial Services in Altoona, IA, is a trusted financial advisor helping you with all your IRA questions and needs. Your individual retirement account plan seems simple enough on paper but can be complex once certain rules are applied.
We will take care of you and find a better chance for higher returns for you!
Traditional IRA
In a traditional IRA, contributions are made to the account are made before tax. This means they are tax deductible, and all transactions and earnings will have no tax impact. However, when you make the withdrawal at retirement, then it will be taxed as financial income. An IRA does allow you to purchase almost any types of investments, bonds, stocks, and much more.
Roth IRA
A Roth IRA has several advantages in its own right. The main one being that you don’t have to pay taxes on any money taken out after the age of 60. This is because contributions are made after-taxes.
All transactions taken within the IRA have no impact on taxes, and withdrawals are often tax-free! Roth IRAs are usually pretty flexible with early withdrawals from your contributions.
The income limits that come with a Roth IRA can be worked around, and that’s where we come in! We’ll help you ge the most out of your IRA!
Disclaimer
Securities offered through Brokers International Financial Services, LLC. Member SIPC. Brokers International Financial Services, LLC is not an affiliated company
This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or an exemption from registration is determined. Not all of the services referenced on this site are available in every state and through every advisor listed.
Check the background of this investment professional on FINRA's BrokerCheck.
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