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Ten Reasons to Consider an IRA

With the April 15 deadline for making a 2011 IRA contribution creeping closer, it’s time to think about the Ten Reasons to Consider Speaking with a Financial Professional About Opening an IRA

PRLog - Jan. 27, 2012 - It’s the end of January and money is on the mind. People are researching opportunities for saving and investing and many are turning to financial professionals for assistance in opening, consolidating, or rolling over qualified retirement funds to an Individual Retirement Account (IRA).

Marc Ludwig, Allstate New Jersey Exclusive Agent for Egg Harbor Township, Northfield and Berlin, said that with the April 15 deadline for making a 2011 IRA contribution creeping closer, it’s time to think about the Ten Reasons to Consider Speaking with a Financial Professional About Opening an IRA or Rolling Over 401(k) Monies to an IRA:

1.   I want to leverage the tax advantages of an IRA
2.   I am over 50 years old and I’d like to utilize the “catch-up” contribution limits
3.   I had a New Year’s resolution to be fiscally fit
4.   I have already received my tax refund and would like to use that money toward my 2011 IRA contribution
5.   I am seeking additional investment options for long-term financial goals
6.   I have a new job and I am wondering how and where to rollover my lump sum distribution
7.   I am concerned about my retirement savings and relying solely on Social Security
8.   I want to learn more about retirement savings options
9.   I have inherited some money and would like to use the money to increase my retirement savings
10.   I have a child who recently graduated from college

Ludwig says that this is the right time to put dollars aside for retirement by contributing to a Traditional IRA because, if you meet the prescribed requirements, you may get an additional deduction on your taxes. If you don’t necessarily meet those requirements, then you might consider a Roth IRA, which offers tax advantages when you receive a qualified distribution.

“Many Allstate New Jersey agents are securities licensed as Personal Financial Representatives with Allstate Financial Services, LLC,” Ludwig said. “Other Allstate New Jersey agents work directly with a Personal Financial Representative who assists individuals with their financial needs. Either way, our customers have valuable access to a financial professional and can learn about the savings flexibility and investment versatility of an IRA, which could be funded with a choice of products such as mutual funds, stocks, bonds, annuities and CDs.”

As Ludwig explains, all situations are different depending on your needs, so a Personal Financial Representative can help you to determine which retirement savings account option will work best for your situation.

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Performance Marketing provides support for all marketing and management functions including strategic planning, budgeting, advertising, Internet marketing, collateral, data analysis, reporting, direct marketing, distribution management and much more.

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Source:Marc Ludgwig
Location:United States
Industry:Tax, IRA
Tags:ira, tax, april 15, irs
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