Consider the benefits of IRA if you have plans to retire abroad.

The Benefits of Opening an Individual Retirement Account (IRA)

Written by Leandro Reyes on .

            An IRA is an investment tool for U.S. citizens so they may save and grow funds for their retirement. It’s similar to a 401k retirement plan in as much as both offer tax advantages to the account holder.

            A 401k plan is mostly employer-sponsored plan, while anyone can avail of an IRA plan regardless if the person is employed by a company or self-employed.

3 Great Reasons to Consider Getting an IRA

TYPES OF IRA

            It’s important that you supplement your retirement plan. Recent studies have shown that because of several financial factors, pensions and 401k plans may not be enough to sustain you when you reach your retirement. Growing several investment plans now will definitely help you reach your retirement financial goals, especially if you plan to retire in another country.

            Having an IRA is worth considering to enjoy your life to the fullest. However, if you have decided to retire in a foreign country and you’re considering to make another investment, you should have an online account for you to make international remittance worldwide

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