Dear Reader, The most rewarding investments I own are the ones I’ve protected with my IRA. With no tax on IRA profits, I get to reinvest 100% of all the returns… to earn another round of tax-sheltered profits. Any way I look at it, IRA dollars are the best dollars I have. You probably feel the same way about your own IRA (or your 401k, if that’s what you have). But as John pointed out in Thoughts from the Frontline last Friday, there is a lot of potential in IRAs that investors aren’t putting to full use. They could be getting even more of the tax savings they like—which would mean even faster growth. This week we’re sending you a series of short articles to help you exploit the neglected potential for faster growth in your IRA. The series, called IRA Accelerator, was prepared by financial-planning expert, Terry Coxon. Today’s article—which you can start reading below—invites you to see your IRA as a highway leading toward greater wealth and not just a pathway to a secure retirement. To your financial enrichment, Ed D’Agostino Publisher and COO Mauldin Economics ___________________________________________ Your Individual enRichment Account Forty million Americans have IRAs, and forty million Americans love them. What makes Individual Retirement Accounts so popular for building wealth is their tax-free compounding of investment returns. IRA money grows faster. It’s stronger, more vigorous money. No Headwind Outside an IRA, the taxes you pay every year on interest, dividends and other profits work against you, like friction or wind resistance. Taxes slow things down. They hold you back. They stunt your money’s growth. But inside an IRA… [Click here to read the full article] |