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 roth ira contribution limits 2019 single their overall strategy.
Pointing to what the article calls "significant differences between the two," the post reveals that while roth ira contribution limits 2019 single 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 pergola single post 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, private company equity, and even precious metals. The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. They do not make any recommendations to any person or entity associated with investments of any type including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms.
They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person roth ira contribution limits 2019 single entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company.