The New Direction Trust Company Blog

should i have two iras

Could It Make Sense to Have Both a Traditional ...

Today’s retirement investors have a broad variety of account and investment options. Some may browse their retirement plan options and assume that it would make sense to hold only one account. For example, when comparing Traditional IRAs to Roth IRAs, you may feel inclined to choose only one. But could it make sense to hold … Read More

five-year rule

The Five-Year Rule for Roth IRA Withdrawals

If you’re one of many investors with or considering a Roth IRA, it’s important to understand the “five-year rule” works. Below is a short explanation of how the rule affects your IRA distributions. Are you ready to open a new Roth IRA? Complete our easy online new account application in a matter of minutes! What is the Five-Year … Read More

alternative investments in a roth ira

Holding Alternative Investments in a Roth IRA

People assume retirement investments must be exchange-traded stocks, bonds, and mutual funds. Stock market volatility frequently intimidates retirement investors to the point that they simply do nothing and forego crucial retirement planning. Roth IRA account owners will be pleased to know there is an entire spectrum of alternative investments unrelated to the stock market available to them. … Read More

what is a roth ira

What is a Roth IRA?

What is a Roth IRA? Roth IRAs–passed into law in 1997–are a very popular way to save for retirement because investment earnings are tax free. With a Roth IRA, cash is contributed post tax, meaning the contribution (the amount you delegate out of your salary to put into the account each year) is made with taxable … Read More

history of the roth ira

History of the Roth IRA

History of the Roth IRA In 1971, an army veteran from Delaware named William Victor Roth began his near-30-year tenure in the United States Senate. He sought to build upon his brief stint in the House of Representatives by tenaciously pursuing tax cuts for the American people. 26 years after his first election, Senator Roth … Read More

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