An IRA is a tax-advantaged tool for individuals to set aside earnings for their retirement.
Investments in IRAs include stocks, bonds, ETFs, mutual funds and a range of other investment vehicles.
To put it in simple terms, contributions to traditional IRAs are tax-deductible. If you have $6,000, for example, and put it into an IRA, your taxable income decreases per the amount you put in. But when you withdraw from that specific account during retirement, the withdrawal is taxed at an ordinary income tax rate.
SEP stands for simplified employee pension and is best for the likes of independent contractors, self-employed individuals and small business owners. It has the same taxation rules for withdrawals as traditional IRAs.
SIMPLE stands for ‘savings incentive match plan for employees.’ A SIMPLE IRA is usually taken by self-employed individuals and small businesses. It has the same taxation rules as a traditional IRA. While an employer can match the contributions in a SIMPLE IRA, they may not do so in a SEP IRA.
If your spouse inherits your IRA, they may:
Ask your advisor for more details.
At Cross Border Wealth, we offer strategic and tactical asset allocation and provide a range of investment solutions. We cater to your needs and preferences and tailor all our services to your expectations. Wherever in the world you are, we’ve got your back.
Our Approach: How We Partner With Clients
In today’s complex market and regulatory environment, we understand the continued need for innovative investment solutions and implementation expertise.
Deep bench of expertise
We draw on specialized experts including actuaries, risk managers and strategists. We also engage investment professionals spanning asset classes, including credit and rates teams with, on average, over a decade of experience.1
Strategic insights and knowledge transfer
We address our clients’ key challenges and provide timely insights on a variety of topics relevant to the pension landscape, including real-time viewpoints on market and regulatory changes, liability management perspectives and corporate finance.
Holistic implementation approach
We take a holistic approach to portfolio management and provide tailored investment strategies, with a highly curated investment approach and fiduciary mindset.
Extensive risk management
To directly align our investment process with a client's objectives, we leverage sophisticated analytics and dynamic portfolio monitoring that provide our clients with oversight throughout the investment process.
Plan-specific considerations, including:
Bespoke portfolio solutions through:
Portfolio solutions, utilizing a proprietary, fully integrated risk management system, including:
Examples of Our Partnership with Clients
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