Photo Credit: courtesy
Doug Goldstein

Managing retirement funds doesn’t need to be confusing or overwhelming. Rolling over a 401K into an IRA (individual retirement account) frequently makes it easier for the client.

I am often asked for tips on what investments should be inside of an IRA account. Here’s what I tell folks:

  • Depending on your situation, you can have stocks, bonds, ETFS, mutual funds in the account
  • High-dividend positions may be tax advantageous
  • Tax-deferred growth is a positive… unless your stock drops in value and you lose the opportunity for a write-off
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Don’t forget to make sure you take your required minimum distributions as required to avoid penalty payments.

For other tips on how to invest and manage your IRA accounts, listen now!

The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes and contact details of the guest, go to https://goldsteinongelt.com/radio-show

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com