Watch Out for Increased Capital Gains Rate
Are you aware that the government is considering changing the capital gains rate on wealthy individuals from 15% to 35%? So if you are an active investor and have an opportunity to take advantage of capital gains rates that are currently lower than most investors’ normal tax bracket, now is the time to plan for your future. Your retirement plan is deferred, meaning that you can use your IRA for investments that you would have in your regular portfolio and defer the tax until you are ready to take out distributions—or at age 70 ½, when you are required by law to start taking distributions.
And even better, if your investments are in a Roth IRA, the distributions are totally tax free! Confused? Want more information? Contact your local Entrust office. Entrust’s professionals understand the laws that are pending and can help you get started with a self-directed IRA today. Visit www.theentrustgroup.com for more information or to locate an office near you.