Retirement Planning

No matter where you are in life, Place Trade can help make a comfortable retirement a reality. We strive to provide our clients with financial security and peace of mind, and we offer a variety of retirement products for both individuals and businesses. Find out which retirement account best serves your needs by calling (919) 719-7200 or 1-800-PLACE today. Our experienced advisors are ready to help you reach your investment goals.

Our clearing firm charges $7.50 per quarter on both Traditional and Roth IRAs.  Place Trade does not charge a fee on top of that.  

Please keep in mind that some firms may say that they have no IRA fees but they may charge significantly more for an online trade or charge money on other items to make up for it.  Investors should be aware of their total trading costs rather than if they pay a fee.  At the end of the day, keeping the most of your money in your wallet is what counts.

If you hold mutual funds in an IRA at a mutual fund company (outside of our clearing firm) they may charge an annual fee.  For example; the American Funds Family charges $10 per year for IRAs.

Either way, Place Trade offers lower commissions and fees than most national firms.  We believe that our overall cost to invest is significantly lower than most other firms who offer "free" or "No Fee IRAs."

Remember; there is no such thing as a free lunch. Somebody has to pay the electric bill and the rent so, like anywhere else in life, if someone offers you something for free you can be sure that they will be making up the cost somewhere else that you may not have even thought of.  Place Trade always strives to be straightforward and honest about pricing and you can count on your experienced financial advisor to have your best interests in mind.

Who Can Open and Contribute to an IRA? 

Any individual who receives compensation (defined below) can open and fund an IRA. There are no minimum age requirements. Some self-directed IRA accounts are also brokerage accounts, which have a minimum age requirement of 18 years of age. Special waiver forms may be required to open a self directed IRA account for a person less than 18 years of age.

In order to contribute to an IRA for a given year, the participant must receive earned income or W-2 compensation during the taxable year. Compensation includes wages, salaries, professional fees, commissions, bonuses, taxable alimony, severance pay and earned income but does not include interest or dividends, rental income, deferred compensation, (i.e. pension or annuity), child support, union benefits, or unemployment compensation.

IRAs offer varied benefits, and are an effective means of sheltering money from taxes to allow tax-deferred growth over time. The specific type of IRA you choose is fiscally significant and will impact your investing method and schedule. For more information please visit www.irs.gov.

Which Retirement Account is Right for you?

Traditional IRAs

Benefit from tax-deferred growth with a Traditional IRA account. Contributions are tax-deductable, and you won’t have to pay federal income tax on any of your investment earnings until you withdraw funds from your account. Learn more about the benefits of investing through a Traditional IRA today.

Roth IRA

A different approach to retirement planning may lead you to a Roth IRA. Contributions are non-deductible, but you never have to pay taxes on earnings from investments within the Roth IRA. Pay taxes now and take non-mandatory distributions worry-free later on in life when financial security is an essential.

SEP IRA

Whether you’re self-employed or a small business owner, SEP IRAs make simplified retirement planning a reality. With higher contribution limits than Traditional and Roth IRAs, Simplified Employee Pension IRAs enable you to add to you (or your employee’s) retirement fund easily, without the complexities generally associated with business retirement plans.

SIMPLE IRA

The perfect fit for small businesses looking for a simple retirement solution that allows employee input, SIMPLE IRAs allow both employees and employers to contribute to Traditional IRAs. Minimal reporting and shared responsibility make these accounts easy to maintain. Call us to learn more about setting up a retirement plan for your employees.

Qualified Plans

Qualified Plans are ideal for established business owners who wish to offer their employees sponsored retirement plans Tax Qualified Plans provide for each employee equivalently. 401(k)s, both traditional and individual; Money Purchase Plans; and Profit Sharing Plans all allow participants to control their own accounts, and our Employee Education resources ensure that they will possess the knowledge necessary to get the most out of their retirement plans.

Rollover IRA

Our rollover specialists are prepared to identify rollover requirements for your IRA, streamline the transfer process, and respond to any questions or concerns you may have regarding rollover procedures. The path to reinvesting is often wrought with obstacles, but our knowledgeable advisors can help smooth the way for you and your financial interests.

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