The tax deadline is coming fast, and for last-minute tax preparers, it is past due for tax exemptions and savings. “Not so,” says a U.S. Money Reserve representative. “There’s still time to save. The approach recommended by the U.S. Reserve will provide instant savings if tax preparers act fast.”
- Open a self-directed IRA retirement account before April 17, 2018. Most accounts accept liquid assets such as cash, checks, money orders, and direct deposits. A self-directed account accepts liquid assets plus physical assets such as stocks, bonds, shares, gold, silver, and metal.
- A second acceptable account to open is a spousal IRA. This account is effective when one party can deposit money into the account. Nonetheless, both parties can use the spousal IRA account to reduce taxes owed.
- Deposit money into at least one retirement account. Choose between donating to all retirement accounts, donating to half, or donating to a few. Contribute up to $6,500 depending on age.
- Use the self-directed IRA account advantageously. This creates financial diversity, which strengthens the retirement account and combats an unstable economy and inflation rise.
- It’s important that contributions go to the correct calendar. By default, the money is for 2018 to save on next year’s taxes. If savings are for this tax season, inform tellers to place this money under 2017 to receive tax savings. In fact, tax preparers can save $125 if they fall in the 25% tax bracket with a $500 deposit to an IRA account.
- Are there additional savings with an IRA account? Individuals and married couples may be eligible for a saver’s credit, which is between 10-50% of the retirement plan or a $2,000/$4,000 IRA contribution. A second saving is depositing the tax refund to an IRA account. All or some, the IRA deposit can double as a tax credit on the tax return if done by April 17, 2018.
Don’t know where to begin? Contact the U.S. Reserve and receive a Precious Metals IRA kit upon request. What is the U.S. Money Reserve? It is an Austin, TX facility housing the world’s precious metal products to secure financial futures and expand financial diversity.
PR Newswire say thanks to Phillip K. Diehl, the founder of U.S. Money Reserve, American and foreign coins and bars in gold, silver, and metal form are available for public purchase.
The kit along with valuable information from a representative will comfort customers about retirement, taxes, and financial security.
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