Investments that can help you build a more secure future should be an important element in any retirement plan, especially given the uncertainties now surrounding Social Security.
Save for retirement with ShariaPortfolio and get access to our broad range of halal investment options, including:
Rollover IRA
A rollover IRA is an account that allows you to move funds from your old employer-sponsored retirement plan or 401(k) into an IRA. With a rollover IRA, you can preserve the tax-deferred status of your retirement assets, without paying current taxes or early withdrawal penalties at the time of transfer. ShariaPortfolio can manage your current Rollover IRA for you.
Traditional IRA
A traditional IRA is a way to save for retirement that gives you tax advantages. Contributions you make to a traditional IRA may be fully or partially tax deductible, depending on your circumstances. Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until distributed.
Roth IRA
A Roth IRA is a special retirement account that you fund with post-tax income (This means you can’t deduct your contributions on your income taxes). Once you have done this, all future withdrawals that follow Roth IRA regulations are tax free. Roth IRAs have income eligibility limits, so if you make too much money, you can’t contribute to a Roth IRA.
SEP IRA
A SEP IRA is a type of traditional IRA for self-employed individuals or small business owners. Any business owner with one or more employees, or anyone with freelance income, can open a SEP IRA. Contributions are tax-deductible. One of the key advantages of a SEP IRA over a traditional or Roth IRA is the elevated contribution limit.
401(k)
A little-known option in many 401(k) plans is self-directed investing. A self-directed 401(k) offers participants more investment options than a standard 401(k). If your current employer offers this flexibility, then ShariaPortfolio can manage your current 401(k) for you.