Smart Retirement Planning
The BLUE DIAMOND Group serves the needs of individuals, small businesses and foundations by offering a comprehensive range of services including:
- Individual Retirement Accounts and IRA rollovers
- Roth IRAs and conversions
- Simplified Employee Pensions
- SIMPLE plans for small business
- Review, design and implementation of 401 (k), 403 (b), pension and profit-sharing plans
Traditional IRA
A Traditional IRA is an individual retirement account (IRA) in the United States. The IRA is held at a custodian institution such as a bank or brokerage, and may be invested in anything that the custodian allows (for instance, a bank may allow certificates of deposit, and a brokerage may allow stocks and bonds). Unlike the Roth IRA, the only criterion for being eligible to contribute to a Traditional IRA is sufficient income to make the contribution.
Roth IRA
Individual Retirement Arrangements created by the Taxpayer Relief Act of 1997 permitting account holders to allow their capital to accumulate tax free under certain conditions.
Assets inside Roth IRAs can be invested in stocks, bonds, bank instruments like CDs and money market accounts, like regular IRAs.
