Many people pledge each New Year to set aside more funds to provide for a secure retirement.
According to the Federal Trade Commission, investors are receiving misleading sales pitches for specific IRA investments via the telephone, the mail and the Internet. That is not the case. Many consumers are confused by the role of the IRS when it comes to IRAs. The IRS issues letters to IRA sponsors, trustees and custodians certifying that they are in compliance with requirements concerning investor rights, account administration, and standards that allow contributions to be deductible. While many investment offers are legitimate, the BBB advises consumers to carefully examine each one before committing to anything.