A dollar invested through an IRA may return more money over time than an ordinary dollar invested in the identical underlying security. The IRA dollar is leveraged by its tax-deferred status and enables the investor to keep more money growing and multiplying over time. Investment gains made in non-retirement accounts are taxed, diminishing the total amount available to grow and compound. While there are different advantages and stipulations for a Traditional IRA vs. a Roth IRA, both offer investors a way to save more with less. Consider opening and fully funding an IRA a prerequisite for your retirement.
Mutual funds offer the benefits of a diversity of holdings and professional money management.
You want to be sure that the fund manager is experienced and that the firm has a solid track record going back at least 10 years. One company that may offer investors a real advantage is The Enterprise Group of Funds. What's more, Enterprise shareholders can diversify their accounts over different funds, managed by different subadvisors, each a recognized specialist in their area of investment expertise. Compare this approach to an investor who has an IRA with a fund family where the management team has the same investment philosophy backing its entire group of funds. With numerous funds to choose from, including both the Enterprise Internet and the Enterprise International Internet funds, Enterprise boasts a strong selection of load funds and solid fund management.