Investing with Phoenix Capital Group through an IRA

Individual Retirement Accounts (or IRAs) are designed to help individuals save for their retirements, while also providing tax benefits. In this article, we will provide an overview of IRAs, the different types of IRAs that are available, and how you can invest in Phoenix Capital Group’s 9-13% annual yield bond offerings through one of our Self-Direct IRA partners. Schedule time to talk to our team if you have questions about setting up an IRA for usage with Phoenix Capital Group investments.

What is an Individual Retirement Account?

An IRA is a type of investment account that is specifically designed for retirement savings. It is considered a tax-advantaged account, which means that contributions to the account may be tax-deductible, and the investments within the account grow tax-free. IRAs are crucial for investors looking to enhance their retirement readiness beyond what is possible through employer-sponsored plans like 401(k)s.

What are the different types of Individual Retirement Accounts?

There are two main types of IRAs, traditional and Roth, in addition to other vehicles such as a SEP-IRA (Simplified Employee Pension). A traditional IRA allows individuals to make contributions that may be tax-deductible. The money in the account grows tax-free, and when the individual withdraws the money in retirement, it is taxed as income. Traditional IRA contributions are subject to income limitations and phase out as the income increases. However, be aware that there is a 10% penalty for early withdrawal.

A Roth IRA, on the other hand, allows individuals to make contributions that are not tax-deductible. However, the money in the account grows tax-free, and when the individual withdraws the money in retirement, it is not taxed. Roth IRA contributions are subject to income limitations directly related to how much you earn. Similar to traditional IRAs, Roth IRAs also impose a 10% penalty for early withdrawal.

In addition to traditional and Roth IRAs, there are also other types of IRAs that are available, such as Simplified Employee Pension (SEP) IRA and Simple IRA. A SEP IRA is designed for self-employed individuals and small business owners and allows them to make contributions to their own and their employees’ retirement accounts. A Simple IRA is designed for small businesses, and it allows employees and employers to make contributions to the plan.

What are reasons to consider investing in Phoenix Capital Group through an IRA?

1. Tax Advantages: Traditional IRA contributions may be tax-deductible, and withdrawals in retirement are taxed at a lower rate.
2. Retirement Planning: An IRA is a great tool for retirement planning, as it allows individuals to save for their future while taking advantage of tax benefits.
3. No Age Restriction: There is no age limit for contributing to a traditional IRA, so individuals can continue to save for retirement even in their later years.
4. Rollover Options: An IRA allows for the rollover of assets from other retirement accounts, such as 401(k)s, making it easy to consolidate and manage retirement savings.
5. Compounded Interest: Investing early in life allows for compound interest to work in your favor, growing your savings over time.

How do I invest with Phoenix Capital Group using an IRA?

Investors can participate in Phoenix Capital Group’s corporate bond offerings using Self-Directed IRAs. These vehicles offer the owner control over a wider variety of investments, including Phoenix Capital Group’s corporate bonds. Setting up a self-directed IRA to invest in Phoenix Capital Group involves several steps:

1. Choose a Custodian – Speak with our team to find an approved IRA custodian that allows self-directed investments. We will ensure they handle investments in our corporate bonds.
2. Open an Account – Complete the application forms to open the new IRA. This might involve transferring funds or assets from an existing retirement account.
3. Execute a Direction of Investment – Once your account is set up, you will need to direct the custodian to purchase the Phoenix Capital Group bonds on your behalf.
4. Manage Your Investments – Regularly review your investment portfolio to ensure it aligns with your retirement goals and adjust your strategies as necessary.

The above information is for general informational purposes only, and is not intended to be investment advice. It is not a recommendation or endorsement of any specific investment or investment strategy. If you are looking to add direct exposure to oil and gas to your portfolio, join an upcoming investor webinar with Phoenix Capital Group to learn more about our bond offerings with between 9-13% annual yield.