The DAK Financial Podcast, Episode 2 - The Nature of an IRA
Here at DAK Financial Group, we want you to understand how things work. Today, we're talking about the nature of an IRA and why you should be more familiar with how it works.
Other things we talk about in this episode
Individual retirement account – federal government giving you a tax deduction on your income tax return.
Shifting priorities when it comes to IRAs
American industry is reliant on stocks and mutual funds which are risky
Put your monies in something that protects your money and helps you earn money over time
Recommending a fixed index annuity with an IRA
They are contractually guaranteed by the assurer - the principal is protected
Questions to ask yourself
1. Do you have an IRA?
2. Do you understand how your money is being protected?