Trying to understand all the terminology of investing, and which company’s offer what can not only be confusing, but quite overwhelming. Some company’s offer higher returns compared to others. But if you look at all the fees, it isn’t always worth it in the end.
So what makes GuidedChoice (www.guidedchoice.com) stand out when it comes to Managed IRA’s? First, let’s understand what a Managed IRA is.
Benefits of Guided Choice IRAs
An IRA is an individual retirement account meant to earn money towards their retirement savings. A Managed IRA means you have a company that essentially is doing the work for you. The account is tailored to your needs, rather than multiple holders (i.e. mutual funds). A managed account also can be for either individuals or small businesses.
GuidedChoice prides itself on being a completely transparent company that provides its customers with all-inclusive pricing – no hidden fees, ever. Not only that, GuidedChoice’s Managed IRA’s are suited to what you need. This becomes especially important with an IRA for an individual.
GuidedChoice also offers variety to their customers. Induvial Managed IRA’s have four different solutions:
- SIMPLE – meant to be as easy possible from opening to maintaining.
- Traditional
- Roth – this option is flexible with tax-free growth.
- SEP – more meant for small business owners, but can be used for an individual.
If you are looking for an IRA for a small business, GuidedChoice has three solutions:
- SIMPLE
- SEP (Simplified Employee Pension)
- Payroll Deduction IRAs
It is great to see so many options available through GuidedChoice for both small businesses and individuals. But what features does the company offer to make them stand out?
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In our digital world, having access to your account, or even setting your account up altogether online is essential. GuidedChoice allows you to do just that at your computer in your home. Even if you are rolling over a pre-existing account, it takes minutes to get the ball rolling on your new IRA. It’s as simple as selecting which type of IRA you want, inputting the required information and clicking confirm.
GuidedChoice will be with you for the whole process. From the moment you enter the website, through the process of setting your account up, they have a concierge service to guide you through the process. Their goal is to make sure your Managed IRA suits your needs to make you as much money as possible.
Sometimes investing can be frustrating. GuidedChoice wants to remove any frustration you may have and make your Managed IRA run smoothly. That is why they have automatic rebalancing. Your account is continuously monitored to ensure you are on track. If things start to slip, GuidedChoice’s automatic rebalancing will adjust and rebalance the account to keep you on your path.
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Final Thoughts on Guided Choice IRAs
If you are worried about the costs of having a Managed IRA, GuidedChoice has made their accounts as affordable as possible. Starting with the minimum balance – which is none. There is no required minimum balance needed (there is a $50 with a balance under $50,000 though). Their yearly fees stay at a reasonable rate which allows you to start saving at any age.