1 Stock to Review for Your IRA

(Individual Retirement Account).

  1 Stock to Review for Your IRA (Individual Retirement Account). Known as a solid investment no matter how or where you own it, JP Morgan Chase makes the most of the unique features of a retirement account. Do you have some empty cash in your IRA that you're ready to work on but worried about finding the ideal choice? Rightly so, most investors view (and value) tax-deferred retirement accounts differently than brokerage accounts. The former does not face any tax liability as the value of an investment increases, while the latter does. But the latter gives you a chance to offset any tax liability with a loss of investment. Also, the annual contribution to an IRA is limited, and no such limit applies to a traditional brokerage account. Making a purchase in an individual retirement account JP Morgan Chase (NYSE:JPM) is an often overlooked option and a very viable option for business.

Reasons why JP Morgan is an excellent IRA choice.

Here are three reasons that make this choice perfect, according to the IRA.

• 1-It's a proven name in a proven business.

If you take a loss on a retirement account, it reduces the total value of that account. Therefore, rather than a risk-taking account, preference should be given to places that need to stick to stocks that are known not to be prone to permanently depreciation. In short, JP Morgan Chase is an incredibly consistent winner.

• 2- Dividend growth is staggering

Although what is not easily indicated by the dividend yield alone is how quickly the quarterly dividend payout is growing. Investors holding JP Morgan in an IRA have both collected the dividend cash tax-free and have the opportunity to use it to buy more JP Morgan stock or make other investments.

• 3-It's a growth stock in disguise

In short, it's a stock for investors who want to lock in long-term gains in a tax-deferred retirement account they can do with confidence without worrying about the tax consequences, It is JP Morgan Chase.

Think strategically

A solid holding no matter where it is held. And here's some really good news for you: JP Morgan Chase is a stock that can answer them all. Definitely worth the hunt.  

Source: The Motley Fool

 

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