There are no age limits to make contributions.Your contributions will grow tax deferred.If your income exceeds certain ranges set by the IRS, you will not be able to contribute.Roth IRA contributions are not tax deductible, so they don’t provide any immediate tax benefits in the current year.
Your money grows tax-free. Taxes are paid only on the money you contributed in the year you earn it. No taxes will ever be paid on the profits made in the account when taking qualified distributions, assuming you meet the requirements for both age and length of time the account was open.
Money can grow tax-deferred with the option of pre-tax dollar investment.
You can rollover contributions from other retirement plans once every 12 months in addition to your annual contributions, allowing you to streamline the management of your retirement assets. However, you have to pay taxes on the amount you rollover if that investment was made with pre-tax dollars.
There are no income taxes due on inherited Roth IRAs. If you transfer your Roth IRA to your heirs, their withdrawals will also be income tax-free.
This is where the real benefit lies. The words "withdrawal" or "distribution" may be used interchangabley to describe when you take money out of an IRA account. A Roth IRA may be a good option for you if you plan to or expect to be in a high tax bracket in the future.
Making the right decision for you depends on your specific financial situation and retirement goals. Each type of IRA account offers certain features suited to different needs of individuals. We are here to help if you need a better understanding of Roth IRA or any other types of IRA accounts to make a more informed decision.
Give us a call at 877-417-6161 to make an appointment.
The Fund invests in foreign securities, which involve greater volatility and political, economic, and currency risks and differences in accounting methods. It is possible that the Islamic Shari’ah restrictions placed on investments and reflected in the main investment strategies may result in the Fund not performing as well as mutual funds not subject to such restrictions.
Past performance is not indicative of future results.
Diversification does not assure a profit or protect against a loss in a declining market.
The Fund is not available for sale to investors residing outside the United States.
The prospectus contains more complete information, including risks, fees, and expenses related to an ongoing investment in the Fund. You may also receive the prospectus or summary prospectus by calling (877) 417-6161. Please read the prospectus carefully before you invest or send money.
While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.
Allied Asset Advisors, LLC, an SEC registered investment advisor, is advisor to Iman Fund.
Iman Fund is distributed by Quasar Distributors, LLC.
The Iman FundAllied Asset Advisors, Inc.8925 S. Kostner AvenueHometown, IL 60456
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Call: (877) 417-6161 Office: (630) 789-0453 Fax: (630) 789-9455