Tax deductibility within a Traditional IRA offers immediate tax benefits in the current year. Combined with an option to invest pre-tax dollars, you can enjoy more accumulations compared to an after-tax IRA. You will, of course, pay taxes upon withdrawal, when you may be in a lower tax bracket.Your deduction may be limited if you (or your spouse, if you are married) are participating in an employer-based retirement plan and your income exceeds certain levels.
Your retirement money can grow tax-deferred, so you'll pay taxes on distributions of principal and earnings in retirement, when you may be in a lower tax bracket. You'll also receive a deduction on your taxes for the tax year of your contribution, based on IRS rules. Please consult with your tax advisor about your individual circumstances.
Employees with compensation income and self-employed individuals with earned income are still eligible to contribute to a Traditional IRA.
You may be able to withdraw funds to pay for first home buying expenses or an eligible emergency without federal tax penalty. Check with your tax advisor for your circumstances.
Rollovers can be made every 12 months, and have to be completed within 60 days after distribution. However, direct transfers between trustees are unlimited. Learn more about Roth IRAs.
This decision 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 the many 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