Question this week – Why is my IRA not growing?

A customer has an IRA in a local bank.  The market has been on the rise of late so why is the account not getting bigger?  It turns out that the bank had the money parked in an account which was more or less a savings account – which we all know grows only pennies over time and this one has been sitting a couple of years.  We were able to roll this IRA account over into a fund which actually will put the money to work instead of leaving it idle.

You may not know but I am a Registered Rep with Farmers Financial Solutions and access to many very well managed funds which can help you grow your wealth with Traditional and Roth IRAs, Mutual Funds, Variable Universal Life, Annuities, Variable Annuities, 401(k)s and 529 College Savings Plans.  All have very low fees.  If you have accounts which are not working for you, call me! (918)519-9841

Agency Owner - Sansone Insurance Agency - Your Farmers Agent in the Tulsa, Oklahoma area - Cell|(918)519-9841 Office|(918)615-9746

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