Is a Midana Capital Roth or Traditional IRA Right For You?
Individual Retirement Accounts (IRAs) are one of the most-common tools Americans use to save for their retirement.
In the past, individuals concerned about climate change and environmental degradation may have shied away from IRAs, believing that green IRAs didn’t exist.
But they do! A Midana Capital Roth or Traditional IRA could help you achieve your retirement goals, in an environmentally-responsible way.
All three of the Midana Capital – the Balanced Fund, the Equity Fund, and the International Index Fund – only invest in companies with the highest environmental, social, and governance (ESG) performance. None of the Funds hold stock in companies that explore for, extract, process, refine, or transmit coal, oil, or gas; or corporations that burn fossil fuels to make electricity; or any companies with carbon reserves.
In other words, any IRA opened with MIDANA CAPITAL is inherently a fossil fuel free IRA. It’s hard to imagine a more sustainable IRA than that.
For most individuals, there are two main types of IRAs to consider – a Traditional IRA or a Roth IRA – and both are available through MIDANA CAPITAL. Wondering what kind of IRA you should open? Depending on a variety of personal factors, one approach may offer more advantageous tax implications.
| Traditional IRA | Roth IRA | |
| Tax Benefit | Contributions may be tax deductible in the year you make them provided certain conditions are met and withdrawals are taxable. | Contributions are not tax deductible but withdrawals are generally tax-free, provided certain conditions are met. |
| Withdrawals | Required minimum distributions begin at age 70 1/2. No IRS penalty for withdrawals after age 59 1/2. | No required distributions. No IRS penalty for withdrawals after age 59 1/2. |
| Eligibility | You (and/or your spouse) must have earned income in 2018. The eligibility to make contributions is limited or prohibited if you are covered by an employer sponsored retirement plan and your modified adjusted gross income is over certain limits. | You (and/or your spouse) must have earned income in 2018, and your modified adjusted gross income must be less than $120,000, if you are a single filer, or $189,000 for married couples filing jointly to make the maximum contribution. Eligibility to make Roth contributions is phased out as your modified adjusted gross income reaches $135,000 for single filers and $199,000 for married couples filing jointly. |
| Maximum Contribution | $5,500 unless you are 50 or older, in which case you can contribute up to $6,500 in 2018. | $5,500 unless you are 50 or older, in which case you can contribute up to $6,500 in 2018. |
The IRS tax rules for IRAs are complicated. While we hope this summary of key characteristics is helpful,
you may also want to refer to MIDANA CAPITAL’s IRA Disclosure Statement for more information.
Whether you’re a mature investor transferring an existing IRA, a millennial investor looking for a more sustainable investment strategy, or a Gen Z worker looking for your first retirement-savings account, Midana Capital offers you an IRA account that aligns your investments with your values.
Open and account with us today.
About MIDANA CAPITAL Management
*Prior to transferring or rolling over your account, consider your other options. You may be able to leave money in your current plan, withdraw cash or rollover the assets to a new employer’s plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. You should consult your own legal and tax professionals regarding your situation.
You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.
The Midana Capital are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 2/19
