Boost Your Retirement Savings with a Malta Pension Plan

Changes in US legislation have created significant tax-saving opportunities for US taxpayers saving for retirement. Tax experts are hailing the Malta Pension Plan as a new, supercharged Roth IRA. Malta Pension Plans offer substantial improvements on Roths in terms of flexibility of investments and withdrawals, as well as tax savings.

An Overview of Roth IRAs

Roth IRAs carry age-based limitations in terms of both plan contributions and withdrawals. Investors can only invest $6,000 per year in a Roth IRA if they’re younger than 50, or $7,000 per year if they’re older.

In addition, investors wishing to withdraw assets held in a Roth IRA before attaining the age of 59 ½ years are subject to a 10% early withdrawal fee and incur taxes at the normal rate.

Finally, investments in Roth IRAs must consist of cash assets.

An Overview of Malta Pension Plans

A Malta Pension Plan is, in many ways, a new and improved type of retirement plan. Malta Pension Plans offer several substantial advantages over Roth IRAs, for example:

  • With a Malta Pension Plan, investors are not subject to the same contribution caps, enabling them to make virtually unlimited contributions to their Malta Pension Plan.
  • Investors may make withdrawals from their Malta Pension Plan from the age of 50 without incurring a 10% early withdrawal fee as is the case with Roth IRAs. In addition, withdrawals made by the investor before attaining the age of 50 do not incur tax liabilities. In fact, upon reaching 50, an investor in a Malta Pension Plan can withdraw up to 30% of the plan’s assets without incurring financial penalties.
  • Unlike with Roth IRAs, investors in Malta Pension Plans may invest non-cash assets into the plan, such as securities, overseas assets, artwork, and real estate.

Malta Pension Plans therefore offer significant advantages, over both traditional IRAs and Roth IRAs, because they remove several investment and withdrawal limitations and come with substantial tax savings for US taxpayers.

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