Individual Retirement Account (IRA)

Could an IRA be the right solution for you?

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Our reputation is built by winning trust, but also delivering on our promises. We love working closely with our expat clients, giving sound financial planning advice to leverage wealth and help grow their investment portfolios.

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What is an IRA?

An IRA is an Individual Retirement Account. It is a private retirement plan set up at a financial institution and it is possible to contribute earned income into it. It is a great way to save and grow funds for retirement purposes. There are rules and penalties regarding withdrawals before reaching 59 ½ years of age.

Why Use an IRA?

IRAs are used to provide extra income in retirement. It is possible for American Expats to open new IRA and Roth IRA accounts while living abroad. We can then create a tax-efficient strategy to consolidate old plans into a new one. It is also possible to convert the IRA into a Roth IRA over time in order to lower the yearly tax burden and create tax free income.

Benefits of an IRA

There are 2 kinds of IRA. The traditional IRA and the Roth IRA. The traditional IRA contribution reduces your taxable income for the year contributed and withdrawals will be taxed. The Roth IRA contribution is made after-tax and does not reduce your taxable income but the withdrawals are tax-free forever. Both types of Retirement plans are growing tax-deferred.

Why Harrison Brook

At Harrison Brook USA, we have the knowledge and experience to give you holistic financial advice as an American expat. As a team of advisors we have years of experience in Europe and in the USA advising Americans with their investments.

How Do You Get an IRA?

An IRA rollover is a direct transfer of funds from one US custodian to another. There is no tax implication since the funds never go directly to you. It is possible to consolidate multiple plans (401K,IRA,403B) into one IRA. It is important to mention that you can also rollover funds to a Roth IRA.

What Our Customers Say

Don't just take our word for it, here's what some of our clients have to say.

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Testimonials

  • "I found my personal private client adviser Ryan Frost to be very efficient, knowledgeable and helpful. I will not hesitate to recommend his services to others."

  • "Prompt reliable and expert help when needed.Transparent disclosure of all the costs involved. Friendly and efficient service I would highly recommend."

  • "Sound advice in difficult times. Acceptable prices when compared with alternatives. Regular contact and updates in clear understandable form."

  • "I would definitely recommend Harrison Brook to other people. My experience in working with our financial advisor was extremely positive. Speed of response and the level of attention to our needs and requests was great. Administration support was flawless."

  • "Excellent customer service all the way through, professional, proactive, patient in answering all my questions, immediate answer to emails, great follow up and communication, deep legal knowledge and legal experience in the field, all of which helped in having my pension transferred in a faster amount of time than normal. I’ve rarely received such swift and excellent customer service before. The whole complex pension transfer experience could have been heavy and stressful, but instead it was the whole opposite."

  • "It's a nerve-wracking thing to entrust your life savings to a person and company you have never met before. Ryan made the process easy. It was calm, I felt in control and was able to asks and get answers to all the questions I had. I am now all set up with my International SIPP and couldn't be happier."

Harrison Brook has a 5 star independent service rating on Feefo

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