3 Great Stocks for Your IRA
So, you've done yourself a favor and deposited money into your IRA.
That maximum $5,500 contribution for 2019 and $6,000 for 2020 -- plus an extra $1,000 if you're over age 50 -- is a big deal. Whether it was for the tax deduction and deferred taxable gains of a traditional IRA or the future tax-free gains of a Roth IRA (after you wait five years and reach age 59 and a half, of course), that contribution will yield rich rewards down the road.
Deciding to forego cash-in-hand now and making a deposit is one thing, but you still have to decide on where to invest. For my deposits, I favor growth stocks with a long runway ahead of them and little to no need for "babysitting." Three options that could be great for your IRA are salesforce.com (NYSE: CRM), Visa (NYSE: V), and Alibaba (NYSE: BABA). Let's take a closer look and see why they work so well for an Individual Retirement Account.
Source Fool.com
