The 1 Stock You've Been Overlooking for Your IRA
Got some idle cash in your individual retirement account you're ready to put to work, but worried about finding the ideal pick? You're not alone. Most investors view (and treat) their tax-deferring retirement accounts differently from their brokerage accounts, and rightly so.
The former doesn't incur any tax liability as an investment's value grows (or generates income), while the latter does. The latter, however, gives you a chance to offset any tax liabilities with an investment loss. There's also the not-so-small reality that the annual contribution you can make to an IRA is capped, while no such limit applies to a traditional brokerage account. It can all be a bit tricky.
Fear not. If you're ready to make a purchase within your individual retirement account, JPMorgan Chase (NYSE: JPM) is an often overlooked option that's well suited for the job. Here's why -- and note that the same basic reasoning applies just as well to a handful of other, similarly overlooked names.
Source Fool.com
