Even though our island is facing a severe economic recession that has lasted more than 10 years, and priorities could have changed after the passage of hurricanes Irma and María last year, we can’t procrastinate our responsibility to properly plan for our individual future.
The CPA Foundation unveiled the results of a study providing suggestions for Puerto Rico’s reconstruction and long-term sustainable development that focuses on six specific pillars moving forward.
The Individual Retirement Account is a retirement savings account. However, the funds in an IRA may be used for other purposes in case of an emergency or special need and the Puerto Rico Internal Revenue Code provides for it.