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Roth IRA

Roth Retirement Planning Options

  • ROTH IRA’s
  • ROTH Conversion IRA’s
  • Direct Rollover from a ROTH 401k
  • Direct Transfer from a ROTH IRA

Roth IRA

In a Roth IRA, you make contributions with money you’ve already paid taxes on (after-tax) and your money may potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met.

Tax benefits:  Federal tax-free growth, tax-free withdrawals

Eligibility (age):  None

Eligibility (income):    Must have employment compensation. Other income requirements apply

IRA maximum contribution:  $5,500 annually ($6,500 if 50 or older)

Withdrawals: No minimum required distribution during the lifetime of the original owner

The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.

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