With a Roth IRA, you make contributions with money on which you've already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met.
- Earnings grow federally tax-free
- Tax-free withdrawals
- No minimum required distributions (MRDs) during the lifetime of the original owner
- No age limit
- Must have employment compensation
- Other income requirements apply
IRA maximum contribution
- 2013: $5,500 ($6,500 if age 50 or older)
- 2014: $5,500 ($6,500 if age 50 or older)
- A wide range of ‘no load’ mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs
Support and Guidance
- One-on-one guidance along with research and tools to help you create a long-term plan and make investment selections for the plan
Note: Information deemed accurate but not guaranteed. All investing is subject to risk, including the possible loss of the money you invest.