With a Roth IRA (Individual Retirement Account), you save and grow your retirement investments tax-deferred, and pay no tax on the withdrawals after you retire. And there are no age requirements for withdrawals and contributions.? But unlike a Traditional IRA, you will pay income tax on your annual contribution. ??
- No age limitation.?You can make contributions throughout your life as long as you have earned income below certain IRS-defined limits.?
- After-tax contributions. You pay regular income tax on the money you put in.?
- Tax-free withdrawals. You pay no federal income tax when you take qualified withdrawals and have had the account for five years. If you are under 59?, you will have to pay a 10% early withdrawal penalty on the earnings?unless you qualify for an IRS exception.?
- Penalty-free withdrawals.?You can withdraw contributions (not earnings) tax- and penalty-free before age 59?.
- Maximum contributions. In tax year 2019, the most you can contribute yearly is $6,000; $7,000 if you are age 50 or older.?
- Leave it as an inheritance. You never have to withdraw your money. You can even leave it to your heirs for an income tax-free inheritance (there may be estate taxes).
- First-time homebuyer’s exemption. After five years, first time homebuyers can withdraw up to $10,000 tax-free and penalty-free for qualified expenses. ??
With one phone call, you can open any kind of IRA account. And get all kinds of help.?
IRA Mutual Fund
Using just one IRA account, you can access mutual funds from many of the best known investment firms.
Four globally diversified, managed portfolios to match your investment goals.
Traded Funds (ETF)
Four globally diversified, managed portfolios to match your investment goals. ?
Hi, there. You can open an IRA right now, and I can walk you through the details as we go.
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