Roth IRA
A Roth IRA was created to let you earn retirement money tax-free on your investments.
A Roth IRA offers:
- Tax-free growth. Don't ever pay federal taxes on your earnings, assuming you meet guidelines.
- No annual distribution requirements. You don't have to withdraw money until you're ready for retirement.
- Flexible contributions. You can keep contributing after retirement (beyond age 70 ½).
- A wide variety of investments.
Roth IRA vs. Traditional IRA
- Compare eligibility, contributions, and distribution details (PDF: 40KB) for traditional IRA's and Roth IRA's.
- Use online calculators to figure out which IRA better suits your financial needs.
