Roth IRA

What are the benefits of a Roth IRA?

  • Tax-deferred, and possible tax-free earnings.
  • Tax-free withdrawals of qualified distributions.
  • Tax credit, if eligible.

Who is eligible to contibute to a Roth IRA?

  • Roth IRA Owners must have eligible compensation (generally earned income) to contribute to Roth IRA's.  In addition, Roth IRA owners whose income exceeds certain government defined limits are not eligible.  These requirements do not apply to rollover, transfer, and conversion contributions.

Are distributions from a Roth IRA ever required?

  • Roth IRA owners are not required to take distributions from their Roth IRA's.