Why Establish a Roth IRA?
The reward comes at the other end of the process, which is what makes the Roth IRA an excellent supplement to an individual's retirement nest egg. It accrues earnings on a tax-deferred basis. Even better, distributions of these earnings amounts are tax free if certain requirements are met. For Roth IRAs, contributions are not tax deductible but qualified distributions are tax free. Contributions to the Roth IRA are discretionary, so individuals can choose each year whether and when they want to fund their Roth IRA. Better still: A Roth IRA has no required minimum distributions in the account holder's lifetime.
Here we look at the Roth IRA: How it works, how to set up one and how distributions are taxed.
Just what can you invest in with a Roth IRA? And what constitutes a prohibited transaction? Here's what you need to know.
If you can only use one, invest in an individual retirement account with an immediate tax benefit.
Despite offering significant benefits Roth IRAs are often overlooked.
If you're thinking of recharacterizing your Roth IRA into a traditional IRA account, here are six compelling reasons why you should reconsider.
Considering a Roth IRA? Ask these questions first.
Learn the requirements for withdrawing funds tax and penalty free with Roth IRA distibutions.
Between its generous tax benefits at retirement and no required minimum distributions, a Roth IRA is well worth considering if you're eligible to have one.