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.
Benefits
- Earnings grow tax-free
- Tax-free withdrawals
- No required minimum distributions
- Contributions are protected from creditors
- Can be set up with another retirement plan
Advantages
Eligibility |
|
2019 & 2020 Contributions |
|
Earnings |
|
Withdrawals |
|
Funding Your Account |
|