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Roth IRA's

A Roth IRA is an individual retirement account which allows individuals to save more for retirement tax-free!

Roth IRA:

  • After-tax contributions (already paid taxes on whatever goes in)
  • Grows tax-free
  • Withdrawals are tax-free as well
  • Participants can contribute up to $6,000/ year or $7,000/ year if over age 50
  • Anyone can participate as this is an individual account

Roth IRA's can be a great after tax savings account for people, however you cannot contribute to a Roth if you make too much money. As of 2021, the limit for singles is $140,000 and for married couples is $208,000 of income.

To find out if a Roth IRA is the best fit for you and compare investments, fees, etc.,please reach out to us to make an appointment!