Roth IRA's

A Roth IRA is an individual retirement account that 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 IRAs 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!