We will never ask for
your login information, do not give it out to anyone.
A Roth IRA is a tax-qualified savings account for individuals that allows the account holder to set aside money for retirement. Both earnings on the account and withdrawals after age 59 ½ are tax-free.
Costs and Considerations
Qualified distributions after reaching 59 ½
Features and Benefits
Penalty-free, qualified distribution after reaching 59 ½
Roth IRAs do not require any withdrawals
Roth Contributions can be withdrawn penalty- and tax-free at any time.
Fixed rate at 0.5%
Penalty-free distributions at age 59 ½ however, Roth IRAs require that the first
contribution be made at least five years before the first withdrawal.
There is no requirement for withdrawals during the owner’s lifetime. They can continue to grow tax free.
Beneficiaries of Roth IRAs do not owe income tax on withdrawals and can
stretch out distributions over years.