Roth IRA
Pay taxes now and future withdrawals are tax-free.
- No minimum to open
- Contributions grow tax-free
- An ideal savings option for those who expect to be in a higher tax bracket in the future
- No mandatory withdrawals
- No withdrawal penalty or taxation
after age 59½ - Annual contributions cannot exceed:
$6,000 (under age 50)
$7,000 (age 50 or older) - Print a Roth IRA Information Sheet