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Roth IRA

Tax-Free Earnings

The tax benefits for a Roth IRA are realized by earnings being tax free. Unlike a contribution to a traditional IRA, a Roth IRA contribution is made with after tax dollars and, therefore, not deductible. However, when you withdraw the money from a Roth IRA, none of it will be taxed, assuming that the Roth IRA has been open for at least five tax-years and you are older than age 59 1/2. In other words, the Roth offers tax-exempt rather than simply tax-deferred savings.

For more information on saving for retirement, contact us or Wealth Management to make sure you're on the path to financial success.

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