Roth IRA

A Roth IRA is much like a Traditional IRA. The big difference is the tax treatment. Contributions to a Roth IRA are not deductible, but your investment earnings over the years can be tax-free.

Roth IRAs allow you to invest after-tax dollars, let the investment grow tax-deferred, and take qualifying withdrawals tax-free. Roth IRAs have no age limit on those making contributions.

You can contribute:

  • At any age
  • If you have earned income from employment
  • Up to a maximum of $5,500 if your adjusted gross income is less than $122,000
  • Up to a maximum of $11,000 if you are married and filing jointly and have an adjusted gross income of less than $178,000

Increased Portability Between Plans

There is increased “portability” between retirement plans, allowing movement of money between Qualified Retirement Plans and Individual Retirement Accounts. Money can be moved from a Traditional IRA to a Roth IRA.

Withdrawal Requirements

Unlike Traditional IRAs, there is no required minimum distribution at age 70½. Your earnings can continue to grow until you need them.

Now is the time to get started. Call us today at 573.634.0888 or stop by any location to create your retirement plan.

Traditional IRA vs. ROTH IRA