Roth IRA

Complement your total retirement strategy


A Roth IRA provides tax-free income

Earnings are tax-free when withdrawn after the age of 59 1/2.

  • You can participate at any age
  • The income you contribute must be earned the same year you make the contribution
  • Modified adjust gross income requirements vary from year to year

Roth IRA Contributions

Maximum contribution

If you're under the age of 50, you can contribute up to $6,500 per year.

Catch-up contribution

If you're age 50 or older, you can contribute up to $7,500 per year.

No tax deduction

Your contributions are made with after-tax income so they're not tax deductible.

Roth IRA Withdrawals

No minimum required distribution

If you're over the age 59 1/2 and your account has been open for 5 years, all withdrawals are tax- and penalty-free.

Withdraw without penalty

Earnings can be withdrawn tax- and penalty-free after the age of 59 1/2 and the minimum 5-year holding period since the first contribution.

Penalty for early disbursements

If you withdraw any earnings before the age of 59 1/2, there's a 10% penalty fee.

Not sure where to start? Let us help you down the path to successful retirement.


A few financial insights for your life

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