Key Benefits of a  Roth IRA

A Roth IRA may be one of the best ways for individuals to save for retirement, for one simple reason: the earnings on your investment are free from Federal income taxes as long as certain conditions are met.
Roth IRA Benefits

• Contributions can be withdrawn without taxes or penalties.
• Distributions, including capital gains, interest, and dividends are tax-free if you are at least 59 ½ and the account has been established for longer than five years.
• You can contribute after age 70 ½ as long as you have earned income.
• No minimum distribution requirements during your lifetime.
• Tax-free benefits can be passed to your beneficiaries.

You should consider a Roth IRA if:

• You want tax-free earnings.
• You are already saving for retirement with an employer-sponsored plan.
• Your income does not exceed $160,000 for married taxpayers or $95,000 for single taxpayers.
• You want to invest for retirement but may need to access your savings.