All contributions to a Roth IRA and assets converted from a Traditional IRA are made with after-tax dollars. That means you don’t get to write off contributions as a deduction. But, because you’ve already paid the taxes, interest grows tax free, meaning you pay nothing when you withdraw funds from your accumulated earnings at retirement.
No annual fee or setup charges
Earnings and principal are tax free upon withdrawal
Contributions are not tax deductible
Call us for the maximum contribution limit this year
Additional “catch-up” contributions allowed for ages 50 and up
Early withdrawals of earnings are subject to penalty*
No mandatory distribution age
*Certain exceptions apply.
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