What Kind Of Account Is A Roth IRA?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! A Roth IRA is an Individual retirement Account that is designed to allow you to contribute up to $5500 ($6500 if you are 50 or over) a year  for your retirement. It is an excellent vehicle for saving for your retirement, since the money that you put into it is after-tax money, making the money that you pull for retirement tax free. you can continue to contribute to this account for as long as you'd like, and there is no requirement for when, or how much, you need to withdraw from it. If you would like to discuss how this kind of account might work for you, please feel free to contact me, and I'll go over it with you. Thanks for asking!
    Answered on June 26, 2014
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