Why Purchase A Roth IRA?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   You should purchase a Roth IRA if you suspect that the rate of tax on your income might be higher when you retire than it is now. You should purchase a Roth IRA if you want to have tax free income when you meet qualifying events. You should purchase a Roth IRA if you want to avoid mandatory distributions and having your distribution taxed as ordinary income. You should purchase a Roth IRA if you are young or old or want to have flexibility when you retire.

   Answered on September 25, 2014

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