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Managing An IRA

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What Is a Roth IRA?

A Roth IRA is a special retirement account where you pay taxes on money going into your account and then all future withdrawals are tax free. Océan Cast 8010 Brandungsrolle Coulée Longue Distance

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Roth IRAs are best when you think your taxes will be higher in retirement than they are right now. They can be especially good for young savers or in years when you don't have much other income. Ocean Crewman Waterproof Bib and Brace (Fishing Commercial Fishing Work wear)

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You can't contribute to a Roth IRA if you make too much money. For singles, this starts at $118,000. For married couples, it is $184,000. Oceanic Aeris Hollis Shearwater Tusa scuba Dive Wireless Computer Transmitter

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Generally $5,500 a year unless you are over 50 in which case it goes up to $6,500. Oceanic OCi Wireless Dive Watch Computer - Watch Only For Scuba Diving

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Almost all brokerage firms will offer a Roth IRA. You should consider a brokerage like Fidelity or E*Trade that offer low-cost funds. "Lifecycle" funds that automatically rebalance and adjust over time are especially good for Roth IRAs. Oceanic VTX OLED Scuba Computer - Receiver Only

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