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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. Office ZPI Medium spool for Reel Daiwa NRC001M-LB.

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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. Official Adidas 2016 2017 Real Madrid Kids Junior Boys Away Football Kit Shirt

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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. Official Bordeaux Football Away Shirt Jersey Tee Top 2018 19 Kids PUMA

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Generally $5,500 a year unless you are over 50 in which case it goes up to $6,500. Official Ducati Corse Carbon Style Cap - 18 46001

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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. Official ICC Champions Trophy 2017 New Zealand Men's Polo (Embroidered Logo)

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