Roth IRA

Roth IRA Guidelines: Tax Free Income during Retirement years. Withdrawals/Distributions are Tax-Free at 59 1/2 years-old and beyond (or if disabled). Withdrawal of contributions is allowed at any age, tax-free and penalty-free.

Okay to withdraw $10,000 penalty-free for the purchase of a first home; unlimited for education expenses, and unreimbursed medical costs.

Assets can be passed on to heirs, and heirs pay no income tax on inherited Roth IRAs.

No "required minimum distributions" based on age (no 70 1/2 RMDs).

Distributions from a Roth IRA do NOT increase your Adjusted Gross Income (AGI); and do not affect the calculation of allowable social security benefits.

Contributions are NOT tax-deductible.

No minimum age limit to participate; but must have income to be eligible to make contributions.

Contributions may be made to a Roth IRA even if the owner participates in a qualified plan such as a 401K or 403B.

No annual tax liability for capital gains, dividends, and interest within the account; assets can grow with compounding interest tax-free.

Mutual Funds, Stocks, Bonds, ETF's, and many other securities allowed.

Contribution Limit = $5,500 per year; or $6,500 if age 50 by December-31st. Contributions can be made for the previous year up to the April 15th tax filing deadline.

Max income to participate (single): $127,000 / Max income (married): $188,000.

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Step 1: Enter some basic information on the 'Contact Us' page.

Step 2: Complete a 10-minute telephone interview to discuss your financial situation, time-frame, goals and objectives; with no obligation, we'll answer any questions you may have, and go from there.