What is Roth IRA?

By | February 8, 2017

Roth IRA is a tax-protected account where you can put in your money after tax. Once the pre-tax money has been put into a Roth IRA it can growth inside without any tax concern on the gain. Roth IRA is a preferred retirement account as of following reason:

  1. No tax on the gain capital. You have no concern if in the future if the government update the tax amount policy, or your gain is above current tax bracket.
  2. You can withdraw money after 59.5 year old (retirement time).

Currently you can contribute up to $6,500 into this Roth IRA account per year.

Leave a Reply

Your email address will not be published. Required fields are marked *