What is Roth IRA?

By | February 8, 2017

Roth IRA is a tax-protected or tax-free growth 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).

What is Roth IRA

Currently you can contribute up to $6,500 into this Roth IRA account per year. You can contribute to a Roth IRA at any age as long as you have earned income from a job (full or part time). That means they are appropriate for employees from developer to septuagenarian IKEA greeters

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