Roth IRA
Complement your total retirement strategy
Build a Nest Egg
Create your own retirement account with after-tax income.
Get Tax Advantages
Protect your investment earnings from being taxed.
Access Your Money
Withdraw contributions penalty free at any time.
A Roth IRA provides tax-free income
Earnings are tax-free when withdrawn after the age of 59 1/2.
Roth IRA Contributions
Maximum contribution
If you're under the age of 50, you can contribute up to $6,500 per year.
Catch-up contribution
If you're age 50 or older, you can contribute up to $7,500 per year.
No tax deduction
Your contributions are made with after-tax income so they're not tax deductible.
Roth IRA Withdrawals
No minimum required distribution
If you're over the age 59 1/2 and your account has been open for 5 years, all withdrawals are tax- and penalty-free.
Withdraw without penalty
Earnings can be withdrawn tax- and penalty-free after the age of 59 1/2 and the minimum 5-year holding period since the first contribution.
Penalty for early disbursements
If you withdraw any earnings before the age of 59 1/2, there's a 10% penalty fee.