Roth IRA

• Contributions are never tax deductible.
• Earnings grow tax free.
• Contributions can generally be distributed tax free at any time.
• Earnings can be distributed tax free if the Roth IRA holder first made a Roth IRA contribution at least five years ago AND one of the following events occurs:
  • Attaining age 59 ½
  • Incurred a disability
  • Purchasing a first home 
  • Death (payments to beneficiaries)
• Distributions not required to be taken by Roth IRA holders at age 70 ½.
• Contributions can be made as long as the money contributed is from earned income.
• Catch Up Contributions can be made when an individual reachs 50 years of age.

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