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Roth IRAs
Open a Roth IRA today to help reach your retirement goals.
Shop around and compare Roth IRA investment options to see which one is best for your financial situation. Roth IRAs are a special type of individual retirement account (IRA) in which contributions into the IRA are made with after-tax dollars but the distributions from the Roth IRA are tax-free so long as certain requirements are met. All earnings within the Roth IRA are free of taxation in contrast to a conventional IRA. The main requirement for this tax-free status on distributions is that the holding period and age requirements are met.
A Roth IRA is a special type of individual retirement account in which a person can contribute after-tax income (vs. pre-tax income in a conventional IRA) up to a specified amount each year. The earnings and returns from the investments in a Roth IRA account are tax-free and tax-free withdrawals may be made at the designated age. Roth IRAs provide certain advantages over conventional IRAs, for example, the requirements and restrictions on withdrawls are fewer so the person with the Roth IRA has more flexbility. Also, since the investment returns are not subject to taxation, the real value of investment returns in a Roth IRA can be substantial.