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Managing An IRA

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FAQ

What Is a Roth IRA?

A Roth IRA is a special retirement account where you pay taxes on money going into your account and then all future withdrawals are tax free. Allen Edmonds Men's shoes Wilbert Comfort shoes Brown 9 D (132)

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Roth IRAs are best when you think your taxes will be higher in retirement than they are right now. They can be especially good for young savers or in years when you don't have much other income. Ana Lublin LILLEMOR women black 73373

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You can't contribute to a Roth IRA if you make too much money. For singles, this starts at $118,000. For married couples, it is $184,000. ANTONIO MELANI shoes Womens Size 6.5 Leather Slip-on MULES Slides Green

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Generally $5,500 a year unless you are over 50 in which case it goes up to $6,500. Women's The North Face Hiking shoes Athletic Closed Toe Sandals Beige Brown Sz 8

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Almost all brokerage firms will offer a Roth IRA. You should consider a brokerage like Fidelity or E*Trade that offer low-cost funds. "Lifecycle" funds that automatically rebalance and adjust over time are especially good for Roth IRAs. ALDO Men's Knaggs color Cognac Bronze Oxfords Size 13

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