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Why Roth IRA

Setting Up Your Roth IRA

Roth IRA Rules

The Roth IRA has to follow the same rules as a Traditional IRA except :

  1. The Account or annuity must be designated as a Roth IRA when it is set up.

  2. You can leave amounts in your Roth IRA as long as you live

  3. You can make contributions to your Roth IRA after you reach the age of 70½

  4. If you satisfy the requirements, qualified distributions are tax free!

  5. You can't deduct contributions to a Roth IRA

Publication 590 is the IRS details sheet for the Roth IRA.

The IRS term is an Individual Retirement Arrangement.



Disclaimer: Before you make an investment get legal or professional advice.