11|15|2018

3 Keys to a ROTH IRA

Even though ROTH IRAs have been around since 1997, many people still do not utilize this valuable option. Here are three key reasons you should consider a ROTH IRA:

    • While ROTHs do not provide for current tax deductibility, earnings do grow tax deferred and once qualified, may be distributed tax free.
    • Traditional IRAs require that withdrawals begin no later than age 70 1/2. ROTH IRAs do not require this preserving more of your wealth.
    • ROTH IRAs, while intended for retirement, may also be utilized for a dependent’s college education.

Between tax benefits for college tuition and the tax free nature of ROTH IRAs, this funding option can be very beneficial.  Consult a financial advisor today.

 

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