Roth IRA Planning

Tax-free growth today for tax-free income later — is a Roth IRA right for your plan?

How a Roth IRA Works

A Roth IRA lets you contribute after-tax dollars now so that qualified withdrawals in retirement — including all the growth — come out completely tax-free. Unlike a Traditional IRA, you don’t get a tax deduction today, but you also won’t owe the IRS a cut when you retire.

Roth vs. Traditional, at a Glance

Roth IRA — contribute after-tax, withdraw tax-free in retirement, no required minimum distributions

Traditional IRA — contribute pre-tax (deduction now), pay tax on withdrawals, required distributions begin at a set age

Contribution Rules to Know

Roth IRAs have annual contribution limits and income eligibility limits that change from year to year, plus a five-year rule that applies to withdrawing earnings tax-free. We help you check current limits against your income before you contribute, so you don’t end up with an excess-contribution issue to unwind later.

Is a Roth IRA Right for You?

A Roth tends to make the most sense if you expect to be in the same or a higher tax bracket in retirement, or if you want tax-free flexibility with no forced withdrawals. We’ll walk through your full retirement picture — not just this one account — before recommending a direction.