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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. Casual Womens POM POM Slingbacks Med Block Heels Retro Sandals shoes Plus Size

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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. Casuals shoes Men 2019 Spring Running Sneaker Mesh Walking Breathable Trail New

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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. Casuals shoes Men Fashion Breathable Basketball Athletic Sport Comfort Trail New

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Generally $5,500 a year unless you are over 50 in which case it goes up to $6,500. Casuals shoes Men Mesh Sneaker High Top Breathable Sport Fashion Comfort Trail

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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. Casuals shoes Men Sneaker Trail Athletic Mid Top Sport Running Walking Spring Sz

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