Can you explain the ROTH IRA?

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	Can you explain the ROTH IRA? By The-Adviser.com -
SERVICES Money Management Portfolio Reviews 401(k) Rollovers Retirement Financial Plans Estate Plans College Savings Clients Only WHY US Benefits Available Services "Interview Us" Fee Information Disclosures Applications THE COMPANY Background Philosophy The Press Policies Opportunities LINKS Home Page Related Links Stock Quotes	New York - The Roth IRA is a non-deductible tax-free IRA. It may be funded solely with after-tax or nondeductible contributions. Currently, individuals who earn less than $95,000 and married taxpayers who earn less than $150,000 can contribute the maximum contribution. The following are the key characteristics of the Roth IRA There are no tax deductions allowed for contributions Income accumulates tax-free in the account Future retirement distributes are tax-free Roth IRA proceeds can be left to heirs tax-free Only $2,000 can be invested in an one particular IRA Contributions can be made beyond age 70 1/2 No distributions are required after 70 1/2 but are required after death Rollovers are permitted from one Roth IRA to a non-Roth IRA Distributions from a Roth IRA are non-taxable if made at least five years after the first taxable year in which a contribution was made, or if after age 59 1/2, or after death, or on the account of disability, or for qualified first-home purchases. In general, many financial advisers believe that for most persons, all new IRA contributions should go into a Roth IRA relative to a regular IRA. The difference is that withdrawals are tax-free rather than taxable (if the money has been in the account for five years and you are over 59 1/2 at the of withdrawal of if the money is used for qualified reasons). Regular IRA contributions are subject to the traditional IRA distribution. This is true even if you are allowed to deduct IRA contributions from your taxable income. Eligibility for a ROTH IRA is based on annual gross income. An independent Fee-Only financial adviser can help you determine if a ROTH is appropriate for you. About Us The Independent Adviser Corporation is a 100% Independent and 100% Objective Financial Advisory Firm that writes buy-side investment research. Our network of independent Fee-Only Financial Advisers serves individuals, families and businesses. They provide financial planning services, tax advice and offer professionally managed asset accounts. They do not underwrite corporate securities nor do they sell any proprietary products. To find out more or get a FREE consultation Ask The-Adviser.com or call 1-800-ADVISER.	ROTH IRAs allow money to grow TAX FREE Got an investment question? Ask The-Adviser.com Open a professionally managed account: Brokerage Accounts Traditional IRAs Roth IRAs 401(k) IRA Rollovers 403(b) IRA Rollovers College Savings Retirement Savings Top Ten Investment Picks Financial Advisory Services Money Management Retirement Planning Portfolio Reviews 401(k) Rollover Assistance College Savings Financial Plans
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