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ROTH IRA

What is a ROTH IRA & why to consider one for your retirement planning strategy?

A Roth IRA is an individual retirement account that allows you to save money for retirement on a tax-free basis. 


Contributions to a Roth IRA are made with after-tax dollars, but the money grows tax-free and withdrawals in retirement are also tax-free. This means you can potentially avoid paying taxes on your retirement savings, which can result in significant tax savings. 


The earnings on your investments grow tax-free and can be withdrawn tax-free after age 59½, as long as the account has been open for at least five years. You pay taxes on money going into your Roth IRA, and then all future withdrawals are tax-free1.


Additionally, Roth IRAs generally have fewer restrictions and more flexibility than traditional IRAs, making them an attractive option for retirement planning.


When considering a Roth for your retirement planning, some key questions to ask yourself are:

1. How much can I contribute to a Roth IRA each year?

2. What are the income limits for contributing to a Roth IRA?

3. Are there any tax benefits to a Roth IRA?

4. How can I access my Roth IRA funds without penalty?

5. What are the different types of investments available in a Roth IRA?

6. Are there any other costs associated with a Roth IRA?


Download it today or give us a call to discuss you retirement planning strategies.  You'll be glad you  did. Here is an important retirement planning checklist curtosity of the Alliance for Lifetime Income.  

Banatty Insurance

Chantal Banatty

Banatty Insurance

NPN #

8937250

CONTACT US

941-541-2742

North Port, FL, USA

A Licensed Agent/Advisor May Contact You. Consult your legal, tax accountant, financial and insurance professional for more advice. Any voluntarily submitted or collected information is used solely for the purpose of insurance underwriting and price quotes and not sold or used for any other marketing or solicitation purpose. Not affiliated with CMS, Medicare or any other federal and state agency. Content on this site is not intended to provide legal, accounting or tax advice.

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