Roth IRA
  • Contributions are never deductible.

  • Earnings can grow tax-free.

  • Contributions can generally be distributed tax-free at any time.

  • Earnings can be distributed tax-free if the Roth IRA holder first made a Roth IRA contribution at least five years ago AND one of the following events occurs:

    • attaining age 59 1⁄2.
    • Incurring a disability.
    • Purchasing a first home.
    • Death (payments to beneficiaries).
  • Distributions are not required to be taken by Roth IRA holders at age 70 1⁄2.