Roth IRA Explained || A Simple Explanation of the Roth IRA || What Is A Roth IRA What is a Roth IRA? A Roth IRA is a special IRA where you pay taxes on the dollars you invest for retirement but all future retirement withdrawal's for retirement income are tax free. Benefits to a Roth IRA are no required minimum distributions and tax free inheritance to anyone who inherits your Roth IRA. A Roth IRA has income limits and contribution limits. The Roth IRA income limit doesn't allow individuals or families to contribute to a Roth IRA. If their modified adjusted gross income is over a certain limit. In the same way, Roth IRA contribution limits only allow those individuals who qualify to contribute a certain amount of retirement dollars on a yearly basis. All contributions to a Roth IRA must follow a five-year rule before withdrawing any earnings from your Roth IRA. Inside of a Roth IRA, or a variety of investment options. You can invest in mutual funds, stocks,
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)