Maximum contribution
You can contribute up to $7,500 per year until you're 50 years old.
Build your nest egg
Create your own retirement account with after-tax income.
Get tax advantages
Protect your investment earnings from being taxed.
Access your money
Withdraw contributions penalty-free at any time.
Roth IRA Eligibility
A Roth IRA provides tax-free income
Earnings are tax-free when withdrawn after the age of 59 1/2.
Roth IRA contributions
Catch-up contribution
If you're age 50 and up, you can contribute up to $8,600 per year.
No tax deduction
Your contributions are made with after-tax income so they're not tax deductible.
Roth IRA withdrawals
No minimum required distribution
If you're older than 59 1/2 and your account has been open for 5 years, all withdrawals are tax- and penalty-free.
Withdraw without penalty
Earnings can be withdrawn tax- and penalty-free after the age of 59 1/2 and the minimum 5-year holding period since the first contribution.
Penalty for early disbursements
If you withdraw any earnings before the age of 59 1/2, there's a 10% penalty fee.
Not sure where to start? We're here to help.
Insights
A few retirement insights for your life
Retirement
Know the difference between a Roth and traditional IRA
There are essential differences between traditional and Roth IRAs that may impact which option is right for you.
Choosing a Roth versus traditional IRA can depend on several key factors, but it all starts with understanding how they differ.
Retirement
How to plan for retirement
Use these retirement planning strategies to help secure your future.
Conventional wisdom says you'll need roughly 80% of your current income to maintain your lifestyle in retirement.
Retirement
Is a rollover IRA right for you?
Here's how to decide if a rollover IRA is the right choice for your circumstances.
While rolling over a 401(k) or other employer-sponsored retirement plan into an IRA is generally quick and relatively simple, there are some nuances to consider.
