When you pay taxes on contributions to a Roth IRA
1
now, you’ll reap the benefits throughout your retirement. Simply fund the Roth IRA with after-tax dollars in exchange for tax-free earnings on your Roth IRA investments and no federal income tax on qualified distributions (under current federal law)
2. If you expect your earnings potential to grow into your retirement, a Roth IRA might be the perfect solution for you.
Features include the following options
- Contributions are after-tax2
- Earnings accumulate tax-free2
- Qualified distributions from the account are tax-free2