With a Roth IRA, you make contributions with money on which you've already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met.1

Tax advantages


Earnings grow federally tax-free.1 


Tax-free withdrawals1

No minimum required distributions (MRDs) during the lifetime of the original owner


Account features


No age limit1

Must have employment compensation

IRA maximum contribution

2016 and 2017: $5,500 ($6,500 if age 50 or older)


Roth IRA modified adjusted gross income (MAGI) phase-out ranges

These income ranges represent the partial contributions that you are able to make to a Roth IRA.




Single Individuals

$117,000 - $132,000

$118,000 - $133,000

Married, filing joint tax returns

$184,000 - $194,000

$186,000 - $196,000

Married, filling separately

$0 - $10,000

$0 - $10,000


*Note: it is recommended to contact your accountant to apply these phase-out ranges to your particular situation.

1 – It is important to contact your accountant to determine how a Roth IRA can be applied to your situation.

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