Category: Retirement Planning (은퇴준비)

Roth IRA is an individual retirement account and the following are summary of its features:

• Contributions are NOT tax deductible in the year contributed. But, the money grows tax free.
•  No income taxes or penalties when funds are withdrawn (principle + earnings) after age 59.5 AND the account has been open 5 years.
• No income taxes or penalties on PRINCIPLE withdrawal at any time.
• No RMD (Required Minimum Distribution), unlike Traditional IRA
• Maximum contribution: $5,500 (for those 50 or older: $6,500) as of 2015.

There are limitations in Roth IRA accounts. For example, if you have an employer sponsored retirement plan such as 401k or 403b, and you file your taxes jointly with your spouse and the combined income is less than $183,000 (2015), then you and your spouse can contribute into own account to the maximum limit. Consult your financial advisor to find out if any restrictions may apply to you.

Aliquam dapibus tincidunt metus. Praesent justo dolor, lobortis quis, lobortis dignissim, pulvinar ac, lorem.

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Praesent vestibulum molestie lacus. Aenean nonummy hendrerit mauris. Phasellus porta. Fusce suscipit varius mi. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Nulla dui. Fusce feugiat malesuada odio. Morbi nunc odio, gravida at, cursus nec, luctus a, lorem. Maecenas tristique orci ac sem. Duis ultricies pharetra magna. Donec accumsan malesuada orci. Donec sit amet eros. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Mauris fermentum dictum magna. Sed laoreet aliquam leo. Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus.

Praesent justo dolor, lobortis quis.

Aenean nonummy hendrerit mauris. Phasellus porta. Fusce suscipit varius mi. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Nulla dui. Fusce feugiat malesuada odio. Morbi nunc odio, gravida at, cursus nec, luctus a, lorem. Maecenas tristique orci ac sem. Duis ultricies pharetra magna. Donec accumsan malesuada orci. Donec sit amet eros. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.