Roth IRA

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.

Benefits
Earnings grow tax-free
Tax-free withdrawals
No required minimum distributions
Can be set up with another retirement plan

Advantages
Eligibility	No age limit Must have earned income
2019 & 2020 Contributions	After tax contributions grow tax and penalty free with a maximum contribution of $6,000 ($7,000 if age 50 or older)
Earnings	After age 59 1/2 earnings can grow tax-free and penalty-free if the account has been open at least 5 years
Withdrawals	Tax-free and penalty free withdrawals at any age No Required Minimum Distributions (RMDs) during the lifetime of the original account owner
Funding Your Account	Use earned income Rollover funds from a 401(k) Transfer an IRA Convert a Traditional IRA to a Roth IRA

Next Steps

Open a Roth IRA

Funding your Forge Trust Account

Roth IRA

Eligibility

2019 & 2020 Contributions

Earnings

Withdrawals

Funding Your Account

Next Steps

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