For your convenience, 5498 Tax Forms are available online on the Client Portal. Also, if you need to make a fee payment, please use e-bill express. Thank you for your business.

Forge Trust

For your convenience, 5498 Tax Forms are available online on the Client Portal. Also, if you need to make a fee payment, please use e-bill express. Thank you for your business.

For your convenience, 5498 Tax Forms are available online on the Client Portal. Also, if you need to make a fee payment, please use e-bill express. Thank you for your business.

Roth IRA

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

Plan Benefits:

Is this retirement account right for you?

Earnings grow tax-free

Tax-free withdrawals, if qualified

No required minimum distributions

Contributions are protected from creditors

Can be paired with another retirement plan

Eligibility:

  • Available to individuals with no age limit
  • Must have earned income to contribute

2020 & 2021 Contributions:

  • After tax contributions grow tax and penalty-free with a maximum contribution of $6,000 ($7,000 if age 50 or older)

Investment returns or gains:

Investment Returns or Gains:

  • After age 59 ½ investment returns can grow tax-free and penalty-free if the account has been open at least five years.

Funding Your Account:

  • Contribute earned income after tax
  • Roll over after tax funds from a 401(k)
  • Transfer from another Roth IRA
  • Convert a Traditional IRA to a Roth IRA

Withdrawals:

  • Tax-free and penalty-free at any age
  • Subject to the five-year rule; a waiting period on three types of withdrawals: if you withdraw account earnings, if you convert a traditional IRA to a Roth, and if a beneficiary inherits a Roth IRA
  • No Required Minimum Distributions (RMDs) during the lifetime of the original account owner

Plan Benefits:

Earnings grow tax-free

Tax-free withdrawals, if qualified

No required minimum distributions

Contributions are protected from creditors

Can be paired with another retirement plan

Is this retirement account right for you?

Eligibility:

  • Available to individuals with no age limit
  • Must have earned income to contribute

2020 & 2021 Contributions:

  • After tax contributions grow tax and penalty-free with a maximum contribution of $6,000 ($7,000 if age 50 or older)

Investment returns or gains:

Investment Returns or Gains:

  • After age 59 ½ investment returns can grow tax-free and penalty-free if the account has been open at least five years.

Funding Your Account:

  • Contribute earned income after tax
  • Roll over after tax funds from a 401(k)
  • Transfer from another Roth IRA
  • Convert a Traditional IRA to a Roth IRA

Withdrawals:

  • Tax-free and penalty-free at any age
  • Subject to the five-year rule; a waiting period on three types of withdrawals: if you withdraw account earnings, if you convert a traditional IRA to a Roth, and if a beneficiary inherits a Roth IRA
  • No Required Minimum Distributions (RMDs) during the lifetime of the original account owner

IRS Contribution Limits

Each year the IRS reviews and sometimes adjusts how much you can contribute to retirement accounts. See how much you are allowed to contribute by account type.

Open a Roth IRA