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Roth IRA’s

Roth IRA’s. By: Brianna Ramos. What is Roth IRA’s?. A retirement-savings account  Created on January 1, 1998 LOW risk!. What are the Benefits?. Your money grows TAX FREE!!!

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Roth IRA’s

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  1. Roth IRA’s By: Brianna Ramos

  2. What is Roth IRA’s? • A retirement-savings account  • Created on January 1, 1998 • LOW risk!

  3. What are the Benefits? • Your money grows TAX FREE!!! • You may withdraw your money anytime tax free! (although it’s supposed to be for savings, you may do what you like with no penalty) • You can use it to save for education or family

  4. What are the requirements? • Contribute regularly to a Roth IRA • You or your spouse must have qualifying income at least equal to the amount contributed • You must have earned income from a job (you can’t save more than you’ve made) • In 2009 the limit for contributing to the Roth was $5,000 • Wait till retirement to withdraw the money

  5. What type of investing can you do with this? • You can invest in anything! • Stocks • Mutual funds • Bonds • Real Estate It just depends on .. • The size of your Roth IRA • The time frame for your investment • Other investments • Investing style

  6. Other Information?? • You may open a Roth IRA right now if you have a job! • Many fund companies will let you open an account and make contributions online. • The bigger the risk, the bigger the reward!

  7. How did I get all this information?? • http://www.kiplinger.com/columns/starting/archive/2006/st0309.htm • http://fso.cpasitesolutions.com/Premium/ts/fg/fg-Roth_IRA.html • http://moneycentral.msn.com/content/Savinganddebt/Savemoney/P147209.asp

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