Invest Tax-Free with Roth IRAs

From SunAmerica Asset Management, LLC

What is a Roth IRA? 

A Roth IRA is an individual retirement account that offers investors the opportunity to grow their money and withdraw it at retirement—without paying any income taxes. Contributions to a Roth IRA are made with after-tax money and are not tax deductible.   

Key benefits of a Roth IRA

  • Income is tax-free—as long as it is taken after the Roth IRA has been held for at least five years AND at least one of the following occurs: 

       1) You reach age 59½

       2) You become disabled

       3) You pass away or 

       4) You use the assets for a qualifying first-time home purchase (up to a $10,000 maximum lifetime limit).
 

  • Contributions can be withdrawn at any time without paying taxes
  • No age limits for contributions—you can invest in a Roth IRA at any time, even after you reach age 70½. Depending on your age and income, you can make 2015 contributions of up to $5,500 per year. But unlike traditional IRAs, contributions are not tax deductible.
  • No Required Minimum Distributions (RMDs)—you can leave the assets in your Roth IRAs for as long as you live. However, once you pass away, your beneficiaries will be required to begin RMDs.


Contact your financial or tax advisor to learn more about the benefits of investing in a Roth IRA.