Roth IRA
A Roth IRA is a retirement savings account where you contribute after-tax dollars. Your money grows tax-free, and qualified withdrawals in retirement are also tax-free. It's one of the most powerful retirement vehicles available.
2026 IRS Contribution Limits
Key Details
Contributions can be withdrawn at any time without penalty (only contributions, not earnings).
Earnings can be withdrawn tax and penalty-free after age 59 1/2 and after the account has been open for at least 5 years.
No Required Minimum Distributions (RMDs) during the owner's lifetime, unlike Traditional IRAs.
Ideal for those who expect to be in a higher tax bracket in retirement.
You can contribute to a Roth IRA at any age as long as you have earned income.
If your income is too high, consider the Backdoor Roth IRA strategy.