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Planning now for your retirement is more than just a financial decision. It is also an investment in yourself.



Welcome to Roth IRA Incorporated. You will find basic information about the Roth IRA on these pages and how it will affect you.

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The Roth IRA, named after Senator Roth from Delaware, offers you an attractive alternative to the ordinary IRA.

IRA's are Individual Retirement Accounts and have been around since 1974. The ordinary IRA allows you to deduct the contributions from taxable income, as well as permitting any earnings to be tax deferred. You must pay taxes on the money when you start collecting.

You can't deduct your contributions to a Roth IRA ~ But you receive all the qualified distributions Tax-Free. Under certain conditions this could work out to be a huge advantage for you.

You can contribute up to $3,000 a year ($6,000 per couple), if you qualify. (Increases to $4,000 individual, $8,000 per couple in 2005). Beginning in 2002, if you are age 50 or older, you may contribute an additional $500 per year.

You may also rollover or convert money in your ordinary IRA to a Roth IRA.


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