ROTH IRAs
A ROTH IRA is available to individuals with earned income regardless of age. Your contributions to a ROTH IRA are made with after tax dollars so they are not tax deductible. However, you will pay no additional taxes when you withdraw funds as long as your account has been open for 5 years or more and youre at least 59 ½, OR, the withdrawal is the result of death or disability. There are no required distributions from a ROTH IRA.
