Comments on: What are the rules and benefits of a Roth IRA? http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/ IRA Questions and Answers Thu, 20 Oct 2011 14:36:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: claireschwab http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/comment-page-1/#comment-546 claireschwab Fri, 12 Feb 2010 05:39:11 +0000 http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/#comment-546 <a rel='nofollow' href="http://bit.ly/d7VnGi">http://bit.ly/d7VnGi</a> New Rules Ease Roth Conversions, but Benefits Vary higher tax bracket ! http://bit.ly/d7VnGi New Rules Ease Roth Conversions, but Benefits Vary higher tax bracket !

]]> By: diywealth http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/comment-page-1/#comment-419 diywealth Tue, 19 Jan 2010 23:47:36 +0000 http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/#comment-419 New Rules Ease Roth Conversions, but Benefits Vary: <a rel='nofollow' href="http://diy-wealth.com/i/New-Rules-Ease-Roth-Conversions-but-Benefits-Vary/">http://diy-wealth.com/i/New-Rules-Ease-Roth-Conversions-but-Benefits-Vary/</a> New Rules Ease Roth Conversions, but Benefits Vary: http://diy-wealth.com/i/New-Rules-Ease-Roth-Conversions-but-Benefits-Vary/

]]> By: Katrina http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/comment-page-1/#comment-236 Katrina Wed, 23 Dec 2009 01:32:28 +0000 http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/#comment-236 Rules: - Your IRA must be maintained as a trust or custodial account at a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian. - Any regular contribution to an IRA (contributions other than conversions or rollovers) must be made in cash. - You CAN NOT: 1. Borrow from your IRA or use it as security for a loan. 2. Sell property to your IRA, or buy property from it. 3. Buy property for your personal use with funds held by your IRA (before the funds have been distributed to you). 4. Invest your IRA in certain "collectibles." Benifits: - Contributions can be withdrawn without taxes or penalties. - Distributions, including capital gains, interest, and dividends are tax-free if you are at least 59 ½ and the account has been established for longer than five years.2 - You can contribute after age 70 ½ as long as you have earned income. - No minimum distribution requirements during your lifetime. - Tax-free benefits can be passed to your beneficiaries. Rules:
- Your IRA must be maintained as a trust or custodial account at a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian.
- Any regular contribution to an IRA (contributions other than conversions or rollovers) must be made in cash.
- You CAN NOT:
1. Borrow from your IRA or use it as security for a loan.
2. Sell property to your IRA, or buy property from it.
3. Buy property for your personal use with funds held by your IRA (before the funds have been distributed to you).
4. Invest your IRA in certain “collectibles.”

Benifits:
- Contributions can be withdrawn without taxes or penalties.
- Distributions, including capital gains, interest, and dividends are tax-free if you are at least 59 ½ and the account has been established for longer than five years.2
- You can contribute after age 70 ½ as long as you have earned income.
- No minimum distribution requirements during your lifetime.
- Tax-free benefits can be passed to your beneficiaries.

]]> By: bowler_j http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/comment-page-1/#comment-235 bowler_j Wed, 23 Dec 2009 00:56:41 +0000 http://www.iraroth.net/2009/12/what-are-the-rules-and-benefits-of-a-roth-ira/#comment-235 The money you invest is after tax. Your investments grow tax free and can be withdrawn without taxation at age 59.5 or later as long as the account has been in existence for at least five years. There is no maximum age at which time you are forced to withdraw your money. Other than that contribution limits are the same as with regular IRA's and you can invest in the same types of investments. The main benefit is that your withdrawals are tax free. The money you invest is after tax. Your investments grow tax free and can be withdrawn without taxation at age 59.5 or later as long as the account has been in existence for at least five years.

There is no maximum age at which time you are forced to withdraw your money.

Other than that contribution limits are the same as with regular IRA’s and you can invest in the same types of investments.

The main benefit is that your withdrawals are tax free.

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