Everything You Need To Know About Your Roth IRA

Are you intimidated or confused by the prospect of opening your own Roth IRA?

If so, you've come to the right place.

How can we be so sure?

Because we were once where you are now...

Take Advantage of Our Experience

My wife and I thought we knew everything we needed to know about Roth IRAs. But we got a reality check when our daughter Samantha was born. Why? Well, we wanted to start a college savings plan for her, and one option we considered was using our Roth IRA.

Using our Roth IRA for this purpose was a totally new concept for us so, needless to say, we had a lot of questions.

Surfing the Web for answers, we quickly learned that such detailed information isn't readily available on the Internet. Only a handful of sites offer more than a passing overview of the Roth IRA.

So how did we find the answers?

We went straight to the source... the IRS! On IRS.gov, we read all the detailed IRS documents on the rules and regulations of Individual Retirement Arrangements (IRAs), and we soaked up all the information available.

As a result, my wife and I now know more about Roth IRA investing than we'll ever need to know. We know the strategies to embrace and the pitfalls to avoid. And, through this website, we'll guide you through everything we learned.

Better than that, we'll do so in plain English... NOT bureaucratic IRS lingo.

So why learn things the hard way when we're here to guide you?

Instead, take control of your financial future today by learning all about Roth IRA investing!

Take Control of Your Finances With a Self-Directed Roth IRA

On this site, you'll find easy to understand explanations of basic concepts like these...

• What's a Roth IRA?
• What are the rules?
• Are you eligible to contribute?
• How much can you contribute?
• What are the benefits of contributing?

And you'll also find an easy to follow breakdown of more complex Roth IRA concepts like these...

• How does the Roth IRA 5 year rule affect you?
• Which non-qualified early distributions are penalty free?
• If your income falls within the Roth IRA phase out range, how much can you contribute?
• Can you use a Roth IRA to pay expenses for a first home purchase?
• Can you use a Roth IRA to pay college tuition expenses?

Starting a Roth IRA can be a stressful and overwhelming experience. After all, you need answers to a lot of questions. And you need those answers before you open your Roth IRA...

Why do we say that?

Because you need rock solid information during the course of your planning process. You need to know why you should have a Roth IRA, how the process works, and what options are at your disposal.

Fortunately, this site provides you with all the information you need to make informed choices. You get the basic IRS ground rules, a step-by-step tutorial for setting up your own Roth IRA, and answers to some of the Internet's least commonly addressed Roth IRA issues.

In short, you get all the tools you need to successfully meet your Roth IRA retirement planning goals.

So make sure to bookmark this site in case you have any future questions.

And if you're searching for a specific piece of Roth IRA information right now, scan the topics in the Table of Contents below, and jump right in. Arm yourself with information, and start the process of taking control of your retirement savings today!

Table of Contents

Roth IRA Rules
What are the various Roth IRA rules? Learn what the IRS says about each of the topics covered in this section, and you'll know just about everything you ever need to know about the rules governing your Roth IRA.

Roth IRA Benefits
Learn about the benefits of a Roth IRA, from tax-free growth to tax-free, penalty-free principal withdrawals.

Roth IRA Contribution Limits
What are the Roth IRA contribution limits? Depending on your age, the type of income you earn, and the amount of income you earn, the IRS imposes limits on the size of your annual Roth IRA contribution. Those limits also change annually, so take the time to keep yourself up-to-date.

Roth IRA Income Limits
What are the Roth IRA income limits? The IRS imposes limits on the amount of income you can earn and still contribute to your Roth IRA. Those limits also change on an annual basis.

Roth IRA Withdrawals
What are the rules for Roth IRA withdrawals? Take the time to learn what the rules are and you'll know how to avoid the common pitfalls and mistakes most people make.

Roth IRA Limits
What are the Roth IRA limits imposed by the IRS? Do you have to meet an age requirement before contributing? And what about income or contribution limits? Before you make a Roth IRA contribution, you need to know the restrictions for the current tax year.

Roth IRA Comparisons
Making Roth IRA comparisons to 401(k)'s, traditional IRA's, and 403(b)'s is a great way to find out whether or how much you should contribute to your various retirement account options. This section helps point out the differences between your various options.

Roth IRA Penalties
What Roth IRA penalties are imposed by the IRS? Knowing what penalties exist and how to avoid them is essential to your financial health and the future size of your retirement account.

Roth IRA Accounts
What are Roth IRA accounts? How many can you have? And who can have them? Knowing the answers to these questions and others can significantly benefit your family's financial health.

Roth IRA Taxes
What do you need to know about Roth IRA taxes? Is a Roth IRA tax-deferred? Can you claim tax losses for your Roth? These are all legitimate questions you definitely need to know the answers to. So take the time to learn the tax rules inside and out.

Roth IRA Contributions
What are the IRS rules regarding Roth IRA contributions? If you plan on contributing to your Roth IRA this year, you need to know those rules or else you risk making an excess or illegal contribution. So what do you need to know? Before contributing to your Roth IRA, you need to know your...

Roth IRA Distributions
What are the Roth IRA distribution rules? Knowing can save you a lot of money and headaches, because early or improper distributions trigger income taxes and IRS penalties. In addition, you might qualify for special early withdrawal exemptions which can save you thousands of dollars...

Roth IRA Investing
What are your Roth IRA investment options? Should you invest in actively managed mutual funds? What about individual stocks? Are index funds a good option? Find the answers to all of your questions concerning your Roth IRA investments and your investing strategy...

Roth IRA Rollover Rules
What's a Roth IRA rollover? And what are the rules in regard to rollovers? Both excellent questions. Learn the answers so you make the best decisions regarding your retirement savings.

Roth IRA Conversions
What do you need to know about Roth IRA conversions? Did you know there's more than one way to convert? Is a conversion right for you? What about 2010 conversions? Learn the implications of a conversion as well as the essential factors you need to take into account.

How To Open A Roth IRA
If you've decided that the benefits of a Roth IRA are just too good to pass up, then you're ready to set up your account. Read this step-by-step guide to learn how to open a Roth IRA online.