Roth
IRA - Wage-earning
individuals who want to save for retirement are eligible for Roth IRA
contributions if they have adjusted gross income (AGI) below $110,000
if single and $160,000 for joint filers. If you are interested in
converting a Traditional IRA to a
Roth Conversion IRA, you
must have AGI below $100,000 and be a single or married filing joint
tax payer.
Annual
IRA contributions are limited to a total of $3,000, or 100% of
compensation, whichever is less.
Non-employed
spouses who file a joint tax return may also contribute up to $3,000
per year. Contributions may be made even after age 70½.
Roth IRAs can be used in conjunction with any retirement plan.
Distributions
at retirement are tax-free
provided certain conditions are met. Our
Self-Directed IRAs provide you the freedom-of-choice
in selecting investments for your account. These include, but are not
limited to
Investment Real Estate, Limited Partnerships,
LLCs, Private Stock as well as the full spectrum of marketable
securities. |