Roth IRA fact No. 3: Roth IRA contributions must be made with earned money If you're a teenager who wants to sock away $500 you got for your birthday in a Roth IRA, you're out of luck. Roth IRA ...

According to a study by the Investment Company Institute as of 2008, more than 15.9% of all U.S. households own a Roth IRA compared to 32.1% for Traditional IRAs.

The annual contribution limit for both the traditional IRA and the Roth IRA is $5,500 for 2015. However, if you are aged 50 or older, you can contribute an additional $1,000 for a total of $6,500.

BOSTON (CBS) - Roth IRAs have been around since 1997. Congress was looking for ways to help people save more for retirement but at the same time get some of its tax dollars upfront.

If you're contributing to a Roth IRA, you're already ahead of the game. Roth IRAs are a retirement saver’s dream. These ...

If your traditional IRA isn't tax-deductible, a Roth IRA is the better choice. With the Roth IRA, contributions are made with after-tax dollars, and there are income limits. 4.

Because Roth accounts are funded with after-tax dollars, distributions are generally entirely tax-free. However, it’s possible that earnings on the actual contributions will become subject to ...

And unlike a traditional IRA, a Roth IRA doesn’t require you to take required minimum distributions (RMD) when you reach age 73. But be warned. Going through the backdoor can lead to a tax pitfall.

You may be saving for retirement via a Roth IRA without fully understanding how it works and what it can do -- or you may not be using one because. 7 Facts About Your Roth IRA You Didn't Know | Nasdaq ...

Source: 401kcalculator.org via Flickr . When it comes to saving for your retirement, an individual retirement arrangement can be an excellent way to.

A Roth IRA can be a powerful aid in building a retirement nest egg that can generate much needed future income. Here's how and why you might want to invest through one.

Source: 401kcalculator.org via Flickr. When it comes to saving for your retirement, an individual retirement arrangement can be an excellent way to set aside money while taking advantage of tax ...