Roth IRA
Thinking ahead about your taxes and how you'll spend that refund is always a good idea. Here's an even better idea: not spending your refund money at all, but rather saving it into your
Roth IRA.
Why should you open a Roth IRA?
A Roth IRA is always a great way to start saving money for retirement. This type of Individual Retirement Account accumulates tax-free compound interest. The contribution limit is $6,000 and $7,000 (age 50 or older) for the 2021 and 2022 tax years.
Benefits:
Contributions grow tax-free
Taxed upon distribution
Withdrawal contributions pentalty-free mostly anytime
Pass down money to your heirs
Don't have an account or want to learn more?
Consult with one of our financial represemtatives to futher discuss and open account today!