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Roth IRA

Chart your course to retirement with an IRA

The Roth IRA is unique among retirement plans. The most significant aspect of this retirement account is its potential for tax-free growth as opposed to merely tax-deferred. Your contribution is made with money that has already been taxed. However, earnings that stay in the account for at least five years and until you reach age 59½ are never taxed. Contributions can always be distributed tax- and penalty-free.

To determine if a Roth IRA is a good choice for you, you need to consider issues such as:

  • Your tax bracket
  • Your tax payment resources
  • Social Security
  • Higher-than-expected income (especially for those who work in commissioned jobs)

Benefits of a Roth IRA

  • Earnings in a Roth IRA truly grow tax-free and qualified withdrawals are never taxed.
  • Since there is no age 70 ½ mandatory distribution requirement, a Roth IRA may offer longer tax-advantaged compounding than does a traditional retirement plan.
  • You will not face a mandatory lifetime withdrawal schedule as you would with a Traditional IRA. That means that you decide how much, if any, money you want to withdraw.
  • You may continue to contribute to a Roth IRA as long as you have earned income, even beyond age 70½.
  • Contributions can be withdrawn at any time without taxes or penalties.

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What if you qualify for both a Traditional IRA and a Roth IRA?

If you qualify for both a Roth IRA and a tax-deductible Traditional IRA, consider the Roth IRA if you don’t need the tax deduction.

  • You won’t have to take required minimum distributions when you reach age 70 ½. That means your heirs can benefit too – because the distributions are tax-free.
  • You’ll be able to withdraw your contribution at any time without penalty or taxes.

Due to the power of tax-free compounding, the potential for growth with a Roth IRA could be substantial.

Investment options 

COUNTRY® Financial gives you a wide selection of investment options for your IRA, from choosing your own investments to having the professionals at COUNTRY Trust Bank invest your money for you.

Take a closer look at the options to see what might work for you or find a COUNTRY Financial representative near you to get personalized guidance in matching the right IRA and investment option for you.

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Investment management, retirement, trust and planning services provided by COUNTRY Trust Bank®. Please see our Terms and Conditions for more information about COUNTRY Trust Bank® and its affiliates.