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What is a Roth IRA?

A Roth Individual Retirement Account (IRA) is a tax-advantaged investment account
designed to encourage individuals to prepare for retirement.
happy couple sitting and cuddling in bright room

Why consider a Roth IRA?

You should plan on personal retirement savings to supplement Social Security and pension benefits because those two benefits combined may not provide the level of income that you will need in retirement. This is especially true as life expectancies increase and individuals experience more frequent job changes (with fewer employer pensions). In addition, there are major advantages to establishing a Roth IRA.  

Features & Benefits

Roth IRAs are tax-advantaged retirement accounts which means that all contributions are made with after-tax dollars and grow tax-deferred. Plus, unlike a Traditional IRA, if you are over age 59½ and your account has been open for 5 years, your distributions will be tax-free. Also unlike a Traditional IRA, you can continue making contributions after you reach age 70½ and do not have to take required minimum distributions on or after age 70½. Certain income limitations apply.

 

Your Advisor can help you decide if a Roth IRA is right for you.

To learn more, read our product brochure about the Roth IRA

Neither Foresters Financial nor its affiliates provide legal, tax or estate planning services. Should you require such services, you should consult a legal, tax or estate planning professional.  

For more information about mutual funds from Foresters Financial when planning your Roth IRA, you may obtain a free prospectus by downloading it from our website, contacting your registered representative, or calling (800) 423-4026. You should consider the investment objectives, risks, fees or charges, and expenses of the funds carefully before investing. The prospectus contains this and other information about the funds, and should be read carefully before you invest or send money. An investment in these funds is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

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