A Roth IRA is a retirement savings account that allows eligible individuals to save for the future while enjoying potential tax advantages. Contributions are made with after-tax dollars, and qualified withdrawals during retirement are generally tax-free.
A Roth IRA may be a good option for individuals who expect to be in a higher tax bracket during retirement or who want the flexibility of tax-free retirement income.
Benefits of a Roth IRA include:
• Tax-free qualified withdrawals during retirement • Earnings grow tax-free over time • Flexible investment and savings opportunities • No required minimum distributions during the account owner’s lifetime • Contributions may be withdrawn at any time, subject to IRS guidelines • An excellent long-term retirement savings option for eligible individuals
Our IRA Department can help you understand your retirement savings options and determine whether a Roth IRA fits your financial goals.
For more information, please contact the Fowler State Bank IRA Department at (765) 884-1200 or (800) 439-3951.
*Eligibility and contribution limits are subject to IRS regulations.
