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Insurance & Risk Management
12. Chapter 14: Annuities and Individual Retirement Accounts/Individual retirement accounts
12. Chapter 14: Annuities and Individual Retirement Accounts Illustration
Syllabus Slides

Individual retirement accounts

01.Core Concepts

A Roth IRA is another type of IRA that provides substantial tax advantages The annual contributions to a Roth IRA are not tax deductible The investment income accumulates income-tax free Qualified distributions are not taxable under certain conditions Contributions can be made after age 70½ Roth IRAs have generous income limits A traditional IRA can be converted to a Roth IRA ‹#›