An IRA (individual retirement account) is a personal investment account the government created to help you save for retirement. Money that goes into a Roth IRA is already taxed, so anything that comes out after age 59 1/2 will be tax-free income for life.

Do I want a traditional or Roth IRA?

The difference mainly comes down to how and when you’re taxed. A Roth IRA might be a good choice if you expect your future tax rate to be higher. This is especially true when you're early in your career and anticipate earning more in the future. Paying taxes on your Roth contributions now can help you avoid a larger tax bill during retirement. On the other hand, if you think your future taxes will be lower, a traditional IRA might be better. You also have an upfront tax deduction, which if you’re eligible, means more money to invest now.

What’s a Roth conversion?

There are income limits to restrict high earners from contributing to a Roth IRA. However, you can use a back door conversion to move your money into a Roth IRA. We can help you make this Roth conversion to take advantage of tax-free growth.

For just $4 a month or 0.25% annually, you get access to our automated technology: hands-off investing, expert-built portfolios, and guidance to help you grow your retirement.

A SEP IRA is a type of retirement plan for those who are self-employed or who are small business owners.

Am I eligible for Roth IRA?

There is no minimum age requirement to open a Roth IRA, but you must have earned income. When considering a Roth IRA, your income plays a role in determining your contribution eligibility. In 2024, single tax filers aiming to contribute to a Roth IRA must have a modified adjusted gross income (MAGI) below $161,000. The threshold rises to $165,000 in 2025. If married and filing jointly, your joint modified adjusted gross income must be under $240,000 in 2024. The threshold increases to $246,000 in 2025.

What's the contribution limit for a Roth IRA?

Roth IRA annual contribution limits in 2023 are $6,500 a year if you're under 50, or $7,500 if you're 50 or older. In 2024, the annual contribution limit for a Roth IRA rises to $7,000 for those under 50, and $8,000 for those 50 and above.

Roth IRAs

Special tax benefits.

With a Roth IRA you contribute after-tax dollars, which means you don’t pay taxes on any growth or withdrawals in retirement.

Automated technology.

We make investing easy by putting it on autopilot, handling all the trading, rebalancing, and dividend reinvesting.

Retirement tools.

We build you a personalized plan, calculate how much to save, and adjust as life changes.

A person sitting on a chair, looking at a phone, with big plants behind showing retirement dreams reflected in the leaves.

No penalties for withdrawing contributions early.

If you need money in a pinch, you can withdraw your contributions at any time, tax- and penalty-free.
Use earnings toward a new home.

After five years, you can use $10,000 in earnings for a down payment if you’re a first-time buyer.
Convert traditional IRAs and 401(k) plans into your Roth IRA.

This can be smart if you've accrued savings but would rather pay taxes now than once you're retired.

Income too high? You can still have a Roth IRA.

Your income determines the maximum you can contribute to a Roth IRA. If it's too high, we offer a simple "backdoor" Roth conversion, allowing your money to benefit from tax-free growth.

A person walking in to a door while holding a growing plant, with a bar chart in the background.

Roth IRAs come with questions. We’re here with answers.

The difference mainly comes down to how and when you’re taxed. A Roth IRA might be a good choice if you expect your future tax rate to be higher. This is especially true when you're early in your career and anticipate earning more in the future. Paying taxes on your Roth contributions now can help you avoid a larger tax bill during retirement.

On the other hand, if you think your future taxes will be lower, a traditional IRA might be better. You also have an upfront tax deduction, which if you’re eligible, means more money to invest now.
There is no minimum age requirement to open a Roth IRA, but you must have earned income. When considering a Roth IRA, your income plays a role in determining your contribution eligibility.

In 2024, single tax filers aiming to contribute to a Roth IRA must have a modified adjusted gross income (MAGI) below $161,000. The threshold rises to $165,000 in 2025.

If married and filing jointly, your joint modified adjusted gross income must be under $240,000 in 2024. The threshold increases to $246,000 in 2025.

Your retirement grows  tax-free with a Roth IRA

Special tax benefits.

Automated technology.

Retirement tools.

Sit back and relax because Roth IRAs are flexible.

No penalties for withdrawing contributions early.

Use earnings toward a new home.

Convert traditional IRAs and 401(k) plans into your Roth IRA.

Income too high? You can still have a Roth IRA.

Roth IRAs come with questions. We’re here with answers.

Boost your retirement with a Roth IRA.

Your retirement grows tax-free with a Roth IRA

Special tax benefits.

Automated technology.

Retirement tools.

Sit back and relax because Roth IRAs are flexible.

No penalties for withdrawing contributions early.

Use earnings toward a new home.

Convert traditional IRAs and 401(k) plans into your Roth IRA.

Income too high? You can still have a Roth IRA.

Roth IRAs come with questions. We’re here with answers.

Boost your retirement with a Roth IRA.

Your retirement grows  tax-free with a Roth IRA