What are the income limits for making Roth IRA contributions?
A single or head of household individual may make a full contribution if his/her AGI is $95,000 or less, a partial contribution if AGI is between $95,000 and $110,000, and no contribution if AGI exceeds $110,000. A married filing jointly couple may make a full contribution if their AGI is $150,000 or less, a partial contribution if AGI is between $150,000 and $160,000, and no contribution if AGI exceeds $160,000. When do I have to start taking distributions from my Roth IRA? You never have to take distributions from your Roth IRA. Assets held in a Roth account are not subject to the age 70 minimum distribution requirements. What happens in the event of my death? Your named beneficiary(ies) will receive the entire proceeds of your Roth IRA. The manner in which your beneficiary(ies) receives the funds is determined by the election made by your beneficiary(ies) within the guidelines of the law. How are distributions from a Roth IRA treated for tax purposes? Qualified distributions from a
