Roth IRA Roth IRA
An individual retirement account to which you may be able to contribute up to a maximum contribution amount for a tax year. Contributions are not tax deductible, but any growth is tax free and qualified withdrawals may be tax free. Certain income restrictions apply.
Qualified Roth IRA distributions are not subject to state and local taxation in most states. However, distributions may be subject to the 10% Federal tax penalty if taken prior to age 59½.
Qualified Roth IRA distributions are not subject to state and local taxation in most states. However, distributions may be subject to the 10% Federal tax penalty if taken prior to age 59½.