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Retirement > Products & Solutions > IRAs > Roth IRA
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Roth IRA  
  A Roth IRA offers an alternative to a traditional IRA. You make contributions to a Roth IRA with your after-tax dollars, but then do not pay federal income taxes on your future earnings as long as certain qualifications are met.   white space Man fishing
 
   

How you’ll benefit
A Roth IRA offers:

  • Tax advantages. Your Roth IRA contributions are not tax-deductible. However, earnings over the years are tax-deferred and potentially tax-free. You can also take distributions prior to age 59½ without taxes or penalties if you follow certain guidelines.
  • Flexibility. As with the traditional IRA, you may invest your Roth IRA assets in a variety of funding options based on your personal financial goals. Additionally, you’re not required to begin taking distributions from your Roth IRA at age 70½.
  • Conversion option. Depending on your income, you can convert your Traditional IRA to a Roth IRA. It’s important to note that any non-taxed portion of the amount you convert is considered taxable income in the year in which you convert.


When to consider
Individual investors who are single or married and file jointly, and who have a modified adjusted gross income under applicable federal limits, can convert to a Roth IRA. This includes minors and anyone over the age of 70½.

Compare IRA Types to learn more about contribution limits.


Take the next step
Contact your Thrivent Financial representative to learn how a Roth IRA can help you meet your retirement goals.
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ArrowWhich IRA is right for you?
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ArrowCalculator: Roth vs. Traditional IRA
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Thrivent Financial for Lutherans, its affiliates, Financial Representatives and employees do not provide legal, accounting, or tax advice or services. This summary information is provided for your education, and to help you start preparing for retirement. It is not intended to be tax or legal advice. We strongly advise that you consult your legal and/or tax advisor before making any tax-related financial decisions.

Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.
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This document was last updated on Thursday, May 17, 2007 at 12:11 PM