Roth IRA

The Roth IRA was created to let you earn retirement money tax-free on your investments.

A Roth IRA enables you to make nondeductible contributions into a retirement account whose earnings grow tax-free and can be withdrawn tax-free at retirement, because the contributions are made with after-tax dollars. In contrast, traditional IRA earnings, which are made with pre-tax dollars, are taxed when withdrawn.

Roth IRA benefits

  • Tax-free growth. Earnings within your account will not be taxed when you take qualified distributions.
  • No annual distribution requirements. Unlike a Traditional IRA, you are not required to take distributions from your Roth IRA after age 70 ½.
  • Flexible contributions. You can keep contributing after retirement (beyond age 70½), as long as you have earned income.
  • A wide variety of options from which to choose to meet your individual needs.

Next Steps

Choose a way to request your Roth IRA.

Need more help to plan for retirement?

To learn more about additional IRA investment options, contact your LGFCU Financial Advisor at or 877.367.5428.