ROTH
IRA

The IRS allows Americans to save with "After Tax Money" by putting it into a Roth IRA.

• Anyone that earns money can have a Roth, so even children can own a Roth IRA.
• It's easy to open a Roth IRA, just contact your Wealthcamp Advisor: you will need to give your Social Security Number, your Bank information where you want the money drawn from to fund the Roth IRA each month. You make a check directly to the Insurance company that you and your WealthCamp advisor select. Suitability is required for you to make sure this is good idea for you.
• Roth IRAs allow people to withdraw principal from the account. This is called FIFO. This concept can be a very effective tool for first-time homebuyers. Get all the details from your WealthCamp Advisor today.
• Roth withdrawals in retirement are generally tax-free, unlike pensions, social security income, 401k's or even Traditional Ira's.
• YOU have a 16-month window in which to fund Roth accounts unlike the 401k.
• Unlike other retirement plans (401k's and Traditional Ira's require you take a "Minimum Required Distribution" at age 72), a Roth IRA allows you to decide when you want to take the Income, if at all!
• If you Like, you can pass on your Roth account funds to heirs, tax-free. If you have higher income, you can still create a Roth thru the concept of the "Backdoor Approach". Ask your Wealthcamp Advisor how the Backdoor Approach works.