Are you considering using a Roth IRA to save for retirement? Or are you thinking about converting a traditional IRA into a Roth? If so, you’re not alone. The Roth IRA is one of the most popular retirement savings vehicles, primarily because of its tax advantages and flexibility.
With a Roth IRA, you don’t get an upfront deduction for contributions as you do with a traditional IRA. However, you do get tax-deferred growth while the funds remain in the account and tax-free distributions assuming you are either disabled or 59 ½ or older.
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Are you planning to move to a new locale after you retire? Perhaps you want to move south near the beach or the desert so you can enjoy warmer temperatures. Maybe you’d like to experience a different lifestyle in a bustling city or in a quiet countryside. Or you might even want to immerse yourself in another culture overseas.
Whatever your goal, retirement is the time to pursue the life you’ve imagined for yourself. You’ll have no work commitments, no scheduling obligations, and, hopefully, plenty of money to fund your desired lifestyle. |
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Fenton Financial Services
8728 East Avenue Mentor, OH 44060 Phone: 440.205.0559 Fax: 440.205.8637 www.fentonfinancial.net [email protected] |