Roth IRAs
Retire your way, on your plan. As you prepare for retirement, you control when, how much and how often you access Roth IRA funds.
What to Know About Roth IRAs
- Contribute up to $7,000 to your retirement plan annually, after-tax
- Annual income limits determine eligibility
- Potential tax-free withdrawals after age 59½, and after you have had the account for at least five years
- No minimum distributions required
- Use tax-free earnings, up to $10,000 from the account, for first-time home purchase after you have had the account for at least five years
- Generally, prior to age 59½ withdrawals of contributions are IRS penalty-free; income taxes and penalties may apply to earnings
- Contribute up to an additional $1,000 "catch-up" contribution per year, beginning in the year you reach age 50, if you wish
Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor. Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are non-bank affiliates of KeyBank National Association (KeyBank).
To learn more about KIS’s investment business, as well as our relationship with you, please review our KIS Disclosure page.
Check the background of KIS on FINRA's BrokerCheck.
Non-Deposit products are:
KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.
Services provided by KeyBank, KIS and/or KIA should not be used in substitution for independent and personal tax advice. KeyBank, KIS and/or KIA do not provide legal advice. Individuals should consult their personal tax and/or legal advisor concerning their particular situation.