[Chorus] If you believe in forever, Then life is just a one-night stand. If there's a rock and roll heaven, Well you know they've got a hell of a band, band, band. Jimmy gave us rainbows, And Janis took a piece of our hearts, And Otis brought us all to the dock of a bay. Sing a song to light my fire, Remember Jim that way, They've all found another place, another place to play.
A Roth IRA is an individual retirement account to which you contribute after-tax dollars. Contributions and earnings can grow tax-free, and you can withdraw them tax-free after age 59Â½. Depending on your situation, a Roth IRA can be more flexible than a 401(k) or Traditional IRA.
Current as of November 14, 2013. Main rules for annual contributions to a Roth IRA. Most people who work for a living (or have a spouse who works for a living) can contribute to a Roth IRA. Thereâs still an income limit on regular contributions, though, even though the income limit on conversions has been repealed. You can make a regular contribution even if you made a conversion in the same year. 2  Contribution to conversion Roth IRA. 3  Although there was initially some confusion on this point, itâs been clear for a long time that you can make regular contributions to a conversion Roth IRA.