Ross Cameron's career started on the 2nd of March 1996, which is more than 21 years ago. The first day of Ross Cameron's career was a Saturday.
A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA. 1  You cannot deduct contributions to a Roth IRA. 2  If you satisfy the requirements, qualified distributions are tax-free. 3  You can make contributions to your Roth IRA after you reach age 70  Â½.
Determine your maximum contribution. Take into consideration the standard limits on contributions as well as how much you can afford. 1  Through 2014, the limit for contributions to a Roth IRA is $5,500 if youâre younger than 50 years old. 2  If you are 50 years old or older, the annual limit is $6,500. Keep in mind that you cannot add more money to a Roth IRA than you made during the year. 2  For example, if you make $4,000 this year, you canât contribute more than $4,000 to the account for the year.