Roth IRA
Roth IRAs allow you to save and invest for retirement. This type of account could be a more flexible retirement solution than a Traditional IRA, depending on your personal situation and your income.
Why should I consider a Roth IRA?
While there are no immediate tax benefits, you might consider a Roth IRA because you can contribute regardless of your age, and you won’t need to take mandatory withdrawals when you turn 70½. Plus, your contributions and earnings can grow tax-free—and can be withdrawn tax-free. You can fund a Roth IRA with your own savings or by converting a Traditional IRA or a 401(k) from a previous employer. Learn more about converting to a Roth IRA.
Take the next step.
Open a Schwab Roth IRA today.
Apply Now or call 866-855-5636.
- See if you should convert to a Roth IRA with a Quick Assessment.
- Try our Roth IRA Conversion Calculator.
- See our Roth vs. Traditional IRA comparison chart.
This information is for general informational purposes only and is not intended as an individualized recommendation or a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends that you consult with a qualified tax advisor, CPA, financial planner, or investment manager.