ROTH IRA’s for residents living in Maryland
Maryland Annuity Resource offers ROTH IRA services to all residents living in Maryland. We believe that ROTH Ira’s are a staple to any investment portfolio and if you can pay the tax now, for tax free later, then a ROTH IRA is for you. With any IRA, you can choose stocks, bonds, ETF’s, mutual funds and Annuities. We only offer Roth Annuities because of the unique characteristics of Annuities. Once interest is credited in your ROTH IRA, the value cannot go down. The Interest is locked in and continues earning interest though compounding. Below is a little primer about ROTH IRA’s.
Most carriers require a minimum of $2k to start a qualified plan such as a ROTH IRA. See all of the rules and options below and feel free to contact us about your options.
A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a Traditional IRA.
The same combined contribution limit applies to all of your Roth and traditional IRAs. Your Roth IRA contribution might also be limited based on your filing status and income.
Limits on Roth IRA Contributions based on modified AGI
Details about Roth IRAs are contained in Publication 590, Individual Retirement Arrangements (IRAs) and include: