Slide background

Individual Retirement Accounts

Virginia IRA's

Slide background

ROTH IRA's

Virginia

Slide background

Individual Retirement Accounts

Virginia

IRA's

IRA Annuities

ROTH IRA Annuities

SEP IRA Annuities

Qualified Annuities

Non-Qualified Annuities

Slide background

SEP IRA

Simplified Employee Pension

Virginia

SEP IRA Annuities

IRA

ROTH IRA

401(k)

Slide background

403(b) TSA

Tax Sheltered Annuity

Virginia

Slide background

Virginia IRA Rollovers

Virginia 401(k) Rollovers

Virginia ROTH IRA Conversions

ROTH IRA’s for all residents living in Virginia.

For more information about Virginia ROTH IRA’s, click here.

Virginia ROTH IRA’s

Virginia Annuity Resource is part of Maryland Annuity Resource and offers ROTH IRA services to all residents living in Virginia. 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.

  • You cannot deduct contributions to a Roth IRA.
  • If you satisfy the requirements, qualified distributions are tax-free.
  • You can make contributions to your Roth IRA after you reach age 70 ½.
  • You can leave amounts in your Roth IRA as long as you live.
  • The account or annuity must be designated as a Roth IRA when it is set up.

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

Additional Resources:

Details about Roth IRAs are contained in Publication 590, Individual Retirement Arrangements (IRAs) and include:

  • Setting up your Roth IRA;
  • Contributions to your Roth IRA; and
  • Distributions (withdrawals) from your Roth IRA.

Differences Between Roth IRAs and Designated Roth Accounts

It is important to remember that all distributions from a ROTH IRA are tax free. We look forward to helping you set up your Tax Free retirement income stream from a  Virginia ROTH IRA.