Roth IRA Eligibility – Are You Eligible?

Roth IRA Eligibility – Are You Eligible?

If you are a high income wage earner and wondering whether or not you qualify for a Roth IRA, it is not that difficult to determine your Roth IRA eligibility. There are a few simple income guidelines that you must adhere to, as well as the proper procedures for opening an IRA account. In any event, be prepared to hold the account for at least five years prior to any withdrawal of funds or you will face penalties for early withdrawal and possibly additional tax burdens as well.

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