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Roth IRAs: Many Benefits to Consider

By: Dakota Trump

HKA is a big advocate of the Roth IRA! Below, you will find a high-level overview of the benefits, but we would be happy to have a more detailed discussion. When you call to schedule an appointment, you can tell Ellen or Katie that you’d like to discuss “Rothing!”

The Roth IRA is a great tool to supplement the savings you are already utilizing with your 401(k), profit sharing, and outside investment accounts. Under current law, if you have no Traditional IRAs, putting money into a Roth is simple. If you have other IRAs, whether from 401(k) rollovers or Traditional IRA contributions in the past, it may be more difficult to contribute to a Roth. However, HKA would be happy to discuss your options!

Regardless of income level, we believe that the Roth IRA is a valuable tool to assist in achieving your retirement goals. In the past, they have been overlooked by many people because the contribution limits are relatively low ($6,500 or $7,500 depending on age), but as we all know, starting as early as possible and the value of compounding earnings is immense.

We would love to discuss how you can add a Roth IRA into your (or your child’s) retirement planning. For questions about this e-mail or to get in touch with HKA, feel free to respond to this e-mail or give us a call at (314) 993-4285.

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