Skip to main content

Roth IRA

With a Roth IRA, the after-tax money you contribute potentially grows tax-free.  Even better, withdrawals in retirement are usually tax free.
 
HOW DOES IT WORK?

What is a Roth IRA?

Contributions

  • You can contribute up to $5500 into your IRA for tax year 2016 — and $6500 if you’re over 50.
  • If you earn over a certain amount, you can’t contribute. 
  • Contribute at any age, even if you have a 403(b) or 401(k).
  • Earnings grow tax- free.

When can you make withdrawals

  • Withdrawals are never required. 
  • Never pay taxes on qualified withdrawals after age 59 ½.
  • More about Roth IRAs
WHY CONVERT?

Converting to a Roth IRA

You can convert most retirement plans including Traditional IRAs, 401(k)s and 403(b)s to a Roth IRA.  With a Roth conversion, you pay taxes when you convert, but you can withdraw your money tax-free in retirement.
CONVERTING MIGHT BE A GOOD CHOICE IF YOU WANT TO…
  • Receive income-tax-free earnings in retirement
  • Keep funds in a retirement account as long as possible
  • Leave income-tax-free assets to your family and your heirs
WORTH CONSIDERING
  • Money converted today is taxed at your current income tax rate.
  • Anyone can convert retirement savings to a Roth, regardless of income.
Thinking about converting?
Give us a call at 844-TIAA-IRA and we’ll talk it through.
WHY TIAA

What makes TIAA IRAs so special?

Advice and guidance at no additional cost to help you figure everything out

A virtually unlimited array of investments

Flexible retirement income options

Speak with an IRA consultant

Give us a call

We’re here to help.
844-TIAA-IRA
Weekdays, 8 a.m. – 7 p.m. (ET)
 

Request a callback

Tell us when you want us to call.
GET STARTED

Ready to open a Roth IRA?

Get started now, or give us a call at 844-TIAA-IRA.
Monday - Friday 8 a.m. - 7 p.m. (ET)
 
First, we’ll ask you to confirm some personal info. You may want to have info about your funding account and beneficiaries handy.
WHY SHOULD I CARE?

The benefits of a Roth IRA

Tax-free withdrawals

No age limits on contributions

No mandatory withdrawals

No penalties on eligible withdrawals before age 59 ½

Discover more

PRODUCTS

Lose your crystal ball?

It’s impossible to know what the future holds. Life insurance can help you prepare for the unexpected.
PRODUCTS

College savings

Save the smart way with tax-advantaged 529 college savings plans.
The Average Customer Rating score is determined by calculating the average of all ratings that have been reviewed and approved for posting in accordance with the Terms and Conditions for TIAA Customer Ratings and Review Service. Ratings and reviews are added on an ongoing basis, and the Average Customer Rating score is automatically updated each time ratings and reviews are added.
The rating and review provided by a customer may not be representative of the experiences of all customers and are not necessarily indicative of future experiences. Each investor’s experience may differ. TIAA cannot guarantee the accuracy of the ratings and reviews.
Certain securities may not be suitable for all investors. Brokerage Services are provided by TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC.
C30924