IRAs

Roth IRA

Get the basics

What is a Roth IRA?

Contributions

  • You can contribute up to $6,000 into your IRA for 2019- If you're over 50 you can contribute an additional $1,000.
  • If you earn over a certain amount, you can’t contribute. 
  • Contribute at any age, even if you have a retirement plan with your employer.
  • Earnings can 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
Get the basics

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.
Get the basics

Features of a Roth IRA

Tax-free withdrawals

No age limits on contributions

No mandatory withdrawals

No penalties on eligible withdrawals before age 59 ½

Why TIAA

What makes TIAA IRAs different?

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

A wide array of investments

Flexible retirement income options

Next steps

Ready to open a Roth IRA?

You can start online now, or call us 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.
Next steps

Speak with an IRA consultant

Give us a call

We’re here to help.
844-TIAA-IRA
(844-842-2472)
Weekdays, 8 a.m. – 7 p.m. (ET)
 

Request a callback

Tell us when you want us to call.

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This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made  based on the investor’s own objectives and circumstances.
Prior to rolling over, consider your other options. You may also be able to leave money in your current plan, withdraw cash or roll over the assets to your new employer’s plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA Consultant and your tax advisor regarding your situation. Learn more.
Withdrawals of earnings prior to age 59½ may be subject to ordinary income tax and a 10% penalty. Earnings can be distributed tax free if distribution is no earlier than five years after contributions were first made and you meet at least one of the following conditions: age 59½ or older or permanently disabled. Beneficiaries may receive a distribution in the event of your death. For governmental 457(b) plans, withdrawals are only allowed following separation from service or when you reach age 70½.
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