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Contribute to a Secure Retirement with a Roth IRA

Individuals interested in tax advantages may find Roth Individual Retirement Annuities (Roth IRAs)1 a good fit for their retirement saving goals. To open a Roth IRA, one must meet certain earned income criteria set by the Internal Revenue Service.

Although Roth IRAs and Traditional IRAs have the same contribution limits, many people prefer the different distribution rules of Roth IRAs.

Roth IRA Advantages

Roth IRAs are similar to other IRA plans and feature the following advantages:

Qualified Withdrawal Criteria

To be considered a qualified withdrawal, the following guidelines must be met after the five-year period starting with the first taxable year for which a contribution is made and:

Connect with WoodmenLife

To learn more about purchasing our life insurance or retirement products, fill out the Get a Quote form or search for your local Representative. Your Representative will contact you to prepare a customized plan that best meets your specific needs and budget.

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  1. ICC10 180 4-10, 180 4-10 (XX), O-180 4-10 (XX)
  2. WoodmenLife surrender charges may apply to withdrawal of contributions and earnings.

WEB66 - 3/30/2021