Contributions to Roth IRAs are made with after-tax dollars, so you can take tax-free withdrawals at a later date. There are no mandatory withdrawal requirements, and you can withdraw the contribution (not the earnings) at any time without a penalty or tax bill. If you’re age 59 1/2 or older, you can begin making penalty and tax-free withdrawals after the account has been opened for five years. Contribution limits are the same as traditional IRAs, but Adjust Gross Income requirements apply. Ask us for details.