Roth IRA

roth

Forms and Requests Received Will be Processed in 24-48 hours of Quest Receiving the Form.

The IRA owner of a Roth must pay taxes upfront for all money contributed, however all growth within the account is tax deferred, but if you take a qualified distribution, it can be potentially tax free. This is a major advantage for the younger population, as they can make contributions over a lifetime and watch their funds grow. In 2016 & 2017, the contribution limit for a Roth IRA is $5,500, and also allows for a $1,000 “catch-up” for those over the age of 50.

2016 & 2017 Contribution Limits:

  • $5,500
  • $1,000 catch-up (Age 50+)

[PDF] DOWNLOAD ROTH IRA STARTER KIT

CLICK HERE TO COMPLETE THIS APPLICATION VIA DOCUSIGN

[PDF] DOWNLOAD (5305) CUSTODIAL AGREEMENT

Submit Your Forms: All forms can be mailed or faxed to any of our locations or emailed to NewAccounts@QuestIRA.com.

Income Limits:

Tax Filing Status 2016 Tax Year 2017 Tax Year
Single or Head of Household $117,000 – $132,000  $118,000 – $133,000
Married Filing Jointly  $184,000 – $194,000  $186,000 – $196,000
Married Filing Separately  $0 – $10,000  $0 – $10,000