Okun Financial Group, Inc.

CONNECT

Address:

1300 York Road, Suite 200
Lutherville, MD 21093

Phone:

(410) 494-6130

Fax/Other:

(410) 494-6131

What Is a Roth IRA?

Roth IRAs are tax-favored financial vehicles that enable investors to save money for retirement. They differ from traditional IRAs in that taxpayers cannot deduct contributions made to a Roth. However, qualified Roth IRA distributions in retirement are free of federal income tax and aren’t included in a taxpayer’s gross income. That can be advantageous, especially if