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Roth IRAs allow greater flexibility in retirement planning for qualifying individuals and couples. Roth IRA account holders pay no tax on withdrawals as long as the assets have been in the account for at least five years, the account holder is at least 59 1/2 years of age, and if funds are used for certain qualifying events. You can also continue to make contributions to a Roth IRA after turning 70 1/2 years of age (traditional IRAs prohibit contributions after that time) and you don't have to take withdrawals at this age. Ask an American Federal Banker how a Roth IRA can be added to your retirement plan. | |
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N. Fifth St. P.O. Box 2946 Fargo, ND 58108-2946 (800) 770-6605 |
www.americanfederalbank.com |
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