Roth IRA

What is a Roth IRA?

The Roth IRA does not allow for deductibility of the annual $5,000 contributions, but it does eliminate income taxes on qualifying distributions under certain conditions. Over long periods of time, the tax-free compounding may be worth more than the upfront tax deduction.

Traditional IRA and Roth IRAs

Traditional IRA contributions can be deductible (up to certain income limits), but withdrawals are taxed as ordinary income.

Roth IRA contributions are non-deductible. But these contributions, along with the following earnings, may be withdrawn tax-free:

• Capital gains
• Dividends
• Interest the account may have earned

Other significant features of a Roth IRA are:

• No minimum distributions need to be taken during the participant’s lifetime.
• When withdrawals are taken, distributions are tax-free (as long as the account has been in existence for five or more years and the withdrawals are taken after age 59½).
  

All products not available in all states.

Beneficial Financial Group's Advantage series tax-deferred annuities and single-premium immediate annuities are not available in all states. We recommend that you thoroughly read the annuity contract for actual governing contractual provisions and certain exclusions, limitations, reductions of benefits, and terms for keeping the annuity in-force. Beneficial Financial Group recommends that you consult your tax professional or attorney on specific points of interest to you.

Advantage Annuities: form 9-601-03.

Beneficial Investment Services, Inc., (BIS) is a wholly owned subsidiary of Beneficial Financial Group. Securities and investment advisory services offered solely by Beneficial Investment Services, Inc., member FINRA/SIPC, 150 Social Hall Avenue, P.O. Box 45654, Salt Lake City,
Utah 84145-0654, (800) 278-1103.