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Retire your way, on your plan. As you prepare for retirement, you control when, how much and how you often you access Roth IRA funds.

What to Know About Roth IRAs

  • Contribute up to $6,000 to your retirement plan annually, after-tax
  • Annual income limits determine eligibility
  • Potential tax-free withdrawals after age 59½, and after you have had the account for at least five years
  • No minimum distributions required
  • Use tax-free earnings, up to $10,000 from the account, for first-time home purchase after you have had the account for at least five years
  • Generally, prior to age 59½ withdrawals of contributions are IRS penalty-free; income taxes and penalties may apply to earnings
  • Contribute up to an additional $1,000 "catch-up" contribution per year, beginning in the year you reach age 50, if you wish
  • If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72

Choose from FDIC-Insured or Brokerage IRA Options:

FDIC-Insured IRAs

With these IRAs, you save in various money market accounts or CDs.

Learn More

Brokerage IRAs (Non-FDIC Insured)

These IRAs let you diversify your retirement savings and work with Key Investment Services to choose from a wide selection of non-FDIC-Insured investment options.

Learn More

Trust products from KeyBank National Association.

KeyBank and its affiliated entities do not give tax or legal advice. The comments regarding the law and tax treatment in this material simply reflect current interpretations of such laws. Since laws are always subject to interpretation and possible changes, KeyBank and its affiliates strongly recommend that you seek the counsel of an attorney and/or other qualified tax advisor as to the specific legal and tax consequences of all planning concepts as they apply to the facts of your particular situation.

Investment products are offered through Key Investment Services LLC (KIS), member FINRA/SIPC and SEC-registered investment advisor.

Insurance products are offered through KeyCorp Insurance Agency USA, Inc. (KIA). KIS and KIA are affiliated with KeyBank National Association (KeyBank).

Investment and insurance products made available through KIS and KIA are:


KIS, KIA and KeyBank are separate entities, and when you buy or sell securities and insurance products you are doing business with KIS and/or KIA, and not KeyBank.

KIS and its representatives do not provide tax advice. Individuals should consult their personal tax advisor before making any tax-related investment decisions.

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