Many investors don't know the difference between Roth IRA's and traditional IRA's. Learn how they differ in this presentation from Mullooly Asset Management.

1. Mullooly Asset Management Podcast
April 17, 2013
Mullooly Asset Management April 2013

2. Roth IRA’s
Created in 1997
Open to anyone
Earning up to $110,000 ($160,000 if filing jointly)
Contributions: $2,000 a year
In 2013: $5,500
Over age 50: $6,500
Mullooly Asset Management April 2013

3. Income Contributions Levels
Modified Adjusted Gross Income Levels for 2013
Mullooly Asset Management April 2013

4. Income Contributions Levels
Single Filers Joint Filers
Up to $110,000 (to qualify for a Up to $173,000 (to qualify for
full contribution) a full contribution)
$110,000-$125,000 (to be eligible $173,000–$183,000 (to be
for partial contribution) eligible for a partial
contribution)
Mullooly Asset Management April 2013

5. Make More Than These Levels?
Back-door Roth Contributions
Mullooly Asset Management April 2013

6. Distributions
Not subject to RMD (Required Minimum
Distributions)
Principal can be withdrawn without tax or penalty
(account must be open for at least 5 years)
Distributions from Roth IRAs to beneficiaries: Not
taxable if Roth IRA was established at least five years
before distribution occurs
Mullooly Asset Management April 2013

7. Distributions
Generally, if under 59.5, distributions will be subject to
10% penalty on earnings
Unless:
-Disability
-Death
-Substantially Equal periodic payments
-Unreimbursed medical expenses
-First time home purchase
-Payment of higher education expenses for you or
family member
There are other exceptions too
Mullooly Asset Management April 2013

8. None of the securities mentioned in this (or any)
podcast or video represent past specific
recommendations of Mullooly Asset Management.
This video is NOT a recommendation to buy or sell any
of the securities mentioned here.
If you’re relying on a podcast for investment advice, you
are likely making a huge mistake.
We strongly urge our listeners to consult with their
investment advisor before they make a decision to buy
or sell any investment.
Mullooly Asset Management April 2013

9. Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management April 2013

10. Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management April 2013