Whereas a Traditional IRA is funded with pre-tax dollars and then taxes are paid when funds are distributed, contributions to a Roth IRA are made with after tax dollars so all earnings and distributions can be taken without paying federal tax. Roth IRAs tend to be more flexible, and can be especially beneficial for younger investors who are currently in a low tax bracket.
Did you know that you can convert an existing Traditional IRA to a Roth IRA* to enjoy more flexibility and tax-free income in retirement?
Call 877.962.9032 to find out more from a SunTrust Investment Services (STIS) advisor.
Learn how our SunTrust SummitView goals-based planning approach can give you a clear view into all your stocks, bonds, retirement and savings accounts, allowing you and your advisor to better align your investments to your goals and objectives.
*Please consider taxes and costs before you decide if conversion is right for you.
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