Roth IRAs. What are they? How are they different from a traditional IRA? What are the benefits? Who can contribute and how much? What are the income limits? Could I get one for my child? On this episode of Money Unscripted, join host Ally Donnelly and Fidelity Investments’ Rita Assaf for what you need to know about this powerful retirement savings vehicle.

00:00 Welcome to Money Unscripted
01:05 What is a Roth IRA?
01:48 Who is a Roth IRA good for?
02:21 What are the contribution limits for a Roth IRA?
03:49 What is a custodial Roth IRA and how does it work?
07:08 What has changed for 529 accounts?
08:51 When can you make withdrawals from a Roth IRA?
10:13 How do conversions work and what is a backdoor Roth IRA?
13:20 What are RMDs?
13:56 How can you get the most out of a Roth IRA?
15:51 What is a Roth 401(k)?
17:46 What is a spousal IRA?
19:10 Roth IRAs: A recap

Questions? Drop them below and we’ll reply right in the comments.

Join us at http://www.fidelity.com/MoneyUnscripted.
Have a comment or episode idea? Email us at [email protected].

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