Roth IRA in New York, NY is a financial institution that offers individuals the opportunity to open and contribute to a Roth IRA, a tax-advantaged retirement account. With a Roth IRA, individuals can contribute after-tax dollars, and both the contributions and earnings can grow tax-free. Withdrawals from the account after the age of 59 are also tax-free, provided the account has been open for at least five years. Roth IRAs are a popular choice for those who anticipate higher taxes in retirement and are offered by various brokerage firms, banks, and investment companies.
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