Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Roth IRAs are powerful. But not perfect.

13 Aug 2025 · 0 min

Watch on YouTube

0:27

A short YouTube clip by Craig Wear, CFP® summarizing the main advantages and limitations of Roth IRAs: tax-free growth and withdrawals, no RMDs at age 72, ability to withdraw contributions anytime, but taxes are paid up front and there are contribution and income limits. The speaker notes the contribution limit ($6,500/year) and an approximate married filing joint income cutoff (~$140,000), and cautions that Roth IRAs aren’t suitable for everyone.

Questions this video answers

$6,500 a year

About $140,000 a year

No — you don't have any RMDs at age 72

Yes — you can withdraw contributions anytime

Taxes are paid up front

So is a Roth IRA really right for you? Roth IRAs are powerful but not perfect. They offer tax free growth and withdrawals. You don't have any RMDs at age 72 and you can withdraw contributions anytime. But taxes are paid up front, so the contribution limit is $6,500 a year. The income limit is about 140,000 a year for married filing joints, so you may not qualify, but it's perfect for beginners. But remember, one size does not fit all.