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

Roth IRAs made easy

20 Jul 2025 · 0 min

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Craig Wear explains how Roth IRAs work: you contribute after-tax dollars, get tax-free growth and withdrawals, and skip required distributions at 72. The catch is a $6,500 annual limit and income cap around $140,000 for married couples. They're not right for everyone.

Questions this video answers

$6,500 per year.

About $140,000 per year (married filing jointly).

Age 72.

You can withdraw contributions anytime.

Taxes are paid up front.

Roth IRA the Good, the Bad and The overlooked 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.