Recent changes and additions added to the Roth IRA have made it more appealing than ever. It is a retirement plan used by many Americans as a saving vehicle for retirement. Please consult a financial advisor and your tax attorney to see if the Roth IRA is right for you. You may have options to consider under your current retirement plan. Investment choices should always be based on your risk tolerance and re-evaluated no less than yearly.

In most cases you can contribute up to $3000 this year. Check the your Adjusted Gross Income against the Roth IRA contribution charts.
The Roth IRA has a $500 catch-up provision for those who are at least 50 years old in 2003.
You can still make contributions after the age of 70 in the Roth IRA. (You cannot do this with a Traditional IRA)
You cannot convert the Roth IRA to a Traditional IRA under the current rules.
Early Distributions penalty and income tax may apply if you take a distribution from a Roth IRA

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