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Roth Individual Retirement Accounts (IRAs)

The Roth IRA may provide a significant tax advantage when you retire. All account growth and qualifying withdrawals from Roth IRAs are tax exempt. Roth IRAs give you security and flexibility in your investment options, and BB&T offers a variety of investment choices.

Compare All IRAs

Your contribution to a Roth IRA is affected by the amount of your modified Adjusted Gross Income (AGI) as computed for Roth IRA purposes by the Internal Revenue Services.

If your filing status is: And your modified AGI is: Then you can contribute:
Married filing jointly or qualifying widow(er) <$181,000 up to the limit
≥$181,000 but <$191,000 a reduced amount
≥$191,000 zero
Married filing separately and you lived with your spouse at any time during the year <$10,000 a reduced amount
≥$10,000 zero
Single, head of household or married filing separately and you did not live with your spouse at any time during the year <$114,000 up to the limit
≥$114,000 but <$129,000 a reduced amount
≥$129,000 zero


Federal regulations limit which sources of income may be used to fund Roth IRAs:

Eligible Income

  • Wages
  • Salaries
  • Tips
  • Professional fees
  • Bonuses
  • Taxable alimony
  • Commissions received as a percentage of profits or sales price
  • Self-employment income from a sole proprietorship
  • Partnership income for which services have been provided

Ineligible Income

  • Income from rental property
  • Interest income
  • Dividend income
  • Pension or retirement income
  • Annuity income
  • Deferred compensation
  • Foreign earned income
  • Any income not included in gross for federal taxes

Contribution Limits

For 2014 and 2015, your total contributions to all your traditional and Roth IRAs cannot be more than:

  • $5,500 for individuals younger than 50, or
  • $100% of your taxable compensation for the year, if your compensation was less than this dollar limit.

Individuals age 50 to 70 (not including the year you turn 70½ ) may contribute $6,500 or 100% of eligible compensation, which ever is less.

All contributions are nondeductible.



  • You may withdraw your contributions tax-free and penalty-free at any time. If you converted your traditional IRA to a Roth IRA, the converted amount can be withdrawn tax-free and penalty-free if five calendar years have passed since the conversion.
  • If you’re under age 59½, earnings on the account are subject to taxes, and a 10% early-withdrawal penalty may apply if you withdraw the money.
  • If you are 59½ or over and have met the five-year requirement, all withdrawals are tax-free and penalty-free.
  • There is no minimum required distribution during the lifetime of the original owner.

Roth Rollovers

You can also transfer assets from your old Roth retirement plans, including Roth 401(k)s, to your new Roth IRA when you change jobs or retire. By consolidating your retirement plans into a single Roth IRA, you can have a more complete view of your financial picture and better plan for retirement.


These products are only a few of the retirement and investment solutions offered by BB&T Investment Services, Inc. For information on other products and solutions, please contact a BB&T Investment Services, Inc. Investment Counselor.

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