I’m going to try to keep this post short and to the point. Standard Roth IRA requirements are not the most complicated topic as the restrictions rarely apply. As long as you have had taxable compensation or income from self-employment in the year of question, you are eligible to start and fund a Roth IRA. From this point forward, your account will exist until you close it, regardless of whether or not you make a contribution each year.
If You Meet the Roth IRA Requirements
Once you have determined that you are eligible to open a Roth IRA, you will need to start an account, so start by learning about Roth IRA contributions.
If you want to learn more about Roth IRA Contribution limits, either our homepage or the top menus will help you navigate to those section.