Roth IRA
Tax-free growth and tax-free withdrawals.
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Tax-free growth and tax-free withdrawals. If you are a long way from retiring and expect to be in the same or higher tax bracket by that time, or you expect to be earning more at retirement, the Roth IRA might be your smartest bet. You contribute to your Roth IRA from your after-tax income and so your funds will grow tax-free, allowing to build up principle quickly. There are no mandatory withdrawal rules with this option. You can contribute up to $4,000 per year into your Roth IRA. |
