Roth IRA Benefits
Roth IRA contributions are made with after-tax money, but all growth and withdrawals in retirement are tax-free. There are no required minimum distributions during the owner's lifetime.
Frequently Asked Questions
Roth IRA vs Traditional IRA? Roth: pay taxes now, withdraw tax-free. Traditional: deduct now, pay taxes on withdrawal. Roth is often better if you expect a higher tax rate in retirement.