Roth Ira
| An individual retirement account that helps grow tax-free investments, a Roth IRA is a great way to save for retirement. Contributions to a Roth IRA are made with after-tax dollars, so you won’t owe any taxes on the money you withdraw in retirement. That means more money in your pocket when you need it most. Roth IRAs also have some other great benefits. There are no required minimum distributions, so you can leave your money in the account as long as you want. That can be a big advantage if you want to pass on your Roth IRA to your heirs. And if you need to take money out of your Roth IRA before retirement, you can do so without penalty as long as you’ve had the account for at least five years. That can be a lifesaver if you have an unexpected financial emergency. So if you’re looking for a retirement account that can help you grow your money tax-free, a Roth IRA is a great option. |
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