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The Roth IRA (Individual Retirement Account), explained
It’s hard to have a conversation with a Financial Planner without the words “Roth IRA” coming up. And with good reason - the Roth IRA allows you to invest for your retirement and avoid paying taxes on the proceeds from that investment when you withdraw from it. Essentially, any growth you realized from your Roth savings can be withdrawn tax free. Aside from that obvious tax benefit, there are also other ways that a Roth IRA can be leveraged to help you, as explained in this Motley Fool article by Charlene Reinehart, CPA. Click here to read more.
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