Roth IRA
An individual retirement account funded with after-tax money, whose qualified withdrawals are completely tax-free.
An individual retirement account funded with after-tax money, whose qualified withdrawals are completely tax-free.
You get no deduction today, but contributions and all growth come out tax-free in retirement. A Roth wins when your tax rate will be the same or higher later, and it has no required minimum distributions for the owner.
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