Pay Uncle Sam upfront and ignore him in retirement.
Thank the late Sen. William Roth of Delaware, whose name is on the tax relief act that lets you choose this option for retirement savings. It comes with distinct tax advantages, mainly that you're investing after-tax money so you can withdraw earnings and contributions tax-free beginning at age 59 1/2. Think about it - if you plan to retire in a higher tax bracket, might as well pay at the lower rate now.
The Roth IRA is a fine choice for retirement savings, but don't take our word for it. Seriously. Talk to a tax professional to understand the ins, outs and tax implications. When you have what you need and you're ready to go. Open your Roth IRA online.
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