3 Huge Tax Benefits You'll Get With a Roth IRA
Saving money for retirement is essential. Social Security generally won't pay you enough money to live comfortably, so you'll need a way to supplement those benefits -- and your retirement plan could be your ticket in that regard. And if you're thinking about where to house your savings, you may be considering a Roth IRA.
Roth IRA contributions are made with after-tax dollars, so they don't result in an immediate tax break. It's for this reason that many savers favor the traditional IRA, which allows for tax-free contributions. But while you'll lose that specific tax incentive, you'll gain these three benefits if you keep your savings in a Roth IRA.
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Source Fool.com
