3 Reasons a Roth IRA Is the Best Retirement Savings Account
Roth IRAs are often hailed as a wonderful long-term savings option. But there are a few reasons some people may opt to keep their retirement investments in other types of accounts.
If you want an up-front tax break on your retirement plan contributions, then you'll want to put them into a traditional IRA or a 401(k). And if you're a high earner, you may not be able to fund a Roth IRA directly. (Although there is a way to get around the income limits -- a Roth IRA conversion -- some people might find that to be a hassle.)
But while Roth IRAs may not be perfect, it's easy to argue that they're actually the best place for as much of your retirement savings as you can put in them. Here's why.
Source Fool.com
