3 Reasons the Roth IRA Is the Best Retirement Savings Tool Out There

When it comes to saving for retirement, you have choices. You can opt to participate in your employer's 401(k) plan or open an IRA through a bank or financial institution. And while IRAs have lower annual contribution limits than 401(k)s, they typically offer lower fees and a wider range of investment choices, making them a solid bet.

But within the realm of IRAs, you have two choices as a salaried worker: the traditional IRA and the Roth. With the former, you get an immediate tax break for making contributions, which is why this option tends to hold lots of appeal. But while Roth IRAs don't give you an instant tax break on the money you put in, they're still an extremely valuable retirement savings tool -- perhaps the most valuable one out there. Here's why.

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Source Fool.com