Roth IRAs might seem less appealing than a 401(k) at first glance. They have lower contribution limits -- just $7,000 for adults under 50 compared to $23,000 for 401(k)s in 2024 ($8,000 and $30,500, respectively, for adults 50+). There's no employer match, and you have to pay taxes on your contributions when you make them.

But Roth IRAs also offer some key advantages that 401(k)s and most other retirement accounts don't. Here are three reasons you might be really glad you stashed some money in a Roth IRA this year.

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Source Fool.com