4 Things to Do Before Contributing to a Roth IRA
The Roth IRA, for good reason, is widely praised for its tax-free nature. Once you've put money into a Roth and meet the requirements, you'll never have to worry about tax again -- ever.
However, as with anything free, there is at least one catch; in the case of Roth IRAs, there are several. You'll need to be up to date on current tax law to ensure you're making these contributions within legal guidelines. Once money is in your Roth, you can look forward to a long road of growth-sans-tax, and what will hopefully amount to a very valuable asset once it's come time to retire.
Below you'll find four helpful points to review before contributing to a Roth.
Source Fool.com