A Roth IRA is perhaps the most powerful retirement account you can get your money into. The combination of tax-free growth throughout your life, the ability to accept rollovers from other retirement plans, and tax-free withdrawals in retirement make it a wonderful part of your arsenal.

Just why this combination of factors is so powerful takes a little bit of explaining, but since they all work together, a Roth IRA ultimately offers incredible tax savings in retirement. Here's why.

Image source: Getty Images

Continue reading

Source Fool.com