How to Get the Most Out of Your Roth IRA in 2022
We are nearing the beginning of a new year, making it the perfect time to learn how to better our future selves financially. One of the most underrated yet effective wealth-building tools is the Roth IRA, a unique retirement plan designed to help people save for retirement.
However, the rules of a Roth IRA make it critical that you start using it as soon as possible to get the most out of it. Here is how you can step up your financial game with a Roth IRA in 2022.
The U.S. government created the Roth IRA in 1998. It's an individual retirement account where people can invest income that they've already paid income tax on (known as "take-home pay") to withdraw tax-free in retirement later in life.
Source Fool.com
