Why a Roth IRA Could Be the Best Retirement Savings Tool for You

Once you retire, you'll likely need more than Social Security to cover your living expenses. Those benefits will replace about 40% of your paycheck if you're an average earner, and most seniors need roughly double that amount to keep up with their bills and have enough money left over to enjoy themselves.

That's why it's a good idea to save consistently for retirement, and there are a host of options for housing your money while enjoying some nice tax breaks along the way. But if you're going to save for retirement in a tax-advantaged savings plan, it really pays to consider a Roth IRA. Here's why.

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Source Fool.com