How a Roth IRA Can Simplify Your Retirement Strategy
Top 3 Benefits of a Roth IRA for Easier Retirement
These perks will save you money and simplify your future taxes.
1. No taxes on withdrawals
The biggest benefit of Roth IRAs is the tax-free withdrawals they offer you in retirement.
2. No taxes or penalties on contributions at any age
You pay taxes on your Roth IRA contributions in the year you make them.
3. No required minimum distributions (RMDs)
Required minimum distributions (RMDs) are mandatory annual withdrawals the IRS forces seniors to take from most retirement accounts beginning the year they turn 73.
How to get the most out of your Roth IRA: Open an account, deposit funds, choose investments, and consider future contribution limit increases.
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